. The Austrian Federal states have the authority to set up independent regional courts of audits into their areas of jurisdiction. Although the functions of these regional court of Audit differ from region to region depending on their constitution, their standard tasks that they perform include, auditing the financial management of the respective federated state, its administration, the foundations, funds and institutions as well as companies in which regional parliament (Landtage) participates as shareholder; and the examination of the proper use of grants and subsidies awarded by the Federal State.