Do the financial statements of subsidiaries need to be audited by the board of directors of the parent company?

The financial statements of subsidiaries need to be audited by the board of directors of the parent company. According to Article 154 of the Financial Management System of Subsidiaries, the annual financial budget and final financial report of subsidiaries can only be submitted to the board of directors for consideration after being reviewed by the financial department of the parent company, so the final financial report of subsidiaries needs to be reviewed by the board of directors of the parent company.