Audit and Control. 10.1. The Employer accepts that the operation will be subject to checks and controls (documentary and/or on site and including but not limited to physical checks and recorded telephone checks) undertaken by the IB, Managing Authority and/or its representatives, in accordance with national/ European Union procedures and/or laws.
Audit and Control. The Audit and Control sector renders to THE PARTIES the services consisting in Administration and management of master data, including loading such data to THE PARTIES’ systems; Prevention of corporate fraud; THE PARTIES’ Internal Audit and the Xxxxxxxx-Xxxxx Process Management.
Audit and Control. The Audit and Control sector renders to THE PARTIES the services of Prevention of corporate fraud; THE PARTIES’ Internal Audit and the Xxxxxxxx-Xxxxx Process Management.
Audit and Control. The responsible auditing bodies of the EU, the Audit Authority of the Programme and the group of auditors are entitled to audit the proper use of funds by the partners. The Lead Partner is obliged to contract a competent body/organization which shall perform audit on project expenditures. The audit report must be produced by an auditor, who is a member of internationally recognized supervisory body for statutory auditing. The audit report must be attached to the final report of the project. The Managing Authority is entitled to verify and to control the proper use of funds by the Lead Partner and its partners through Controllers. The verifications to be carried out shall cover administrative, financial, technical and physical aspects of project implementation, as appropriate. The Managing Authority may delegate tasks to the National Authority, therefore the National Authority may act in the name and on behalf of Managing Authority as far as items 1 and 3 is concerned. In accordance with Article 108 of Regulation (EC) No 718/2007, national controllers are designated by each participating country to verify the legality and regularity of the expenditure declared by each project partner participating. The controls may include on-the spot checks, ex-ante and ex-post checks of documentation or other proof regarding specific project outputs and/or results. The Lead Partner shall ensure that expenditures of each partner have been verified and ensure that the expenditures are in accordance with national and Community control requirements. The Lead Partner and its partners will produce all documents required for the audit, control or evaluation, will provide necessary information and give access to its business premises, will allow performing of measurements and investigations related to the project, auditing of accounting documents and other documentation for a period of three years following the closure of the Programme.
Audit and Control. 16.1 The Beneficiary accepts that the project will be subject to checks and controls (documentary and on site including physical checks) undertaken by the Managing Authority and/or its representatives, in accordance with national/ European Community procedures and/or laws.
Audit and Control. 1. The Beneficiary agrees to be subject to financial control and/or audit in the field of Project implementation and the provisions of this Agreement, in particular concerning the fulfilment of the conditions set out in Art. 6:
Audit and Control. The Government of Malta is responsible for the financial control and audit of approved projects. In accordance with Article 6.2 of the Rules and Procedures and as listed above, the Focal Point is responsible for ensuring that projects are implemented in line with established financial control procedures and sound financial management. The Focal Point will carry out spot checks and ensure follow-up of any action needed following the spot check. An audit trail will be prepared by the Internal Audit and Investigations Directorate in collaboration with the Focal Point. Audits will be conducted by the Internal Audit and Investigations Directorate (IAID) within the Office of the Prime Minister. IAID is completely independent from management (Focal Point). The IAID will prepare the annual audit plan and a summary of audit reports (of each year). These documents will be transmitted to the FMO by the Focal Point. In line with article 6.2 of the Rules of Procedures, the National Audit Office (Supreme Audit Institution) shall have the right to carry out audits on projects in line with national procedures. In addition, the Focal Point will have the duty to provide the FMO with a copy of any other report that is made by itself, the IAID or the National Audit Office on projects or other activities related to the financial mechanisms.
Audit and Control. Art. 74. (1) For the period this contract is in force as well as for a period not less than 5 years following the expiry of the last warranty term under the contract, THE CONTRACTOR shall be obliged to keep records of all services provided under the Contract.
Audit and Control. Art. 74. (1) For the time, for which the Contract is in force, as well as for a period, not less than 5 years as from the expiration of the last Warranty period under the Contract, the CONTRACTOR shall maintain an Archive for all the services, provided under the Contract.
Audit and Control. 9.1 The Undertaking accepts that the operation will be subject to checks and controls (documentary and/or on site and including but not limited to physical checks) undertaken by the IB, Managing Authority and/or its representatives, in accordance with national/ European Union procedures and/or laws.
