Common use of Audit and Control Clause in Contracts

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.