Audits and controls Sample Clauses
The "Audits and controls" clause grants one party the right to review and assess the other party’s records, systems, or processes to ensure compliance with contractual obligations. Typically, this involves scheduled or ad hoc inspections, access to relevant documents, and sometimes on-site visits to verify adherence to agreed standards or regulatory requirements. Its core practical function is to provide transparency and accountability, helping to detect and prevent non-compliance, fraud, or errors within the scope of the agreement.
Audits and controls. (1) The Agency and such persons who are authorised for this purpose by the Executive Director may carry out audits and controls and have access to all books, papers, records and files kept by the Contractor relating to the performance of the contract and to the expenditure incurred in its performance during the contractual period and for a period of five years after such period. The Contractor shall provide free of charge all the information thus requested.
(2) In order to carry out audits, the Agency and such persons who are authorised for this purpose by the Executive Director shall have total on-the-spot access, notably to the Contractor's offices, at all times and to all the information needed to check that the Contractor has complied with the Contract, including information in electronic format.
(3) The European Court of Auditors and the European Anti-Fraud Office may carry out audits and controls in accordance with relevant Community laws, especially the Financial Regulation applicable to the general budget of the European Communities1.
Audits and controls. Both parties shall ensure the exercise of the control rights of the European Commission, the European Anti-Fraud Office and the Court of Auditors according to Article 14§3 of Council Regulation (EU) No 561/2014 with respect to this agreement.
Audits and controls. The Agency and such persons who are authorised for this purpose by the Executive Director shall be entitled to carry out audits and controls, have access to all books, papers, records and files kept by the Contractor relating to expenditure incurred in performing the contract during the contractual period and for a period of five years after such period.
Audits and controls. 7.1. Financial audits and controls (Article II.21)
Audits and controls. 8.1. The Provider shall make available to the Client all information necessary to demonstrate compliance with the obligations laid down in this MDPA. In this context, the Provider shall regularly audit the security of the Personal Data processing systems and environments used by it to perform the Services as well as the premises where the processing is carried out. The Provider may decide to select and entrust certain independent consultants with performing such audits, which shall be made according to international standards and/or best practices and whose outcome shall be described in special reports (“Reports”). The Reports, to be deemed as confidential information of the Provider, may be made available to the Client for allowing verification by this latter of the Provider’s compliance with the security obligations set forth in this MDPA.
8.2. In the cases contemplated in paragraph 8.1, the Client hereby accepts to exercise its right to verification simply by accessing the Reports made available to it by the Provider.
Audits and controls. The activities performed by the Council of Europe under this Agreement shall be subject to the same audits and controls to which the organisation is subject in connection with its normal activities. In addition, the Council of Europe is subject to any audit and control done by the FMO, the Financial Mechanism Committee and/or the EFTA Board of Auditors. The audits and controls performed by these institutions are limited to the activities performed by the Council of Europe in connection with the donor partnership programme and expenses related to these activities. The Council of Europe shall be notified in writing at least two working days before any such audits or controls. The Council of Europe shall, upon request, ensure that the authorised representatives carrying out such audits and controls are accompanied by relevant personnel and provide them with the necessary assistance. The Council of Europe shall give the FMO, the Financial Mechanisms Committee or the EFTA Board of Auditors prompt, full, and unimpeded access to all information, documents, persons, locations and facilities, relevant to the costs covered by the FMO under this Agreement. It is understood that the audits and controls will be carried out in consultation and liaison with the External Auditor of the Council of Europe.
Audits and controls. 11.1 SWEPCO shall maintain an adequate and comprehensive accounting system which will ensure that adequate procedures and records are maintained in accordance with acceptable standards of the industry, requirements of the Federal Energy Regulatory Commission, and any other regulatory bodies having jurisdiction, such records to be in sufficient detail to permit complete analysis and substantiation of all costs and ▇▇▇▇▇▇▇▇.
11.2 An annual audit of such accounting records of SWEPCO which pertain to the recording and development of costs used for billing purposes shall be made for the purpose of verifying the accuracy of such accounts.
Audits and controls. This section addresses both the requirements for “internal” and “external” auditing capabilities. The system shall have controls to ensure data integrity. Audit trails must be available to assist in identifying basic information such as: What was changed? Who changed it? When was it changed?
Audits and controls. The activities performed by TI-S under this Agreement shall be subject to the same audits and controls to which the organisation is subject in connection with its normal activities. In addition, TI-S is subject to any audit and control done by the FMO, the Financial Mechanism Committee and/or the EFTA Board of Auditors. TI-S shall be notified in writing at least two working days before any such audits or controls. TI-S shall, upon request, ensure that the authorised representatives carrying out such audits and controls are accompanied by relevant personnel and provide them with the necessary assistance. TI shall give the FMO, the Financial Mechanisms Committee or the EFTA Board of Auditors prompt, full, and unimpeded access to all information, documents, persons, locations and facilities, relevant to the costs covered by the FMO under this Agreement. It is understood that the audits and controls will be carried out in consultation and liaison with the External Auditor of TI-S.