MAIN FUNCTIONS OF THE INTERNAL CONTROL SYSTEM Sample Clauses

MAIN FUNCTIONS OF THE INTERNAL CONTROL SYSTEM. The structures, authorities and bodies of the internal control system as defined in Articles 10(1)(c) and 10(2) of the FWA shall have an organisational structure allowing them to execute the following main functions in respect of IPARD expenditure: The basic approach for the allocation of functions and responsibilities shall be established in accordance with the following table: General Functions Specific Functions Management Structure Operating Structure NAO Support Office National Fund IPARD Agency Managing Authority Managing functions Selection of measures * Programme monitoring * Management of IPA II accounts and financial operations * Evaluation * Reporting * * Coordination * Paying functions Authorisation and control of commitments * Authorisation and control of payments (*) * Execution of payments * Accounting for commitment and payment * * Debt management * * Treasury * Implementing functions Selection of projects * Publicity * * Provide assurance on the effective functioning of the internal control system * Audit functions Internal audit * * * In case it is indicated as optional (*), the function may be allocated depending on the size, the responsibilities and other specific features of the internal control systems. Unless the Commission expressly and explicitly provides for otherwise, allocations of functions and responsibilities must not be in contradiction to the basic approach as shown in this Annex. Managing functions
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Related to MAIN FUNCTIONS OF THE INTERNAL CONTROL SYSTEM

  • Quality control system (i) The Contractor shall establish a quality control mechanism to ensure compliance with the provisions of this Agreement (the “Quality Assurance Plan” or “QAP”).

  • CONTROL SYSTEM (a) SELLER shall provide and maintain a quality control system to an industry recognized Quality Standard and in compliance with any other specific quality requirements identified in this Contract.

  • Project Monitoring Reporting and Evaluation The Recipient shall furnish to the Association each Project Report not later than forty-five (45) days after the end of each calendar semester, covering the calendar semester.

  • Project Monitoring Reporting Evaluation A. The Project Implementing Entity shall monitor and evaluate the progress of its activities under the Project and prepare Project Reports in accordance with the provisions of Section 5.08(b) of the General Conditions and on the basis of indicators agreed with the Bank. Each such report shall cover the period of one

  • Reporting Procedures Enter in the XXX Entity Management area the information that XXX requires about each proceeding described in paragraph 2 of this award term and condition. You do not need to submit the information a second time under assistance awards that you received if you already provided the information through XXX because you were required to do so under Federal procurement contracts that you were awarded.

  • Management and Control Systems Grantee will:

  • Internal Control Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

  • Standard Operating Procedures Over approximately the past eight years, the Parties have been supplying select Products to one another for use in the operation of their respective businesses within the United States of America, Canada and Mexico. The Parties developed and been following certain standard operating procedures in connecting with, among other topics, forecasting, production planning, ordering, delivering and resolving claims on the Products supplied to one another (the “Current SOPs”). The Parties will be updating their respective business systems over the next six months, and the updates to these business systems will require the Parties to modify the Current SOPs. Once the Parties have completed the updates to the business systems and agreed on the necessary modifications to the Current SOPs, the Parties will sign a written amendment to this Agreement appending the updated standard operating procedures (the “Updated SOPs”). Until the Parties have signed a written amendment appending the Updated SOPs, the parties will continue to follow the Current SOPs. The Parties will comply with the applicable SOPs in connection with the purchase and sale of products identified in a Purchase Schedule. The Parties may add terms and conditions to, and amend the terms and conditions of, the SOP in a Purchase Schedule, but any additional and amended terms and conditions in a Purchase Schedule supplementing and modifying the SOP will only apply the specific products identified in that Purchase Schedule for its duration.

  • Audit Controls P. Contractor agrees to an annual system security review by the County to assure that systems processing and/or storing Medi-Cal PII are secure. This includes audits and keeping records for a period of at least three (3) years. A routine procedure for system review to catch unauthorized access to Medi-Cal PII shall be established by the Contractor.

  • PERFORMANCE MONITORING AND REPORTING Performance indicators

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