Purpose of the audit Sample Clauses

Purpose of the audit. The IMI JU may, at any time during the implementation of the project, and up to five years after the end of the project, arrange for financial audits to be carried out. FOR BENEFICIARIES ONLY, audit may be also carried out by: • The European Commission, its own departments – including OLAF – or by any of its duly authorised representatives; • The European Court of Auditors, by its own departments or by any of its duly authorised representatives. The audits may cover:  financial aspects  systemic aspects  other aspects such as accounting and management principles.
Sample 1
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Purpose of the audit. The Joint Undertaking may, at any time during the implementation of the project, and up to five years after the end of the project, arrange for financial audits to be carried out. The audits may cover: − financial aspects − systemic aspects − other aspects such as accounting and management principles.
Sample 1
Purpose of the audit. The Joint Undertaking may, at any time during the implementation of the project, and up to five years after the end of the project, arrange for technical audits or reviews to be carried out. The technical audit may cover: - Scientific aspects; - Technological aspects; - Other aspects relating to the proper execution of the project and the grant agreement, including compliance with fundamental ethical principles The technical audit or review shall assess: - the degree of fulfilment of the project work plan for the relevant period and of the related deliverables, - the continued relevance of the objectives and breakthrough potential with respect to the scientific and industrial state of the art, - the resources planned and utilised in relation to the achieved progress, in a manner consistent with the principles of economy, efficiency and effectiveness, - the management procedures and methods of the project, - the beneficiary’s contributions and integration within the project, - the expected potential impact in economic, competition and social terms, and the beneficiaries' plan for the use and dissemination of Foreground.
Sample 1

Related to Purpose of the audit

  • Purpose of the Agreement ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • Purpose of Evaluation 10.1.1 It is recognized that a system of evaluation is essential to assist Unit Members in developing competency and realizing their potential. It is further recognized that information gathered through such a system will enable decisions that measure a Unit Member’s performance in a just and equitable manner.

  • Purpose of DPA The purpose of this DPA is to describe the duties and responsibilities to protect Student Data including compliance with all applicable federal, state, and local privacy laws, rules, and regulations, all as may be amended from time to time. In performing these services, the Provider shall be considered a School Official with a legitimate educational interest, and performing services otherwise provided by the LEA. Provider shall be under the direct control and supervision of the LEA, with respect to its use of Student Data

  • Purpose of the Grant I.1.1 The Commission has decided to award a grant, under the terms and conditions set out in the Special Conditions, the General Conditions and the Annexes to the agreement, which the beneficiary hereby declares that he has taken note of and accepts, for the action entitled […] ("the action").

  • Purpose of Contract The purpose of this contract is to provide services in accordance with the terms and conditions specified in this contract including all attachments, forms, and exhibits which constitute the contract document.

  • Purpose of Use The Executive agrees that he will use Confidential Information only for purposes authorized or directed by the Company.

  • Purpose of the Processing The provision of the Services by the Data Processor to the Data Controller.

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • Purpose of the Committee In order to xxxxxx better relations between the parties, the purpose of the Committee shall be to discuss matters of mutual concern including matters pertaining to the improvement of quality health care and safe nursing practice. The Committee shall have the power to make recommendations to the Union and to the Employer.

  • Purpose of Fee If an employee does not become a member of the Association during any membership year (i.e., from September 1 to the following August 31) which is covered in whole or in part by this Agreement, said employee will be required to pay a representation fee to the Association for that membership year. The purpose of this fee will be to offset the employee’s per capita cost of services rendered by the Association as majority representative.

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