Responsibilities of the Parties to the Engagement. ‘The Beneficiary’ refers to the legal entity that is receiving the grant and that has signed the Grant Agreement with the European Commission2. • The Beneficiary is responsible for preparing a Financial Statement for the Action financed by the Grant Agreement in compliance with such agreements and providing it to the Auditor, and for ensuring that this Financial Statement can be properly reconciled to the Beneficiary’s accounting and bookkeeping system and to the underlying accounts and records. Notwithstanding the procedures to be carried out, the Beneficiary remains at all times responsible and reliable for the accuracy of the Financial Statement. • The Beneficiary is responsible for the factual statements which will enable the Auditor to carry out the procedures specified, and will provide the Auditor with a written representation letter supporting these statements, clearly dated and stating the period covered by the statements. • The Beneficiary accepts that the ability of the Auditor to perform the procedures required by this engagement effectively depends upon the Beneficiary providing full and free access to the Beneficiary’s staff and its accounting and other relevant records. ‘The Auditor’ refers to the Auditor who is responsible for performing the agreed-upon procedures as specified in these ToR, and for submitting an independent report of factual findings to the Beneficiary. The Auditor must be independent from the Beneficiary. • [Option 1: delete if not applicable] The Auditor is qualified to carry out statutory audits of accounting documents in accordance with the Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC or similar national regulations. • [Option 2: delete if not applicable] The Auditor is a Competent Public Officer for which the relevant national authorities have established the legal capacity to audit the Beneficiary and has not been involved in the preparation of the financial statements. 1 Financial Statement in this context refers solely to Form C - Annex VI by which the Beneficiary claims costs under the Grant Agreement.
Responsibilities of the Parties to the Engagement. The term «Beneficiary(ies)» refers collectively to all Beneficiaries, in- cluding the PIU, the Lead Institution, the municipalities and NGOs, to the extent the municipalities and NGOs are implementing the Sub-Project. When there is only one Beneficiary of the Sub-Project, the terms Beneficiary(ies), the PIU and the Lead Institution should be understood as referring to the only Beneficiary of the Sub-Pro- ject. Where applicable the term Beneficiary(ies) includes its affiliated entity(ies). • The PIU/Lead Institution is responsible for providing Pro- xxxxx Report (including narrative and financial part) on the progress in implementing the Sub-Project financed by the Grant as specified in the Grant Agreement. The Grant Agree- ment sets out the minimum information required by the CEB with respect to the Progress Reports (as further described under Appendix D of the Grant Agreement). These Progress Reports reconcile to the Beneficiary(ies)’s accounting and bo- OPIS POSLOVA ZA VERIFIKACIJU TROŠKOVA BESPOVRATNIH SREDSTAVA iz Xxxxx RPSZ-a vezano za REGIONALNI PROGRAM STAMBENOG ZBRINJAVANJA
