Audit trail. The information regarding documentary evidence of the authorisation, accounting and payment of payment requests and handling of advances, securities and debts shall be available to ensure at all times a sufficiently detailed audit trail. The management shall, at appropriate level, be informed on a regular and timely basis of the results of verifications carried out, so that the sufficiency of those verifications may always be taken into account before a payment request is settled. For those purposes, the concerned structures, authorities and bodies of the MCS shall set up necessary procedures to ensure retention of all documents required to guarantee an adequate audit trail. Specific complementary provisions to Section 3 of Annex B to the FWA Reference is made to Section 3 of Annex B to the FWA.
Appears in 4 contracts
Samples: Sectoral Agreement, Sectoral Agreement, Sectoral Agreement
