Audit and Control Sample Clauses

Audit and Control. 10.1. The Employer accepts that the operation will be subject to checks and controls (documentary and/or on site and including but not limited to physical checks and recorded telephone checks) undertaken by the IB, Managing Authority and/or its representatives, in accordance with national/ European Union procedures and/or laws. 10.2. The Employer also accepts that checks and controls may be undertaken by the Certifying Authority and/or other relevant stakeholders in line with national and European Union laws and procedures. 10.3. The Employer also accepts that the operation is also subject to audits carried out by the Audit Authority (Internal Audit and Investigation Department), the European Commission and/or the European Court of Auditors and/or their representatives up to five years after the end date of the project (i.e. the mandatory retention period as per Grant Agreement Section 4). 10.4. Given that the European Structural and Investment Funds are public funds, the Employer, regardless of its status, whether public, private, voluntary or other, also accepts to be subject to audits by the National Audit Office. 10.5. The Employer grants the Managing Authority, the Intermediate Body [Jobsplus], the Certifying Authority, the Audit Authority, the National Audit Office, the European Commission and the European Court of Auditors as well as any and all persons mandated by them and any and all other authorities and/or entities mentioned in the Guidance Notes, the full right of access to ALL documents concerning the implementation of the project, its results and the use of the grant in accordance with the terms and conditions of the present Agreement and those laid down in Council Regulation (EC) No. 1303/2013 and the Implementing Commission Regulation resulting from it and their subsequent amendments. Jobsplus and/or other relevant Authorities reserve the right to check and verify any banking transactions related to subsidies paid for the said Aid Programme. 10.6. The Employer agrees to allow the MA and/or any and all other organisations mentioned above and their representatives, the appropriate physical or other right/means of access to sites and premises where the action is carried out and to all the information, including information in electronic format, needed in order to conduct such checks/audits as outlined in this Article. 10.7. During the carrying out of checks/controls and audits, the Employer shall ensure that the responsible person in relation ...
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Audit and Control. The Audit and Control sector renders to THE PARTIES the services of Prevention of corporate fraud; THE PARTIES’ Internal Audit and the Xxxxxxxx-Xxxxx Process Management.
Sample 1Sample 2Sample 3See All (5)
Audit and Control. The Audit and Control sector renders to THE PARTIES the services consisting in Administration and management of master data, including loading such data to THE PARTIES’ systems; Prevention of corporate fraud; THE PARTIES’ Internal Audit and the Xxxxxxxx-Xxxxx Process Management.
Sample 1Sample 2Sample 3See All (5)
Audit and Control. The Government of Malta is responsible for the financial control and audit of approved projects. In accordance with Article 6.2 of the Rules and Procedures and as listed above, the Focal Point is responsible for ensuring that projects are implemented in line with established financial control procedures and sound financial management. The Focal Point will carry out spot checks and ensure follow-up of any action needed following the spot check. An audit trail will be prepared by the Internal Audit and Investigations Directorate in collaboration with the Focal Point. Audits will be conducted by the Internal Audit and Investigations Directorate (IAID) within the Office of the Prime Minister. IAID is completely independent from management (Focal Point). The IAID will prepare the annual audit plan and a summary of audit reports (of each year). These documents will be transmitted to the FMO by the Focal Point. In line with article 6.2 of the Rules of Procedures, the National Audit Office (Supreme Audit Institution) shall have the right to carry out audits on projects in line with national procedures. In addition, the Focal Point will have the duty to provide the FMO with a copy of any other report that is made by itself, the IAID or the National Audit Office on projects or other activities related to the financial mechanisms.
Sample 1Sample 2Sample 3
Audit and Control. The responsible auditing bodies of the EU, the Audit Authority of the Programme and the group of auditors are entitled to audit the proper use of funds by the partners. The Lead Partner is obliged to contract a competent body/organization which shall perform audit on project expenditures. The audit report must be produced by an auditor, who is a member of internationally recognized supervisory body for statutory auditing. The audit report must be attached to the final report of the project. The Managing Authority is entitled to verify and to control the proper use of funds by the Lead Partner and its partners through Controllers. The verifications to be carried out shall cover administrative, financial, technical and physical aspects of project implementation, as appropriate. The Managing Authority may delegate tasks to the National Authority, therefore the National Authority may act in the name and on behalf of Managing Authority as far as items 1 and 3 is concerned. In accordance with Article 108 of Regulation (EC) No 718/2007, national controllers are designated by each participating country to verify the legality and regularity of the expenditure declared by each project partner participating. The controls may include on-the spot checks, ex-ante and ex-post checks of documentation or other proof regarding specific project outputs and/or results. The Lead Partner shall ensure that expenditures of each partner have been verified and ensure that the expenditures are in accordance with national and Community control requirements. The Lead Partner and its partners will produce all documents required for the audit, control or evaluation, will provide ne­cessary information and give access to its business premises, will allow performing of measurements and investigations related to the project, auditing of accounting documents and other documentation for a period of three years following the closure of the Programme.
Sample 1Sample 2
Audit and Control. 1. The Beneficiary agrees to be subject to financial control and/or audit in the field of Project implementation and the provisions of this Agreement, in particular concerning the fulfilment of the conditions set out in Art. 6: 1) in the case of control – by the Programme Operator, NFP, FMC or body authorized to act on their behalf, 2) in case of an audit – by the Audit Authority whose function is performed by the Minister of Finance or other authorized national public entity and the FMC or body authorized to act on his behalf, and the EFTA Board of Auditors. 2. The control and audit are carried out at the premises of the Beneficiary or in the place of the Project implementation. 3. Inspections and audits may be carried out throughout the duration of the Project and five years after its completion, in accordance with Art. 7 (6) of this Agreement. 4. If the applicable law does not provide otherwise, the Beneficiary shall be notified of the planned audit or audit no later than 5 working days prior to the date of their execution. 5. In appropriate cases, in particular, at the request of the Donor or when there is a suspicion of irregularity, inspection or audit may be carried out on an ad hoc basis, without prior notice referred to in para. 4. 6. In terms of control and audit carried out by the FMC or body authorized to act on its behalf, and the EFTA Board of Auditors, the Beneficiary is obliged – upon request of the Programme Operator, NFP or other entity authorized to audit – to enable full and unimpeded access to all information, documents, persons, locations and facilities, public or private, relevant to the implementation of this Agreement. Such access shall be subject to the restrictions imposed by the applicable national law. 7. During the control visit, the Beneficiary ensures the presence of people appropriate to provide information and explanations regarding the implementation of the Project. 8. The Programme Operator shall prepare, within 15 working days after the end of control, the post- control information in a written form. Such a document shall consist of post-control recommendations together with time for their implementation. 9. The Beneficiary may present its views or reservations to the post-control information within the 10 working days from its delivery. In case of no objections, the Beneficiary shall send back one signed copy of the post-control information within 10 working days from its delivery. 10. In case of objections to the post...
Sample 1
Audit and Control. Art. 74. (1) For the time, for which the Contract is in force, as well as for a period, not less than 5 years as from the expiration of the last Warranty period under the Contract, the CONTRACTOR shall maintain an Archive for all the services, provided under the Contract.
Sample 1
AutoNDA by SimpleDocs
Audit and Control. Art. 74. (1) For the period this contract is in force as well as for a period not less than 5 years following the expiry of the last warranty term under the contract, THE CONTRACTOR shall be obliged to keep records of all services provided under the Contract.
Sample 1

Related to Audit and Control

  • Audit and Records A. The Contractor (and Contractor’s suppliers, vendors, subcontractors, insurance agents and other agents) shall maintain and the OWNER shall have the right to examine books, records, documents, accounting procedures and practices and any other supporting evidence deemed necessary by the OWNER to substantiate compliance with the terms of this Contract, including, but not limited to, costs and charges of whatever nature related to, incurred, and/or anticipated to be incurred, in the performance of this Contract. Such right of examination shall include inspection at all reasonable times of the Contractor’s office or facilities or such parts thereof as may be engaged in the performance of this Contract, and reasonable access to and cooperation by all Contractor personnel who have worked on or have knowledge related to the performance of this Contract. B. The OWNER and its Authorized Representative shall have the right to examine all books, records, documents, and any other data of the Contractor related to the negotiation, pricing, or performance of such Contract, including Change Orders and/or Supplemental Agreements for the purpose of evaluating the accuracy, completeness, and currentness of the cost or pricing data submitted. The right of examination shall extend to all documents necessary to permit adequate evaluation of the cost or pricing data submitted, along with computations and projections used therein. Proprietary/Trade Secret information pertaining to this contract may not be withheld from OWNER or its Authorized Representative. C. The Contractor’s, subcontractor’s and related agent and vendor organization’s documents, records and other evidence shall be subject to inspection and/or reproduction by the OWNER, its agents and Designative Representatives. Contractor, subcontractor, and related agent and vendor organizations shall provide the OWNER with retrievals of computer based records or transactions that the OWNER determines to be necessary to conduct the audit. There shall be no charge to the OWNER for reasonable user of the Contractor’s or subcontractor’s photocopy machine while conducting the audit, nor for any cost of retrieving, downloading to diskette, and/or printing any records or transactions stored in magnetic optical, microfilm, or other media. The Contractor, subcontractor, and related agent and vendor organizations shall provide all records and retrievals requested, within seven (7) calendar days. If requested, the Contractor shall submit a copy of such documents monthly for review by the OWNER. D. The documents, etc. described in paragraphs A. and B. shall be made available at the office of the Contractor at all reasonable times, for inspection, audit, reproduction, until the expiration of four (4) years from the date of final payment. The Contractor shall provide adequate and appropriate work space to conduct all inspections audits and reviews. The OWNER shall provide the Contractor with a reasonable advance notice of intended audit, inspections and reviews. 1. If this Contract is completely or partially terminated, the records relating to the terminated work shall be made available for a period of four (4) years from the date of final payment. 2. Records which relate to appeals or litigation or settlement of claims arising out of the performance of this Contract shall be made available for the period of four (4) years from the date of final disposition of such appeals, litigation, or claims. E. The Contractor shall insert an Article containing all the provisions of this Section 19, including this paragraph, in all subcontracts hereunder except altered as necessary for the proper identification of the contracting parties and the OWNER under this Contract. The Contractor shall submit copies to the OWNER of all subcontracts and changes to subcontracts pertaining to this Contract. Failure to submit such written contracts, or to insert this Section in all subcontracts hereunder, shall be reason to exclude some or all of the related payee’s costs from amounts payable to the Contractor pursuant to this Contract. F. In addition, where projects are funded wholly or in part by federal grants, the FAA, the Secretary of Transportation and the Comptroller General of the United States or any of their duly authorized representatives shall have access, for the purpose of audit and examination, to any books, documents, papers, and records of the recipient that are pertinent to grants received in accordance with CFR 49, Part 18, as it may be amended from time to time. G. If an audit or review in accordance with this Article discloses overcharges (of any nature), by Contractor, in excess of 5% of the total contract value, the cost of the OWNER’s audit shall be paid by the Contractor.

  • Audit and Inspection 9.1 The Recipient, without charge, will permit any officer or officers of the Commissioner, external auditing bodies (i.

  • Audit and Access Twelve (12) Months after the expiry of the Call-Off Agreement Period or following termination of this Call-Off Agreement.

  • OIG INSPECTION, AUDIT, AND REVIEW RIGHTS ‌ In addition to any other rights OIG may have by statute, regulation, or contract, OIG or its duly authorized representative(s) may conduct interviews, examine or request copies of Xxxxxx’x books, records, and other documents and supporting materials and/or conduct on-site reviews of any of Xxxxxx’x locations for the purpose of verifying and evaluating: (a) Xxxxxx’x compliance with the terms of this IA and (b) Xxxxxx’x compliance with the requirements of the Federal health care programs. The documentation described above shall be made available by Xxxxxx to OIG or its duly authorized representative(s) at all reasonable times for inspection, audit, and/or reproduction. Furthermore, for purposes of this provision, OIG or its duly authorized representative(s) may interview Xxxxxx and any of Xxxxxx’x employees or contractors who consent to be interviewed at the individual’s place of business during normal business hours or at such other place and time as may be mutually agreed upon between the individual and OIG. Xxxxxx shall assist OIG or its duly authorized representative(s) in contacting and arranging interviews with such individuals upon OIG’s request. Xxxxxx’x employees and contractors may elect to be interviewed with or without a representative of Xxxxxx present.

  • Audit and Inspection Rights Alberta Innovates shall be entitled at any time and from time to time during the Term and the Retention Period, upon reasonable prior Notice to the Applicant, to have its authorized agents attend at the Applicant's premises or at the location where the Project is being carried out, to: (a) audit or examine the Records ("Audit"); and/or (b) inspect the premises and assets pertaining to the Project ("Inspection"); to assess whether the Applicant has been and is complying with this Investment Agreement. The costs of any Audit or Inspection shall be paid by Alberta Innovates unless such Audit or Inspection reveals a Default or a failure by the Applicant to maintain proper Records or comply with this Investment Agreement, in which case the costs shall be paid by the Applicant. The Applicant shall provide Alberta Innovates’ authorized agents with all such assistance as may be reasonably required during such Audit or Inspection, Including making and providing Alberta Innovates with copies of any Records as requested by Alberta Innovates. For clarity, such right of Audit and Inspection shall be limited to the purpose of ascertaining whether this Investment Agreement has been complied with, and Alberta Innovates will not have any general right to obtain custody or copies of the records of the Applicant except as contemplated by this Section.

  • Audit and Testing 4.1 The Contractor shall conduct tests of the processes and countermeasures contained in the Security Plan ("Security Tests") on an annual basis or as otherwise agreed by the Parties. The date, timing, content and conduct of such Security Tests shall be agreed in advance with the Authority. 4.2 The Authority shall be entitled to send a representative to witness the conduct of the Security Tests. The Contractor shall provide the Authority with the results of such tests (in a form approved by the Authority in advance) as soon as practicable after completion of each Security Test. 4.3 Without prejudice to any other right of audit or access granted to the Authority pursuant to this Contract, the Authority shall be entitled at any time and without giving notice to the Contractor to carry out such tests (including penetration tests) as it may deem necessary in relation to the Security Plan and the Contractor's compliance with and implementation of the Security Plan. The Authority may notify the Contractor of the results of such tests after completion of each such test. Security Tests shall be designed and implemented so as to minimise the impact on the delivery Services. If such tests impact adversely on its ability to deliver the Services to the agreed Service Levels, the Contractor shall be granted relief against any resultant under-performance for the period of the tests. 4.4 Where any Security Test carried out pursuant to paragraphs 4.2 or 4.3 above reveals any actual or potential security failure or weaknesses, the Contractor shall promptly notify the Authority of any changes to the Security Plan (and the implementation thereof) which the Contractor proposes to make in order to correct such failure or weakness. Subject to the Authority's approval in accordance with paragraph 3.12, the Contractor shall implement such changes to the Security Plan in accordance with the timetable agreed with the Authority or, otherwise, as soon as reasonably possible. For the avoidance of doubt, where the change to the Security Plan to address a non-compliance with the Security Policy or security requirements, the change to the Security Plan shall be at no additional cost to the Authority. For the purposes of this paragraph 4, a weakness means a vulnerability in security and a potential security failure means a possible breach of the Security Plan or security requirements.

  • Performance and Compliance with Contracts and Credit and Collection Policy The Seller shall (and shall cause the Servicer to), at its expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Receivables, and timely and fully comply in all material respects with the applicable Credit and Collection Policies with regard to each Receivable and the related Contract.

  • Credit and Collection Policies Comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract.

  • Audit and Inspection of Records Contractor agrees to maintain and make available to the City, during regular business hours, accurate books and accounting records relating to its Services. Contractor will permit City to audit, examine and make excerpts and transcripts from such books and records, and to make audits of all invoices, materials, payrolls, records or personnel and other data related to all other matters covered by this Agreement, whether funded in whole or in part under this Agreement. Contractor shall maintain such data and records in an accessible location and condition for a period of not fewer than five years after final payment under this Agreement or until after final audit has been resolved, whichever is later. The State of California or any Federal agency having an interest in the subject matter of this Agreement shall have the same rights as conferred upon City by this Section. Contractor shall include the same audit and inspection rights and record retention requirements in all subcontracts.

  • 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.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!