Common use of Audits rights Clause in Contracts

Audits rights. 1. The responsible auditing bodies of the EU, and, within their responsibility, the auditing bodies of the participating Partner States as well as the Audit Authority, MA/JS and Certifying Authority of the programme are entitled to audit the proper use of Funds by the LP or by the project partners or arrange for such an audit to be carried out by authorised persons. The LP and the PPs will be notified in due time about any audit to be carried out on their expenditure. 2. The LP will produce all documents required for the audit, provide necessary information and give access to its business premises. 3. The LP is obliged to retain for audit purposes all files, documents and data about the project for a two year period from 31st December following the submission of the accounts in which the final expenditure of the completed project is included. The MA/JS will inform the LP about the beginning of the mentioned two year period. 4. The LP is obliged to guarantee fulfilment of the above stipulated duties in relation to all other PPs of the project. 5. The LP shall promptly inform the MA/JS about any audits that have been carried out by the bodies mentioned in Article 11(1), as well as about the results of the audits. 6. If, as a result of the audits any expenditure is considered ineligible according to the legal framework of this contract, the procedure described in Article 6(2) and Article 12 shall apply.

Audits rights. 1. The responsible auditing bodies of the EU, and, within their responsibility, the auditing bodies of the participating Partner States as well as the Audit Authority, MA/JS and Certifying Authority of the programme Programme are entitled to audit the proper use of Funds by the LP or by the project partners or arrange for such an audit to be carried out by authorised persons. The LP and the PPs will be notified in due time about any audit to be carried out on their expenditure. 2. The LP will produce all documents required for the audit, provide necessary information and give access to its business premises. 3. The LP is obliged to retain for audit purposes all files, documents and data about the project for a two year period from 31st December following the submission of the accounts in which the final expenditure of the completed project is included. The MA/JS will inform the LP about the beginning of the mentioned two year period. 4. The LP is obliged to guarantee fulfilment of the above stipulated duties in relation to all other PPs of the project. 5. The LP shall promptly inform the MA/JS about any audits that have been carried out by the bodies mentioned in Article 11(110(1), as well as about the results of the audits. 6. If, as a result of the audits any expenditure is considered ineligible according to the legal framework of this contract, the procedure described in Article 6(2) and Article 12 11 shall apply.

Audits rights. 1. The responsible auditing bodies of the EU, and, within their responsibility, the auditing bodies of the participating Partner States as well as the Audit Authority, MA/JS and Certifying Authority of the programme are entitled to audit the proper use of Funds by the LP or by the project partners or arrange for such an audit to be carried out by authorised persons. The LP and the PPs will be notified in due time about any audit to be carried out on their expenditure. 2. The LP will produce all documents required for the audit, provide necessary information and give access to its business premises. 3. The LP is obliged to retain for audit purposes all files, documents and data about the project for a two year period from 31st December following the submission of the accounts in which the final expenditure of the completed project is included. The MA/JS will inform the LP about the beginning of the mentioned two year period. 4. The LP is obliged to guarantee fulfilment of the above stipulated duties in relation to all other PPs of the project. 5. The LP shall promptly inform the MA/JS about any audits that have been carried out by the bodies mentioned in Article 11(1), as well as about the results of the audits. 6. If, as a result of the audits audits, any expenditure is considered ineligible according to the legal framework of this contract, the procedure described in Article 6(2) and Article 12 shall apply.

Audits rights. 1. The responsible auditing bodies of the EU, and, within their responsibility, the auditing bodies of the participating Partner States as well as the Audit Authority, MA/JS and Certifying Authority of the programme are entitled to audit the proper use of Funds by the LP or by the project partners PPs or arrange for such an audit to be carried out by authorised persons. The LP and the PPs will be notified in due time about any audit to be carried out on their expenditure. 2. The LP will produce all documents required for the audit, provide necessary information and give access to its business premises. 3. The LP is obliged to retain for audit purposes all files, documents and data about the project for a two year period from 31st December following the submission of the accounts in which the final expenditure of the completed project is included. The MA/JS will inform the LP about the beginning of the mentioned two year period. 4. The LP is obliged to guarantee fulfilment of the above stipulated duties in relation to all other PPs of the project. 5. The LP shall promptly inform the MA/JS about any audits that have been carried out by the bodies mentioned in Article 11(1), as well as about the results of the audits. 6. If, as a result of the audits any expenditure is considered ineligible according to the legal framework of this contract, the procedure described in Article 6(2) and Article 12 shall apply.