Financial audits and controls. 1. The Commission or the 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, by external auditors, or by the Commission including OLAF or the JU's services themselves. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Commission or the JU. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement. They shall be carried out on a confidential basis.
Financial audits and controls. 1. The REA or the Commission 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, by external auditors, or by the REA or the Commission services themselves including OLAF. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the REA or the Commission. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement. They shall be carried out on a confidential basis.
Financial audits and controls. 1. Fusion for Energy may, at any time during the implementation of the action and up to five years after the end of the action, arrange for financial audits to be carried out, by external auditors, or by Fusion for Energy and Commission services, including the European Anti-Fraud Office (OLAF). The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by Fusion for Energy. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement. They shall be carried out on a confidential basis.
Financial audits and controls. The EC may, at any time during the implementation of the Project and up to two years after the final payment of the DAPSI project (foreseen for January 2023), arrange for financial audits to be carried out, by external auditors, or by the EC services themselves including the European Anti‐Fraud office (XXXX) and the European Court of Auditors (ECA), on the beneficiaries. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the EC. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the Grant Agreement. They shall be carried out on a confidential basis. The beneficiary concerned shall make available directly to the EC all detailed information and data that may be requested by the EC or any representative authorised by it, with a view to verifying that the Grant Agreement is properly managed and performed in accordance with its provisions and that costs have been charged in compliance with it. This information and data must be precise, complete and effective. The beneficiary concerned shall keep the originals or, in exceptional cases, duly authenticated copies – including electronic copies ‐ of all documents relating to the Contract until 2026. These shall be made available to the EC where requested during any audit under the Grant Agreement. In order to carry out these audits, the beneficiary shall ensure that the EC´s services and any external body(ies) authorised by it have on‐the‐spot access at all reasonable times, notably to the beneficiary’s offices, to its computer data, to its accounting data and to all the information needed to carry out those audits, including information on individual salaries of persons involved in the project. They shall ensure that the information is readily available on the spot at the moment of the audit and, if so requested, that data be handed over in an appropriate form. On the basis of the findings made during the financial audit, a provisional report shall be drawn up. It shall be sent by the EC or its authorised representative to the beneficiary concerned, which may make observations thereon within one month of receiving it. The EC may decide not to take into account observations conveyed or documents sent after that deadline. The final report shall be sent to the beneficiary concerned within two months of expiry of the aforesaid deadline. On the basis of the conclusions of the...
Financial audits and controls. 1. Fusion for Energy may, at any time during the implementation of the action and up to five years after the end of the action, arrange for financial audits to be carried out, by external auditors, by Fusion for Energy or Commission services, including the European Anti-Fraud Office (OLAF). The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by Fusion for Energy. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement. They shall be carried out on a confidential basis. If the audit is carried out on an affiliated entity, the beneficiary concerned must inform that affiliated entity.
Financial audits and controls. 1. 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, by external auditors, or by the IMI JU's services themselves. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the IMI JU. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement. They shall be carried out on a confidential basis.
Financial audits and controls. 1. The FCH 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, by external auditors, or by the FCH JU services themselves or by the Commission including XXXX. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the FCH JU. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement. They shall be carried out on a confidential basis.
Financial audits and controls. The Technical Assistance Team will monitor the compliance with the conditions for financial support set out this Contract and in Annex III (Guidelines for Applicants) and will take any action foreseen by the Subgrant Agreement in case of non-compliance vis à vis the Beneficiary. The subgrant beneficiary shall make available to the CREACT4MED Coordinator all the information and data that may be requested with a view to verifying that the subgrant is properly managed and performed in accordance with its provisions and that costs have been charged in compliance with it. This information and data must be precise, complete and effective. Moreover, the European Commission may at any time during the implementation of the Action and up to 5 years after the end of the project, arrange for financial audits to be carried out by external auditors or by the EC services themselves (including the European Anti-Fraud Office). Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement and shall be carried out on a confidential basis. The beneficiary shall keep all the project deliverables and originals or duly authenticated copies (including electronic copies) of all the documents relating to the funded Action for at least five years from the end of the project. These shall be made available to the CREACT4MED Coordinator where requested during any audit under the Grant Agreement. On the basis of the findings made during the financial audit, the CREACT4MED Coordinator and/or the EC shall take all appropriate measures which it considers necessary, including the issuing of recovery orders regarding all or part of the payments made.
Financial audits and controls. 1. 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, by external auditors, by the Joint Undertaking itself or under the responsibility of the respective national funding authorities/States having concluded an administrative arrangement with the Joint Undertaking, on its behalf. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Joint Undertaking. Such audits may cover financial, systemic and other aspects (such as accounting and management principles) relating to the proper execution of the grant agreement. They shall be carried out on a confidential basis.
