Common use of Financial audits and controls Clause in Contracts

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 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 XXXX 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 Commission Agency or the JU 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 Commission including OLAF Agency or the JU's Commission services themselvesthemselves including OLAF. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Commission Agency or the JUCommission. 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 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 services themselves including OLAF or the JU's services themselvesXXXX. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Commission or the JUCommission. 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 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 services themselves including OLAF or the JU's services themselvesOLAF. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Commission or the JUCommission. 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 Commission or the JU may, at any time during the implementation of the project grant agreement 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 departments themselves including OLAF or the JU's services themselvesOLAF. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Commission or the JUCommission. 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 Commission or the JU may, at any time during the implementation of the project and up to five years after the end closing date of the project, arrange for financial audits to be carried out, by external auditors, or by the Commission services themselves including OLAF or the JU's services themselvesOLAF. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Commission or the JUCommission. 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 Commission or the JU may, at any time during the implementation of the project grant agreement 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 departments themselves including OLAF or the JU's services themselvesXXXX. The audit procedure shall be deemed to be initiated on the date of receipt of the relevant letter sent by the Commission or the JUCommission. 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.