SYSTEMS AUDITS. 4.1 Details of the bodies that have carried out systems audits, including the audit authority itself.
SYSTEMS AUDITS. ➢ Indicate the bodies that have carried out systems testing for the purpose of this report, including the Audit Authority itself. ➢ Attach a summary list of the audits carried out; indicate the materiality and confidence levels applied (%), where appropriate, and the date on which the audit report was forwarded to the Commission. ➢ Describe the basis for selection of the audits in the context of the annual audit work plan. ➢ Describe the principal findings and the conclusions drawn from the audit work for the management and control systems, including the adequacy of the audit trail and compliance with Community requirements and policies. ➢ Indicate any financial impact of findings. ➢ Provide information on the follow-up of the audit findings and in particular any corrective and preventive measures applied or recommended.
SYSTEMS AUDITS. 3.2.1 Identification of the bodies/structures to be audited, as well as the relevant key control elements in the context of systems audits. Where applicable, reference to the audit body on which the Audit Authority relies to perform these audits.
SYSTEMS AUDITS. If the audit involves a review of DVFS's procedures, programs and systems, or of DVFS's proprietary records pertaining to this Agreement, then, at Client's options, the audit may be conducted by Client's qualified personnel or by a qualified independent auditor reasonably satisfactory to DVFS, selected and paid for by Client, provided that such personnel or auditor signs a reasonably acceptable confidentiality agreement with DVFS before beginning the audit.
