Expenditure Verification definition

Expenditure Verification means, for Part 1 of the Project, a financial audit of expenditures paid by MOH for the services utilized and produced by the Audit Bureau.
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Expenditure Verification means both the process and the report by which an auditor verifies according to agreed-upon procedures contained in the relevant Terms of Reference that the Financial Report submitted by the contractor/beneficiary can be reconciled to the latter’s accounting and bookkeeping system and to underlying accounts and records. The auditor also verifies that the contractor/beneficiary complies with the relevant contract provisions.
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Examples of Expenditure Verification in a sentence

  • Any Expenditure Verification Report shall be produced by an external auditor contracted by the Partner Country in compliance with CEB’s Procurement Guidelines and subject to CEB’s ex-ante approval.

  • The Beneficiaries have to respect the reporting deadlines of the Grant Contract and have to submit their Interim/Final Reports and Expenditure Verification Reports for the part of the Project implemented under its own responsibility to the Lead Beneficiary in due time, until 30 days after the end of the monitoring period.

  • An Expenditure Verification Report shall be attached to: - any interim report - the final report.

  • The Expenditure Verification Report shall be issued by a national controller (in case of Beneficiary from a Member State) or by an approved independent auditor (in case of Beneficiary from Ukraine).

  • Having collected all the Beneficiary level interim reports and Expenditure Verification Reports, the Lead Beneficiary prepares and then submit the Project Interim Report to the JTS accompanied by a request for further pre-financing payments and all the connected Beneficiary level interim reports and Expenditure verification Reports.

Related to Expenditure Verification

  • Busy Line Verification (BLV) means a service whereby an End User requests an operator to confirm the busy status of a line.

  • Verification means the process of comparing sets of data to establish the validity of a claimed identity (one-to-one check);

  • Planned Expenditures shall have the meaning provided in the definition of the term Excess Cash Flow.

  • Uncovered expenditures means the costs to the health maintenance organization for health care services that are the obligation of the health maintenance organization, for which an enrollee may also be liable in the event of the health maintenance organization's insolvency and for which no alternative arrangements have been made that are acceptable to the commissioner.

  • Independent Verification means that an evaluation is undertaken and reported by an individual or body whose organisation, systems and procedures conform to ISO Guide 65:1996 (EN 45011:1998) General requirements for bodies operating product certification systems (as amended form time to time) or equivalent, and who is accredited to audit against forest management standards by a body whose organisation, systems and procedures conform to ISO 17011: 2004 General Requirements for Providing Assessment and Accreditation of Conformity Assessment Bodies (as amended from time to time) or equivalent.