Common use of Audit Authority Clause in Contracts

Audit Authority. The Internal Audit Service of the Republic of Cyprus shall act as the Audit Authority. The Internal Audit Service is an independent Service established by Law. The Internal Audit Service is organized into two audit departments. The Department of Audit of Programmes Co-Funded by the EU has undertaken all the duties and responsibilities of the Audit Authority as stipulated in article 5.5 of the Regulation. The Department of Audit of Programmes Co-Funded by the EU is also the Audit Authority for the European Structural and Investment Funds 2014-2020. The Internal Audit Service is headed by the Commissioner of Internal Audit, appointed by the Council of Ministers. The Commissioner of Internal Audit is the Head of the Audit Authority. The Internal Audit Service reports to the Internal Audit Board. The Internal Audit Board acts as the contact between the Council of Ministers and the Internal Audit Service. It comprises of five members and is chaired by the Minister of Finance. The roles and responsibilities of the Audit Authority are stipulated in the Regulation, in particular Article

Audit Authority. The Internal Audit Service of the Republic of Cyprus shall act as the Audit Authority. The Internal Audit Service is an independent Service established by Law. The Internal Audit Service is organized into two audit departments. The Department of Audit of Programmes Co-Funded by the EU has undertaken all the duties and responsibilities of the Audit Authority as stipulated in article 5.5 of the Regulation. The Department of Audit of Programmes Co-Funded by the EU is also the Audit Authority for the European Structural and Investment Funds 2014-2020. The Internal Audit Service is headed by the Commissioner of Internal Audit, appointed by the Council of Ministers. The Commissioner of Internal Audit is the Head of the Audit Authority. The Internal Audit Service reports to the Internal Audit Board. The Internal Audit Board acts as the contact between the Council of Ministers and the Internal Audit Service. It comprises of five members and is chaired by the Minister of Finance. The roles and responsibilities of the Audit Authority are stipulated in the Regulation, in particular Article.