AUDITING AND ASSURANCE Sample Clauses

AUDITING AND ASSURANCE. Within six months of the end of each Financial Year the Grant Recipient will provide, if requested, the Authority with independent assurance that the Grant has been used for delivery‌ of the Funded Activities. To satisfy this requirement the Grant Recipient will provide, at the Authority's discretion:

AUDITING AND ASSURANCE. 8.1 The Grant Recipient will provide the TSA with assurance that the Grant has been used for delivery of the Funded Activities as follows: 8.1.1 The Grant Recipient will provide the TSA with assurance that any Grant that has been used for delivery of the Funded Activities as follows: (a) Grant Recipients (excluding local authorities and Maintained Schools) in receipt of Grants in excess of forty thousand pounds sterling (£40,000) will be required to provide independent assurance through the completion of Annex 9 (Annual Certification of Expenditure) which is to be signed by a reporting accountant who is independent to the Grant Recipient. This is to be submitted within twenty-eight (28) days of the end of the Project and alongside the Final Report or by exception at the annual audit if agreed and approved by the TSA. (b) For Grants of forty thousand pounds sterling (£40,000) or less, Grant Recipients (excluding local authorities or Maintained Schools) will be required to prepare and submit a Statement of Grant Usage (Annex 10 (Statement of ▇▇▇▇▇ ▇▇▇▇▇)) which is to be submitted within twenty eight (28) days of the end of the Project and alongside the Final Report. (c) Local authorities or Maintained Schools in receipt of Grants will be required to prepare and submit a Certification of Grant Usage (Annex 10 (Statement of Grant Usage)) which is to be submitted within twenty-eight (28) days of the end of the Project and alongside the Final Report or by exception at the annual audit if agreed and approved by the TSA. 8.1.2 All Grant Recipients irrespective of the Grant amount will be subject to compliance and audit checks as set out in paragraphs 8.2 and 8.3. 8.2 Grant Recipients may be selected for assurance check audits by the TSA to assess their compliance with the Turing Scheme and this Grant Funding Agreement. The Grant Recipient must give the TSA full access to all information relating to the Turing Scheme either via electronic means or during on-site visits. 8.3 Grant Recipients will be selected for assurance audit both randomly and as targeted audits. There are three (3) types of audit that may be undertaken: 8.3.1 Desk check audits are undertaken remotely on the Grant Recipient's Funded Activities. 8.3.2 On-the-spot-check during audits are an on-site visit by the TSA's compliance team to a Grant Recipient during the live Funded Period of activity. This audit is a review of the Funded Activities and the Grant Recipient, reviewing original records, docu...

AUDITING AND ASSURANCE. FINANCIAL MANAGEMENT AND PREVENTION OF BRIBERY, CORRUPTION, FRAUD AND OTHER IRREGULARITY ............................................................................

AUDITING AND ASSURANCE. 8.1. The Gateway and/or DWP may request, and the Employer will provide, independent assurance that the Funding has been used for delivery of the Funded Activities. To satisfy this requirement, the Employer will provide a report from an pg. 12 independent and appropriately qualified auditor certifying whether the Funding paid to the Employer was applied in accordance with this Kickstart Employer Agreement. 8.2. The Gateway and/or DWP may, at any time during and up to seven years after the end of this Kickstart Employer Agreement, conduct audits and reviews of the delivery and performance of the Funded Activities and / or request additional information related to the Funded Activities or the performance of this Kickstart Employer Agreement where the Gateway or DWP considers it necessary. The Employer grants the Gateway and its Representatives, and DWP and its representatives, full access, as required, to all Funded Activities’ sites, accounts and relevant records. Copies of such accounts and records may be taken. 8.3. If the Gateway or DWP reasonably requires further information, explanations and documents to establish that the Funding has been used properly in accordance with this Kickstart Employer Agreement, the Employer will, within 5 Working Days of a request, provide the requested information, explanations and documents. 8.4. The Employer shall keep accurate and up-to-date accounts and records of the receipt and expenditure of the Funding received by it. The Employer shall retain all invoices, receipts, accounting records and any other documentation (including correspondence) relating to the Eligible Expenditure and income generated by the Funded Activities during the Funding Period and for a period of seven years from the date on which the Funding Period ends.

AUDITING AND ASSURANCE. The Project Deliverer shall before or at the time of the Grant Claim payment provide the Lead Authority with assurance that the Grant and Funding have been used for delivery of the Project Activities.

AUDITING AND ASSURANCE. 7.1 The Met Office will take the necessary steps throughout the implementation of this Agreement to assess the internal controls and systems (including the Beneficiary's adherence to safeguarding standards) to determine: 7.1.1 the reliability, integrity and efficiency of the Beneficiary and their controls, systems and processes including compliance with applicable legislation, regulations, rules, policies and procedures; 7.1.2 whether the Beneficiary can successfully deliver the relevant outputs based on its processes and past experience, and whether it has sufficient staff capacity and capacity available; 7.1.3 the Beneficiary's ability to correctly manage and account for aid moneys and assets as well as its financial health; and 7.1.4 where appropriate, whether the Beneficiary has sufficient capacity to properly monitor and control any sub-grantee or sub-contractor. 7.2 The Met Office will share its assessment of the above with FCDO upon request. 7.3 If required, the Met Office shall organise, and pay for an independent audit of the use of the Grant by a nationally registered or certified auditor agreed in advance by the Met Office. 7.4 The Beneficiary shall retain all financial records and any substantiating documentation including but not limited to bills, invoices, cancelled checks, receipts, personnel time reports, and any other records pertinent to this Agreement for six years after the submission of any reports required under this Agreement. 7.5 For the duration of this Agreement, the Met Office or its agents, during normal working hours, shall have full and free access to inspect, audit and make extracts from such books and records, provided that reasonable advance notice is given to Beneficiary. 7.6 Any audit conducted under this Agreement shall be requested within six years of the termination of this Agreement. Following a request to audit, documentation must not be destroyed until further notice. The Met Office may instruct an audit agency and/or technical evaluators to conduct spot checks on financial records and will notify the Beneficiary in advance.

AUDITING AND ASSURANCE a) Within 6 months after the end of each financial year of the Grant Recipient (or such other date as the Authority may otherwise agree in writing) the Grant Recipient shall prepare and deliver to the Authority: i) the Grant Recipient’s annual audited accounts, including the directors’ and auditors’ reports thereon, in accordance with the Comptroller and Auditor General Annual Reporting Good Practice Guide; ii) copies of all correspondence between the Grant Recipient and its auditors (including any ISA 260 correspondence and any management responses thereto, if applicable); and iii) such other accounts and related documentation as may be requested by the Authority. b) For the purpose of the examination and certification of the Authority’s accounts, the Comptroller and Auditor General and the Authority and its auditors may: i) examine such documents as are in the Grant Recipient’s possession or under its control as may reasonably be required to enable them to verify the use of the Grant(s); and ii) require the Grant Recipient to produce such oral or written explanation as they consider reasonably necessary in relation to the same. c) For the period of 10 years after the expiration or termination of this Agreement or for such other period as may be agreed between the Parties, the Grant Recipient shall: i) not commit an offence under Article 47, Article 48 or Article 49 of the Public Finances Law;

AUDITING AND ASSURANCE. Paragraph 8.1 of ANNEX 1 shall be deleted in its entirety and replaced with the words "At such intervals as may reasonably be required by the Authority the Grant Recipient will provide the Authority with independent assurance that the Grant has been used for delivery of the Funded Activities by providing the Authority with access to its records of accounts and activities and evidence of expenditure.” The following Paragraphs shall be added after Paragraph 22.5 of ANNEX 1:

AUDITING AND ASSURANCE. The Grant Administrator is specifically tasked with auditing and assurance on behalf of the Authority and any references to “Authority” in this section 8 should be read as “the Authority acting through the Grant Administrator”.