Progress and Financial Reports. Provisions on the arrangements for audits on the Project Partners should be established. It is sufficient to refer to Audits to be carried out in line with Chapter 11 of the Regulation. Where the partner is providing proof of expenditure in line with paragraphs 3 and 4 of Article 8.12 of the Regulation, it should be clarified that presentation of the audit report is sufficient for the purpose of financial audits.
Appears in 2 contracts
Sources: Partnership Agreement, Partnership Agreement