Common use of SYSTEMS AUDITS Clause in Contracts

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. ⮚ ➢ 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.