Common use of The Audit Authority Clause in Contracts

The Audit Authority. a) The audit authority shall be designated by the Beneficiary and shall be functionally independent from all actors in the management and control system and comply with internationally accepted audit standards. Sayfa: 74 . RESMÎ GAZETE 24 Aralık 2008 - Sayı: 27090 (Mükerrer) b) the audit authority shall be responsible for the verification of the effective and sound functioning of the management and control systems. c) The audit authority, under the responsibility of its head, shalHn particular fulfil the following functions and assume the following responsibilities: - the effective functioning of the management and control systems; .— the reliability of accounting information provided to the Commission. . The audit work shall include audits of an appropriate sarnple of operations or transactions, and an examination of procedures. The annual audit work plan shall be submitted to the NAO and the Commission before the start of the year in question. • submitting reports and opinions as follows: •_'•_ „ - an annual audit activity report following the model in ANNEX C to this Framework Agreement and setting out the resources used by the audit authority, and a summary of any weaknesses found in the management and control system or in transaction findings from the audits carried out in i accordance with the annual audit work plan during the previous 12 month period, ending on 30 September of the year concerned. The annual audit activity, report shall be addressed to the Commission, the NAO and the CAO by 31 December each year. The first such report shall cover the period 1 ; o / January 2007-30 November 2007. "'•:> ^ an annual audit opinion following the model set out in ANNEX D to this .«»jMss- Framework Agreement as to whether the management and control systems function effectively and conform to the requirements of this Framework Agreement" and the IPA Implementing Regulation and/or any other ; agreements between the Commission and the Beneficiary. This opinion shall I be addressed to the Commission, the NAO and the CAO. It shall cover the j same period and have the same deadline as the annual audit activity report. ' •%- an opinion on any final statement of expenditure submitted to the j Commission by the NAO, for the closure of any programme or of any part thereof. Where appropriate, the final statement of expenditure may include payment applications in the form of accounts submitted annually. This opinion shall address the validity of the final payment application, the accuracy of the , financial information, and, where appropriate, be supported by a final audit I activity report. It shall follow the model provided in ANNEX E to this

The Audit Authority. a) The audit authority shall be designated by the Beneficiary and shall be functionally independent from all actors in the management and control system and comply with internationally accepted audit standards. Sayfa: 74 . RESMÎ GAZETE 24 Aralık 2008 - Sayı: 27090 (Mükerrer). b) the The audit authority shall be responsible for the verification of the effective and sound functioning of the management and control systems. c) The audit authority, under the responsibility of its head, shalHn shall in particular fulfil the following functions and assume the following responsibilities: - During the course of each year, establishing and fulfilling an annual audit work plan which encompasses audits aimed at verifying: the effective functioning of the management and control systems; .— the reliability of accounting information provided to the Commission. . The audit work shall include audits of an appropriate sarnple sample of operations or transactions, and an examination of procedures. The annual audit work plan shall be submitted to the NAO and the Commission before the start of the year in question. • submitting reports and opinions as follows: •_'•_ „ - an annual audit activity report following the model in ANNEX C to this Framework Agreement and setting out the resources used by the audit authority, and a summary of any weaknesses found in the management and control system or in transaction findings from the audits carried out in i accordance with the annual audit work plan during the previous 12 month period, ending on 30 September of the year concerned. The annual audit activity, activity report shall be addressed to the Commission, the NAO and the CAO by 31 December each year. The first such report shall cover the period 1 ; o / January 2007-2007 - 30 November 2007. "'•:> ^ an annual audit opinion following the model set out in ANNEX D to this .«»jMss- Framework Agreement as to whether the management and control systems function effectively and conform to the requirements of this Framework Agreement" Agreement and the IPA Implementing Regulation and/or any other ; agreements between the Commission and the Beneficiary. This opinion shall I be addressed to the Commission, the NAO and the CAO. It shall cover the j same period and have the same deadline as the annual audit activity report. ' •%- an opinion on any final statement of expenditure submitted to the j Commission by the NAO, for the closure of any programme or of any part thereof. Where appropriate, the final statement of expenditure may include payment applications in the form of accounts submitted annually. This opinion shall address the validity of the final payment application, the accuracy of the , financial information, and, where appropriate, be supported by a final audit I activity report. It shall follow the model provided in ANNEX E to thisthis Framework Agreement. It shall be sent to the Commission and to the CAO at the same time as the relevant final statement of expenditure submitted by the NAO, or at least within three months of the submission of that final statement of expenditure. Further specific requirements for the annual audit work plan and/or the reports and opinions mentioned under the previous bullet point may be set out in the Sectoral Agreements or Financing Agreements. With regard to the methodology for the audit work, reports and audit opinions, the audit authority must comply with international standards on auditing in particular as regards the areas of risk assessment, audit materiality and sampling. That methodology may be complemented by any further guidance and definitions from the Commission, notably in relation to an appropriate general approach to sampling, confidence levels and materiality. 1 OJ L 210, 31 July 2006, p. 82

The Audit Authority. a) The audit authority shall be designated by the Beneficiary and shall be functionally independent from all actors in the management and control system and comply with internationally accepted audit standards. Sayfa: 74 . RESMÎ GAZETE 24 Aralık 2008 - Sayı: 27090 (Mükerrer). b) the The audit authority shall be responsible for the verification of the effective and sound functioning of the management and control systems. c) The audit authority, under the responsibility of its head, shalHn shall in particular fulfil the following functions and assume the following responsibilities: - During the course of each year, establishing and fulfilling an annual audit work plan which encompasses audits aimed at verifying: the effective functioning of the management and control systems; .— the reliability of accounting information provided to the Commission. . The audit work shall include audits of an appropriate sarnple sample of operations or transactions, and an examination of procedures. The annual audit work plan shall be submitted to the NAO and the Commission before the start of the year in question. • submitting reports and opinions as follows: •_'•_ „ - an annual audit activity report following the model in ANNEX C to this Framework Agreement and setting out the resources used by the audit authority, and a summary of any weaknesses found in the management and control system or in transaction findings from the audits carried out in i accordance with the annual audit work plan during the previous 12 month period, ending on 30 September of the year concerned. The annual audit activity, activity report shall be addressed to the Commission, the NAO and the CAO by 31 December each year. The first such report shall cover the period 1 ; o / January 2007-2007 - 30 November 2007. "'•:> ^ an annual audit opinion following the model set out in ANNEX D to this .«»jMss- Framework Agreement as to whether the management and control systems function effectively and conform to the requirements of this Framework Agreement" Agreement and the IPA Implementing Regulation and/or any other ; agreements between the Commission and the Beneficiary. This opinion shall I be addressed to the Commission, the NAO and the CAO. It shall cover the j same period and have the same deadline as the annual audit activity report. ' •%- an opinion on any final statement of expenditure submitted to the j Commission by the NAO, for the closure of any programme or of any part thereof. Where appropriate, the final statement of expenditure may include payment applications in the form of accounts submitted annually. This opinion shall address the validity of the final payment application, the accuracy of the , financial information, and, where appropriate, be supported by a final audit I activity report. It shall follow the model provided in ANNEX E to thisthis Framework Agreement. It shall be sent to the Commission and to the CAO at the same time as the relevant final statement of expenditure submitted by the NAO, or at least within three months of the submission of that final statement of expenditure. Further specific requirements for the annual audit work plan and/or the reports and opinions mentioned under the previous bullet point may be set out in the Sectoral Agreements or Financing Agreements. With regard to the methodology for the audit work, reports and audit opinions, the audit authority must comply with international standards on auditing in particular as regards the areas of risk assessment, audit materiality and sampling. That methodology may be complemented by any further guidance and definitions from the Commission, notably in relation to an appropriate general approach to sampling, confidence levels and materiality. Statement of Assurance1

The Audit Authority. a) The audit authority shall be designated by the Beneficiary and shall be functionally independent from all actors in the management and control system and comply with internationally accepted audit standards. Sayfa: 74 . RESMÎ GAZETE 24 Aralık 2008 - Sayı: 27090 (Mükerrer). b) the The audit authority shall be responsible for the verification of the effective and sound functioning of the management and control systems. c) The audit authority, under the responsibility of its head, shalHn shall in particular fulfil the following functions and assume the following responsibilities: - • During the course of each year, establishing and fulfilling an annual audit work plan which encompasses audits aimed at verifying: – the effective functioning of the management and control systems; .— – the reliability of accounting information provided to the Commission. . The audit work shall include audits of an appropriate sarnple sample of operations or transactions, and an examination of procedures. The annual audit work plan shall be submitted to the NAO and the Commission before the start of the year in question. • submitting reports and opinions as follows: •_'•_ „ - – an annual audit activity report following the model in ANNEX C to this Framework Agreement and setting out the resources used by the audit authority, and a summary of any weaknesses found in the management and control system or in transaction findings from the audits carried out in i accordance with the annual audit work plan during the previous 12 month period, ending on 30 September of the year concerned. The annual audit activity, activity report shall be addressed to the Commission, the NAO and the CAO by 31 December each year. The first such report shall cover the period 1 ; o / January 2007-2007 - 30 November 2007. "'•:> ^ – an annual audit opinion following the model set out in ANNEX D to this .«»jMss- Framework Agreement as to whether the management and control systems function effectively and conform to the requirements of this Framework Agreement" Agreement and the IPA Implementing Regulation and/or any other ; agreements between the Commission and the Beneficiary. This opinion shall I be addressed to the Commission, the NAO and the CAO. It shall cover the j same period and have the same deadline as the annual audit activity report. ' •%- – an opinion on any final statement of expenditure submitted to the j Commission by the NAO, for the closure of any programme or of any part thereof. Where appropriate, the final statement of expenditure may include payment applications in the form of accounts submitted annually. This opinion shall address the validity of the final payment application, the accuracy of the , financial information, and, where appropriate, be supported by a final audit I activity report. It shall follow the model provided in ANNEX E to thisthis Framework Agreement. It shall be sent to the Commission and to the CAO at the same time as the relevant final statement of expenditure submitted by the NAO, or at least within three months of the submission of that final statement of expenditure. • Further specific requirements for the annual audit work plan and/or the reports and opinions mentioned under the previous bullet point may be set out in the Sectoral Agreements or Financing Agreements. • With regard to the methodology for the audit work, reports and audit opinions, the audit authority must comply with international standards on auditing in particular as regards the areas of risk assessment, audit materiality and sampling. That methodology may be complemented by any further guidance and definitions from the Commission, notably in relation to an appropriate general approach to sampling, confidence levels and materiality. Statement of Assurance8 of the National Authorising Officer of the Republic of Turkey9 8 per component 9 pursuant to Article 27 of the IPA Implementing Regulation I, (name, first name, official title or function), National Authorising Officer of the Republic of Turkey herewith present to the Commission the [statement of expenditure] [accounts and statement of expenditure]10 of the Instrument for Pre-accession (IPA) for the Republic of Turkey for the financial year 01/01/20xx to 31/12/20xx. I declare that I have put in place, and supervised the operation of, a management and internal control system relating to the IPA component [1 to 5] (Annual Management Declaration). I confirm, based on my own judgment and on the information at my disposal, including, inter alia, the results of the work of the internal audit, that: • The expenditure declared [and the accounts submitted]3 to the Commission during the financial year 01/01/20xx to 31/12/20xx give3[s], to the best of my knowledge, a true, complete and accurate view of the expenditure and receipts related to the IPA component [1 to 5] for the financial year mentioned above; • The management and control system has functioned effectively to provide reasonable assurance on the legality and regularity of the underlying transactions including, inter alia, the adherence to the principles of sound financial management; • The management and control system in operation for component [1 to 5] was not [significantly]11 changed as compared to the description provided at the moment of submitting the application for conferral of management (taking into account of changes notified to the Commission in previous years); • All relevant contractual agreements which could have a material effect on the expenditure declared [and the accounts submitted]3 during the reference period in the event of non-compliance have been complied with. There have been no incidences of non-compliance with Community rules that could have a material effect on the expenditure declared [and the accounts submitted]3 in the event of non-compliance. I confirm that, where necessary, I have taken appropriate actions in respect of the reports and opinions from the audit authority issued to date in accordance with Article 29 of the IPA Implementing Rules. [This assurance is, however, subject to the following reservations <also describe remedial actions>: • … • … ]. Furthermore, I confirm that I am not aware of any undisclosed matter which could be damaging to the financial interest of the Community.

The Audit Authority. a) The audit authority shall be designated by the Beneficiary and shall be functionally independent from all actors in the management and control system and comply with internationally accepted audit standards. Sayfa: 74 . RESMÎ GAZETE 24 Aralık 2008 - Sayı: 27090 (Mükerrer). b) the The audit authority shall be responsible for the verification of the effective and sound functioning of the management and control systems. c) The audit authority, under the responsibility of its head, shalHn shall in particular fulfil the following functions and assume the following responsibilities: - During the course of each year, establishing and fulfilling an annual audit work plan which encompasses audits aimed at verifying: the effective functioning of the management and control systems; .— the reliability of accounting information provided to the Commission. . The audit work shall include audits of an appropriate sarnple sample of operations or transactions, and an examination of procedures. The annual audit work plan shall be submitted to the NAO and the Commission before the start of the year in question. • submitting reports and opinions as follows: •_'•_ „ - an annual audit activity report following the model in ANNEX C to this Framework Agreement and setting out the resources used by the audit authority, and a summary of any weaknesses found in the management and control system or in transaction findings from the audits carried out in i accordance with the annual audit work plan during the previous 12 month period, ending on 30 September of the year concerned. The annual audit activity, activity report shall be addressed to the Commission, the NAO and the CAO by 31 December each year. The first such report shall cover the period 1 ; o / January 2007-2007 - 30 November 2007. "'•:> ^ an annual audit opinion following the model set out in ANNEX D to this .«»jMss- Framework Agreement as to whether the management and control systems function effectively and conform to the requirements of this Framework Agreement" Agreement and the IPA Implementing Regulation and/or any other ; agreements between the Commission and the Beneficiary. This opinion shall I be addressed to the Commission, the NAO and the CAO. It shall cover the j same period and have the same deadline as the annual audit activity report. ' •%- an opinion on any final statement of expenditure submitted to the j Commission by the NAO, for the closure of any programme or of any part thereof. Where appropriate, the final statement of expenditure may include payment applications in the form of accounts submitted annually. This opinion shall address the validity of the final payment application, the accuracy of the , financial information, and, where appropriate, be supported by a final audit I activity report. It shall follow the model provided in ANNEX E to thisthis Framework Agreement. It shall be sent to the Commission and to the CAO at the same time as the relevant final statement of expenditure submitted by the NAO, or at least within three months of the submission of that final statement of expenditure. Further specific requirements for the annual audit work plan and/or the reports and opinions mentioned under the previous bullet point may be set out in the Sectoral Agreements or Financing Agreements. With regard to the methodology for the audit work, reports and audit opinions, the audit authority must comply with international standards on auditing in particular as regards the areas of risk assessment, audit materiality and sampling. That methodology may be complemented by any further guidance and definitions from the Commission, notably in relation to an appropriate general approach to sampling, confidence levels and materiality. Statement of Assurance1 I, (name, first name, official title or function), National Authorising Officer of Bosnia and Herzegovina, herewith present to the Commission the [statement of expenditure] [accounts and statement of expenditure]3 of the Instrument for Pre-accession (IPA) for Bosnia and Herzegovina for the financial year 01/01/20xx to 31/12/20xx. I declare that I have put in place, and supervised the operation of, a management and internal control system relating to the IPA component [1 to 5] (Annual Management Declaration). I confirm, based on my own judgment and on the information at my disposal, including, inter alia, the results of the work of the internal audit, that: The expenditure declared [and the accounts submitted]3 to the Commission during the financial year 01/01/20xx to 31/12/20xx give3[s], to the best of my knowledge, a true, complete and accurate view of the expenditure and receipts related to the IPA component [1 to 5] for the financial year mentioned above; The management and control system has functioned effectively to provide reasonable assurance on the legality and regularity of the underlying transactions including, inter alia, the adherence to the principles of sound financial management; The management and control system in operation for component [1 to 5] was not [significantly]4 changed as compared to the description provided at the moment of submitting the application for conferral of management (taking into account of changes notified to the Commission in previous years); All relevant contractual agreements which could have a material effect on the expenditure declared [and the accounts submitted]3 during the reference period in the event of non-compliance have been complied with. There have been no incidences of non-compliance with Community rules that could have a material effect on the expenditure declared [and the accounts submitted]3 in the event of non-compliance. I confirm that, where necessary, I have taken appropriate actions in respect of the reports and opinions from the audit authority issued to date in accordance with Article 29 of the IPA Implementing Rules. [This assurance is, however, subject to the following reservations <also describe remedial actions>: … … ]. Furthermore, I confirm that I am not aware of any undisclosed matter which could be damaging to the financial interest of the Community.