Article 7

The management and internal control systems and procedures shall be designed to:

1. (a)

   achieve the objectives of the policies, programmes and actions of the Agency in accordance with the principle of sound financial management;

2. (b)

   comply with the rules of EU law and minimum control standards established by the Agency;

3. (c)

   safeguard the Agency's assets and information;

4. (d)

   prevent and detect irregularities, errors and fraud;

5. (e)

   identify and prevent management risks;

6. (f)

   ensure reliable production of financial and management information;

7. (g)

   keep supporting documents relating to and subsequent to budget implementation and budget implementation measures;

8. (h)

   keep documents relating to advance guarantees for the Agency and keep a log to enable such guarantees to be adequately monitored.