Division 4 AUDIT APPROACH AND PRIORITIESX1

Materiality thresholds for planning purposes and for reporting deficiencies.

Indication of the types of audits to be carried out (system audits, audits of operations).

For system audits:

1. (a)

   specification of the body or bodies responsible for the audit work;

2. (b)

   specification of the bodies to be audited;

3. (c)

   indication of any horizontal issues to be covered by the system audits, such as public procurement, state aid, environmental requirements, equal opportunities and IT systems.

For audits of operations:

1. (a)

   specification of the body or bodies responsible for the audit work;

2. (b)

   specification of the criteria for determining the assurance level gained from system audits and reference to the documentation used for applying the sampling methodology set out in Article 17;

3. (c)

   specification of the procedure for determining steps to be taken where material errors are detected.

Indication and justification of the priorities and audit objectives established for the whole of the programming period.

Explanation of the linkage of the risk assessment results to the audit work planned.

An indicative audit schedule of audit assignments for the forthcoming year provided in a table format.