Article 28 General principles of management and control systems

Management and control systems shall, in accordance with Article 5(7), provide for:

1. (a)

   a description of the functions of each body involved in management and control, and the allocation of functions within each body;

2. (b)

   compliance with the principle of separation of functions between and within such bodies;

3. (c)

   procedures for ensuring the correctness and regularity of expenditure declared;

4. (d)

   computerised systems for accounting, for the storage and transmission of financial data and data on indicators, for monitoring and for reporting;

5. (e)

   systems for reporting and monitoring where the body responsible entrusts execution of tasks to another body;

6. (f)

   arrangements for auditing the functioning of the management and control systems;

7. (g)

   systems and procedures to ensure an adequate audit trail;

8. (h)

   the prevention, detection and correction of irregularities, including fraud, and the recovery of amounts unduly paid, together with any interest on late payments.