# Regulation (EU) No 223/2014 of the European Parliament and of the Council of 11 March 2014 on the Fund for European Aid to the Most Deprived, Article 28: General principles of management and control systems

Extent: E+W+S+N.I.

Management and control systems shall, in accordance with Article 5(7), provide for:
(a) a description of the functions of each body involved in management and control, and the allocation of functions within each body;
(b) compliance with the principle of separation of functions between and within such bodies;
(c) procedures for ensuring the correctness and regularity of expenditure declared;
(d) computerised systems for accounting, for the storage and transmission of financial data and data on indicators, for monitoring and for reporting;
(e) systems for reporting and monitoring where the body responsible entrusts execution of tasks to another body;
(f) arrangements for auditing the functioning of the management and control systems;
(g) systems and procedures to ensure an adequate audit trail;
(h) the prevention, detection and correction of irregularities, including fraud, and the recovery of amounts unduly paid, together with any interest on late payments.

---
Source: https://www.legislation.gov.uk/eur/2014/223/article/28 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-223/article-28
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.