[X1 ANNEX V U.K. MODEL AUDIT STRATEGY PURSUANT TO ARTICLE 62(1)(c) OF REGULATION (EC) No 1083/2006

Editorial Information

X1 Substituted by Corrigendum to Commission Regulation (EC) No 1828/2006 of 8 December 2006 setting out rules for the implementation of Council Regulation (EC) No 1083/2006 laying down general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund and of Regulation (EC) No 1080/2006 of the European Parliament and of the Council on the European Regional Development Fund (Official Journal of the European Union L 371 of 27 December 2006).

4. AUDIT APPROACH AND PRIORITIES U.K.

• 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:

  (a)

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

  (b)

  specification of the bodies to be audited;

  (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:

  (a)

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

  (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;

  (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.]