S.L. 595.30 Art. 12Financial Accountability. 

(1) Whenever requested, the National Agency shall submit to the European Commission and the National Authority the necessary work plans related to the EU Programmes assigned to it.

Without prejudice to articles 7(d) and 11(1), the National Agency shall remain within the parameters of the recurrent expenditure allocated to it by the European Commission and the Minister as authorized by the Minister responsible for finance.

(2) The National Coordinator shall ensure that the Agency has a strong internal audit function. The National Agency shall ensure the proper keeping of management accounts and other records concerning its operation and transactions, and shall ensure that a relative statement of accounts is prepared on an annual basis and submitted to the Minister, the Minister responsible for finance, the National Authority and, where applicable, its engaged external auditors and the European Commission, without delay.

(3) The National Co-ordinator shall be responsible for ensuring that the Agency has a functioning independent internal audit function at all times. The internal auditor will report to the Internal Audit Committee chaired by the Permanent Secretary or his delegate within the Ministry responsible for European Funds.

(4) The operational systems and accounts of the National Agency may also be audited by one or more auditors appointed by the National Co-ordinator. The financial administration of the Agency shall be subject to the auditing of the Auditor General. The operational audited accounts shall be presented to the European Commission, the Minister, the Minister responsible for finance, the National Authority and, where applicable, its engaged external auditors and the Auditor General.

(5) The systems and financial and operating accounts for the decentralised funds of the Erasmus+ Programme and the European Solidarity Corps managed by the National Agency shall be audited by one or more auditors appointed by the National Authority. The audited accounts shall be presented to the European Commission and the Minister.

(6) The National Agency shall send a copy of its audited statement of accounts, a copy of the report made by the auditor or auditors about that statement, together with a report of its activities and outcome during that year, to the Minister, the National Authority and to the European Commission. The Minister shall, within thirty

(30) days of their receipt, lay a copy thereof on the Table of the House of Representatives. The audited accounts and the annual report shall also be presented to the Minister responsible for finance and to the Auditor General whenever these are requested.

(7) The National Agency shall, on the request of the Minister or the Minister responsible for finance or the National Authority, submit management reports and accounts as requested.

(8) The National Agency shall follow procurement procedures as regulated by the Public Procurement Regulations, and any amendments thereto.

(9) Repealed by Legal Notice 281 of 2025.