Article 72

Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund and repealing Council Regulation (EC) No 1083/2006 · European Union

Management and control systems shall, in accordance with Article 4(8), provide for: a description of the functions of each body involved in management and control, and the allocation of functions within each body; compliance with the principle of separation of functions between and within such bodies; procedures for ensuring the correctness and regularity of expenditure declared; computerised systems for accounting, for the storage and transmission of financial data and data on indicators, for monitoring and for reporting; systems for reporting and monitoring where the body responsible entrusts execution of tasks to another body; arrangements for auditing the functioning of the management and control systems; systems and procedures to ensure an adequate audit trail; the prevention, detection and correction of irregularities, including fraud, and the recovery of amounts unduly paid, together with any interest on late payments.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-29 · Text as adopted (Official Journal); later amendments are not incorporated in this text.