Article 26
Where the Commission implements EDF resources by indirect centralised management, it shall first obtain evidence of the existence and proper operation within the entities to which it entrusts implementation of the following: (a) transparent procurement and grant-awarded procedures which are non-discriminatory and exclude any conflict of interest and which are in accordance with Titles V and VII; (b) an effective and efficient internal control system for the management of operations, which includes effective segregation of the duties of authorising officer and accounting officer or of the equivalent functions; (c) an accounting system that enables the correct use of EDF resources to be verified and the use of funds to be reflected in the EDF accounts; (d) an independent external audit; (e) public access to information at the level provided for in Community Regulations; (f) adequate annual ex post publication of beneficiaries of funds deriving from the EDF in conformity with Article 14(3). The Commission may accept that the audit, accounting, procurement and grant-awarded systems of the agencies and bodies referred to in Article 25(3) are equivalent to its own, with due account for internationally accepted standards.