Regulation (EEC) No 1723/72 of the Commission of 26 July 1972 on making up accounts for the European Agricultural Guidance and Guarantee Fund, Guarantee Section

REGULATION (EEC) No 1723/72 OF THE COMMISSION of 26 July 1972 on making up accounts for the European Agricultural Guidance and Guarantee Fund, Guarantee Section
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community;
Having regard to Council Regulation (EEC) No 729/701 of 21 April 1970 on the financing of the common agricultural policy, and in particular Articles 4 (4) and 5 (3) thereof;
Whereas in order to make up accounts of the authorities and bodies empowered to pay the expenditure financed by the EAGGF, Guarantee Section, it is necessary to set out the procedure whereby annual accounts are to be forwarded to the Commission;
Whereas the provisions to be adopted must enable Member States to submit all necessary documents for making up accounts in a uniform manner in accordance with the provisions relating to Community financing;
Whereas the authorities and bodies empowered to effect expenditure must keep accounts relating exclusively to the financial resources made available to them for payment of expenditure financed by the EAGGF, Guarantee Section, and whereas statistical data must be extracted from those accounts ; whereas, however, it is necessary, additionally and by way of exception, to provide during the first two years for possible recourse to other sources of information ; whereas, moreover, since the information supplied is of a composite character from other data, provision must be made for retaining the supporting documents upon which it is based, at least until the Community authorities have finished their investigations, it being understood that this provision shall not prejudice national provisions providing for a longer period;
Whereas, in order to facilitate verification of the figures, Member States have to forward to the Commission, on the one hand, the annual reports drawn up by the authorities and bodies responsible for payments and on the other hand, all reports or parts of reports drawn up by the auditing or supervisory authorities ; whereas, it is desirable to prepare a model form for the reports to be drawn up by the authorities and bodies responsible for payments;
Whereas information must be available to the Commission concerning sums wrongly paid as a result of irregularities not shown in the quarterly statements provided for in Articles 3 and 5 of Regulation (EEC) No 283/722 of 7 February 1972 concerning irregularities and the recovery of sums wrongly paid in connection with the financing of the common agricultural policy and the organization of an information system in this field;
Whereas, in making up the annual reports, it is necessary to establish the amount of Community financial resources still available in each Member State at the end of the year;
Whereas the measures provided for in this Regulation are in accordance with the Opinion of the Fund Committee,