55. While there are no clear international standards requiring a particular institutional set-up, the Venice Commission and ODIHR are of the opinion that oversight of general party finances and campaign funding by the same body would have some advantages in terms of efficiency and consistency. With only one competent institution all the necessary know-how would be located in it and the mechanisms necessary to guarantee fair and equal campaigning could be implemented without loopholes. The draft amendments in this regard should be reconsidered. In case the currently proposed solution is nevertheless maintained, the Venice Commission and ODIHR recommend introducing a clear delineation of responsibilities between the Oversight and Audit Service and the Commission for the Prevention of Corruption.49 In any case, the monitoring mechanism must be provided with sufficient tools and resources, including an appropriate number of staff specialised in financial auditing, as well as a clear mandate and obligation to audit financial reports of political parties and electoral contestants, to verify the accuracy of the information submitted, and to initiate investigations of possible irregularities. Several interlocutors of the rapporteurs indicated that the current mechanism lacked effectiveness due to the absence of such provisions.