ECOWAS REVISED TREATY ARTICLE 75 EXTERNALAUDITORS 1. The External Auditors of the Community shall be appointed for a period of two years renewable for two other terms of two years each. They can be relieved of their posts by the Authority on the recommendation of the Council. 2. Subject to the provisions of the preceding paragraph, the Council shall determine the rules governing the selection procedure and establish the responsibilities of the External Auditors. CHAPTER XV DISPUTES ARTICLE 76 SETTLEMENT OF DISPUTES 1. Any dispute regarding the interpretation or-the application of the provisions of this Treaty shall be amicably settled through direct agreement without prejudice to the provisions of this Treaty and relevant Protocols. 2. Failing this, either party or any other Member States or the Authority may refer the matter to the Court of the Community whose decision shall be final and shall not be subject to appeal. CHAPTER XVI SANCTIONS ARTICLE 77 SANCTIONS APPLICABLE FOR NON-FULFILMENT OF OBLIGATIONS Where a Member State fails to fulfil its obligations to the Community, the Authority may decide to impose sanctions on that Member State. These sanctions may include: (i) (ii) suspension of new Community loans or assistance; suspension of disbursement on on-going Community projects or assistance programmes; 43