Sharing experience from working on European projects
Dedicated to members, who want to share their experience from working on European projects.
I am just preparing the financial report for a project carried out under the lifelong learning program. According to the rules changed for 2013 projects the report has to be certified by an external auditor. I wonder if anyone has experience with this new requirement and would share it with us.
Carme ROYO
Hi Randolph, We have already two projects (and are partners in a few other) that force the contractor to get an external auditor to visit you and go through ALL the documents (financial things, not content/outputs) to confirm that you have taken care of the financial administration of the project correctly. Note that this does visit from an external auditor selected by you does not exempt you from being fully audited afterwards by the EC. Actually, the fact that your external auditor says you have done everything well and all is in order, does not mean that the EC auditor (if you are selected to receive one) will not disagree and even penalise you for something nobody had seen before. So... I would recommend you to contact a good auditor who is already done this task of auditing EU-funded projects and observe his/her good advice for collecting any missing (or insufficient) documentation. We have a Belgium auditor, if you need it. In April will be the first time we do this with a...
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8 years ago
Randolph
H Carmen, thanks for sharing this important information. The biggest challenge to me is the tight timeline going along with this new regulation. So far we had 2 months time for preparing the financial report. But, the new rule now is forcing us to do the same job in less than 1 month, since the time for external auditing has to be deducted from the total time given. Cheers, Randolph.
8 years ago