Community Research and Development Information Service - CORDIS


Certificates Issued by External Auditors Guidance Notes for Beneficiaries and Auditors, Part I: The Certificate on the Methodology

Funded under: FP7


These guidance notes have been compiled to guide research beneficiaries and certifying entities in the preparation of certificates on the financial statements and on the methodology for calculating personnel costs/indirect costs under the European Community's 7th RTD Framework Programme (FP7).
In particular, the document considers the following topics and related issues:
- FP7 model grant agreement;
- Guide to Financial Issues Relating to FP7 Indirect Actions;
- Frequently asked questions (FAQs) received by the European Commission from certifying entities, beneficiaries and the Commission¿s operational services (see Annex 1).
The objective of these guidance notes is to give an overview of the requirements and provisions which are of importance in claiming costs for reimbursement and hence in the certification of financial statements and on the methodology. These guidance notes do not reflect an official position of the Commission; only the provisions of the signed grant agreement are binding.
The text of this document is valid as of the present date however it may be updated if necessary to reflect developments in the certificate on the financial statements and on the methodology procedures as they occur (in particular, the FAQs contained in Annex 1).
This document will be completed with Part II, which will cover technical aspects related to the testing procedures to be performed by the external auditors.

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Record Number: 8648 / Last updated on: 2007-08-08
Category: SUPP
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