Home Register Feedback SiteMap Disclaimer Copyright Contact
Find an Auditor
About Us
Public Workshops
Customised Workshops
Horizon2020 Links
Leaflets and Tools
FP7 Financial Info and FAQs
FP7 Links
FP6 Financial Info & FAQs
FP6 Links
Project Admin
FP7 Financial Info and FAQs --> FP7 Certificates --> New FP7 Certification Concept

Certification concept is new in FP7.

·         Certification will be provided on the basis of "Agreed Upon Procedure" (AUP)

·         AUP, the auditor provides information according to a specific format specified via agreed terms of reference (ToR)

·         ToR is annexed to the Grant Agreement (Annex VII)

·         AUP is derived from common practice in audits and corresponds to international audit standards

·         2 types of AUP: Report of factual findings on

-         expenditure verification

-         system verification


Certification on Financial Statements (CFS) = AUP for expenditure verification

·         Mandatory when requested funding reaches 375,000 Euros (except for project of two years or less: the CFS is submitted at the end)

·         Mandatory for every beneficiary, except if certification on the methodology is provided


Certification on the methodology = AUP for system verification aims at certifying the methodology of calculating (average) personnel costs and overhead rates

·         Valid throughout FP7, on a voluntary basis, must be accepted by EC

·         Particularly aimed at legal entities with multiple participations. Waives the obligation of certificates for interim payments

·         Simplifies certificate for final payment


Advantages for system verification

·         The EC will receive consistent certifications and cost claims cleaned from errors

·         Beneficiaries will gain legal security

·         Beneficiaries in many projects will have to submit less certificates

·         EC and beneficiaries will have less processes to handle: less certificates

·         EC gains significantly in terms of assurance on legality and regularity

Certificate On Methodology FAQs

Site Developed by S.Y. Technologies Last updated: 3/5/2018