Final Financial Reporting and Audit Report. Besides Final Narrative Reporting, reporting on the exact use of the grant budget also needs to take place. As indicated in section 3.3.1, all SAIPs are required to submit Quarterly Reports, both financial and narrative and two Audit Reports during the implementation of the project. After the end of the grant agreement, the SAIP will, next to the Final Narrative Report, also need to submit a Final Financial Report and another Audit Report, covering the period since the last Audit Report until the end of the agreement. The deadline of submitting the Final Financial Report with the last Audit Report to the MA is indicated in the grant agreement. Please note that the xxxxx 0% of the grantee’s budget will only be transferred to the grantee once the final financial report is approved by the MA and HQ. Costs for all Audit Reports are to be financed from the grant budget. Auditor’s costs for the last Financial Report can be claimed separately with the MA, by submitting a copy of the auditor’s invoice to the MA. The MA will perform its own check of the Audit Report and will check the report against the Final Narrative Report for consistency. The MA will determine the total use of the grant budget based on the Audit Report.
