Common use of Proof of expenditure Clause in Contracts

Proof of expenditure. 1. Costs incurred by the Project Partner shall be supported by receipted invoices or alternatively by accounting documents of equivalent probative value. 2. Proof of expenditure shall be provided by the Project Partner to the Project Promoter to the extent necessary for the Project Promoter to comply with its obligations to the Programme Operator. 3. When required, proof of expenditure shall take the following form: Costs incurred by a Project Promoter or the Project Partner shall be supported by receipted invoices, or alternatively by accounting documents of equivalent probative value (Article 8.12.1 of the Regulation). A report by an independent auditor qualified to carry out statutory audits of accounting documents, certifying that the claimed costs are incurred in accordance with this Regulation, the national law and relevant national accounting practices, shall be accepted as sufficient proof of expenditure incurred by the Project Partner. A report issued by a competent and independent public officer recognised by the relevant national authorities as having a budget and financial control capacity over the entity incurring the costs and who has not been involved in the preparation of the financial statements, certifying that the claimed costs are incurred in accordance with this Regulation, the relevant law and national accounting practices, shall, subject to paragraph 3 of the Article 8.12. of the Regulation, also be accepted as sufficient proof of expenditure incurred.4. Audit report shall be written in English.

Proof of expenditure. 1. Costs incurred by the each Project Partner shall be supported by receipted invoices or alternatively by accounting documents of equivalent probative value. 2. Proof of expenditure shall be provided by the each Project Partner to the Project Promoter to the extent necessary for the Project Promoter to comply with its obligations to the Programme Operator. 3. When required, proof of expenditure shall take the following form: Costs incurred by a Project Promoter or the each Project Partner shall be supported by receipted invoices, or alternatively by accounting documents of equivalent probative value (Article 8.12.1 of the Regulation). A report by an independent auditor qualified to carry out statutory audits of accounting documents, certifying that the claimed costs are incurred in accordance with this Regulation, the national law and relevant national accounting practices, shall be accepted as sufficient proof of expenditure incurred by the each Project Partner. A report issued by a competent and independent public officer recognised by the relevant national authorities as having a budget and financial control capacity over the entity incurring the costs and who has not been involved in the preparation of the financial statements, certifying that the claimed costs are incurred in accordance with this Regulation, the relevant law and national accounting practices, shall, subject to paragraph 3 of the Article 8.12. of the Regulation, also be accepted as sufficient proof of expenditure incurred.4. Audit report shall be written in English. 4. Indirect costs claimed by the application of a flat rate do not need to be supported by accounting documents.

Proof of expenditure. 1. Costs incurred by the Project Partner shall be supported by receipted invoices or alternatively by accounting documents of equivalent probative value. 2. Proof of expenditure shall be provided by the Project Partner to the Project Promoter to the extent necessary for the Project Promoter to comply with its obligations to the Programme Operator. 3. When required, proof of expenditure shall take the following form: Costs incurred by a Project Promoter or the Project Partner shall be supported by receipted invoices, or alternatively by accounting documents of equivalent probative value (Article 8.12.1 of the Regulation). A report by an independent auditor qualified to carry out statutory audits of accounting documents, certifying that the claimed costs are incurred in accordance with this Regulation, the national law and relevant national accounting practices, shall be accepted as sufficient proof of expenditure incurred by the Project Partner. A report issued by a competent and independent public officer recognised by the relevant national authorities as having a budget and financial control capacity over the entity incurring the costs and who has not been involved in the preparation of the financial statements, certifying that the claimed costs are incurred in accordance with this Regulation, the relevant law and national accounting practices, shall, subject to paragraph 3 of the Article 8.12. of the Regulation, also be accepted as sufficient proof of expenditure incurred.4. Audit report shall be written in English. 4. Indirect costs claimed by the application of a flat rate do not need to be supported by accounting documents.