Verification of the expenditures. COSPE shall contract an Audit Company to conduct the verification of the expenditures provided for in the Grant Contract. The requirements of the Grant Contract will be extended to all Project partners, regardless of the amount awarded. All financial reports shall be verified. The Auditor’s report on expenditure verification is annexed to any request for payment to the EU, except for the initial pre-financing payment. The information concerning the actuality and validity of actions and expenses eligible for funding provided by each Project partner shall entail only its responsibility. The Parties take all the necessary arrangements to ensure that the verification will be properly carried out and to provide the Auditor with any requested information on the Project, giving access to accounting books, supporting documents and other documentation related to the Project. IMPACT HUB shall allow verifications to be carried out by the European Commission, the European Anti- Fraud Office, the European Public Prosecutor’s Office, the European Court of Auditors and any external auditor authorised by the Contracting Authority. The Parties have to take all steps to facilitate their work.
Verification of the expenditures. The Lead Beneficiary and all Partners shall conduct the verification of the expenditures. An expenditure verification report is drawn up by an auditor whose choice needs to be sent to the respective Control Contact Point, according to the specific national provisions. The report is annexed to any request for payment to be made in accordance with art 6, regardless of the amount of the Grant Contract or the type of Lead Beneficiary, with the exception of the initial pre-financing payment. The Lead Beneficiary and its Partners will have different auditors except in the case of partners with the same nationality (in this case it shall be specified below which ones). In any event, the expenditures of every Partner will be always verified by an auditor with a proper knowledge of the language and the legislation of the country. The Lead Beneficiary shall send a consolidated report including all auditors’ conclusions. The report should specify the names of all the auditors and each individual report will be attached. In addition, each partner agrees to send the report by its auditor to the Lead Beneficiary within (specify deadline) to enable the auditor of the Lead Beneficiary to prepare the consolidated report. The information concerning the reality and validity of actions and expenses eligible for funding provided by each Project Partner shall entail only its responsibility. The Lead Beneficiary and the Partners shall make all the necessary arrangements to ensure that the verification will be properly carried out and to provide the auditors with any requested information on the Project, giving them access to accounting books, supporting documents and other documentation related to the Project. Finally, the Lead Beneficiary and the partners agree to submit a copy of the report to the Control Contact Points, in order to allow them to carry out quality checks, as the case may be.
Verification of the expenditures. COSPE shall contract an Audit Company to conduct the verification of the expenditures provided for in the Grant Contract. The requirements of the Grant Contract will be extended to all Project partners, regardless of the amount awarded. All financial reports shall be verified. The Auditor’s report on expenditure verification is annexed to any request for payment to the EU, except for the initial pre-financing payment. The information concerning the actuality and validity of actions and expenses eligible for funding provided by each Project partner shall entail only its responsibility. The Parties take all the necessary arrangements to ensure that the verification will be properly carried out and to provide the Auditor with any requested information on the Project, giving access to accounting books, supporting documents and other documentation related to the Project. IMPACT HUB shall allow verifications to be carried out by the European Commission, the European Anti- Fraud Office, the European Public Prosecutor’s Office, the European Court of Auditors and any external auditor authorised by the Contracting Authority. The Parties have to take all steps to facilitate their work.
