The European Commission has published the Horizon 2020 Indicative Audit Programme, which provides detailed information on how audits of Horizon 2020 projects will be performed by auditors.
As described in the Annotated Model Grant Agreement (AMGA), any beneficiary can be subject to a direct audit performed by the European Commission Common Audit Service's own staff or an indirect audit performed by external auditors appointed by the Commission any time during the lifetime of the project, or up to two years after the final payment. This audit is also defined as "second-level audit". The document includes detailed information about this level and does not mean to further contribute to current information about the Certificate of Financial Statement-CFS, labeled as "first-level audit".
The new Indicative Audit Programme will be applied by all H2020 auditors when carrying our their audits and the Programme sets rules, process and procedures in order to limit the deviation from the audit standards because of the professional judgement of auditors and aims to make these deviations be the exception rather than the rule. As known, the financial audit process applied in previous Framework Programmes was evaluated as "incoherent and inconsistent from auditor to auditor, project to project, country to country" by the audited beneficiaries and this document is prepared further to these kind of feedbacks by the programme stakeholders.
Programme is also useful for all beneficiaries for guiding them to keep their financial records in accordance with the defined standards and rules of a financial audit in their H2020 grant.
Further information about checks, reviews, audits and investigations can be found in Article 22 of the Annotated Model Grant Agreement.
For all your questions, please do not hesitate to contact H2020 Legal and Financial Team of Turkey.