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EC Financial Audits in FP7 Real-life case studies of EC Audits in FP7 – what could go wrong?

June 19, 2012

Blog series by Gábor Kitley

Part 1: Problems with the Personnel Costs at a university

Last week, just after publishing the first blog entry of our FP7 Audit blog series, we received the Draft Audit Report of the EC Audit, which was conducted in 2011 on three of our bigger FP7 projects. From our perspective, it is as good as it can get – no adjustment in costs is done by the Auditors, so the audit will be closed without any negative consequences.


 Unfortunately, not everyone is as prepared for an EC financial audit as we were in this very case. Last year, I got a phone call from one of previous training participants – financial director of a major research university. He informed me that they were going to be audited soon (in some weeks), and that they would need our help to get better prepared.

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