EC awards are the most frequently audited.
The Research Operations Office organised a training event on the audit requirements of EC grants, led by ROO and LEES Chartered Certified Accountants. The recording and the presentation slides can be accessed via the Grants Administration (sharepoint.com).
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FP7 awards – will be audited at the end of a reporting period if the cumulative request for funds exceeds €375,000
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Horizon 2020 awards – Under H2020 an audit will be required with the final claim, when the total requested EC Contribution on actual direct costs exceeds €325,000. This applies to Research and Innovation Actions, Innovation Actions & ERC grants. No audit is required for Marie Skłodowska-Curie Actions. However, the University highly recommends having an interim audit carried out on any H2020 grant where the budget for the direct costs is >€325,000.The interim audit is to be conducted at the end of the first reporting period, enabling Departments to identify areas of risk as early as possible. Guide on interim audit is available here.
A flowchart showing the typical process of managing EC grants audit can be downloaded from here.
Timesheet requirements for EC funded projects can be found our H2020 Staff Costs and Timesheets webpage.
The following documents outline the evidence and documentations that are generally asked for by auditors for audit of FP7 and H2020 grants.