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FP7 Financial Info and FAQs --> Financial Reporting, Timing and approval of financial reports --> Financial Reporting --> Financial Reporting FAQs

What happens if a beneficiary does not submit a required Certificate on Financial Statement?

If a beneficiary fails to submit a required Certificate on Financial Statement (CFS) by the period deadline, the costs of this beneficiary will not be considered eligible and will be rejected in the payment calculation by the Commission at that time. The beneficiary will have the opportunity to submit the CFS during the next period - at which time the previous costs will be eligible and will be taken into account in the payment calculation.

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