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| FP6 Financial Info & FAQs --> Project --> Audits --> Audit Certificates --> Audits FAQs |
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Q: | In the Guide to Financial Issues as well in Audit Certificate Guidance Notes, there is a statement: "For the two cost reporting models that incorporate a flat rate contribution deemed to cover indirect eligible costs (FCF and AC), the auditor must certify that the correct rate has been used and that it has been applied correctly." What does the Commission mean? |
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A: | In theory the auditor should be satisfied that the 20% rate is not too high. In practice this is rarely done. In addition he should be satisfied that the 20% rate is applied to eligible costs only excluding subcontractors and in management activity also has not been applied to permanent staff which can be charged here (but not in R&D activities etc). |
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