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Report Of Factual Findings On The Final Financial Report

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The cost of the certification and the production of the Report of Factual Findings on the Final Financial Report – Type I is an eligible cost in the Grant Agreement/Decision for which the certification is submitted (II.19 of the Grant Agreement /General Condition n°19 of

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N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. INTRODUCTION These guidance notes have been compiled to guide beneficiaries of grants from the Education, Audiovisual and Culture Executive Agency – EACEA (hereafter the Agency) and external auditors in the preparation of the Report of Factual Findings on the Final Financial Report – Type II. The objective of these guidance notes is to give an overview of the requirements and

N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1.

Report of Factual Findings on the Final Financial Report Type II

N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. The cost of the certification and the production of the Report of Factual Findings on the Final Financial Report – Type I is an eligible cost in the Grant Agreement/Decision for which the certification is submitted (II.19 of the Grant Agreement /General Condition n°19 of

INTRODUCTION These guidance notes have been compiled to guide beneficiaries of grants from the Education, Audiovisual and Culture Executive Agency – EACEA (hereafter the Agency) and external auditors in the preparation of the Report of Factual Findings on the Final Financial Report – Type II. The objective of these guidance notes is to give an overview of the requirements and INTRODUCTION These guidance notes have been compiled to guide beneficiaries of grants from the Education, Audiovisual and Culture Executive Agency – EACEA (hereafter the Agency) and external auditors in the preparation of the Report of Factual Findings on the Final Financial Report – Type II. The objective of these guidance notes is to give an overview of the requirements and

N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1.

N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. The cost of the certification and the production of the Report of Factual Findings on the Final Financial Report – Type I is an eligible of these guidance notes cost in the Grant Agreement/Decision for which the certification is submitted (II.19 of the Grant Agreement /General Condition n°19 of N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1.

N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. A report of factual findings is a report of factual findings that does not specifically address a financial statement. The report – unlike an audit of the financial statements – does not contain an opinion of an independent auditor. This opinion must N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1.

N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. Notwithstanding the procedures to be carried out, the beneficiary4 remains at all times responsible and accountable for the accuracy of the Final Financial Report. A beneficiary that has been found guilty of making false declarations or has been found to have seriously failed to meet its obligations under the Grant Agreement/Decision shall be liable to financial penalties

Report of factual findings

INTRODUCTION These guidance notes have been compiled to guide beneficiaries of grants from the Education, Audiovisual and Culture Executive Agency – EACEA (hereafter the Agency) and external auditors in the preparation of the Report of Factual Findings on the Final Financial Report – Type II. The objective of these guidance notes is to give an overview of the requirements and N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1.

INTRODUCTION These guidance notes have been compiled to guide beneficiaries of grants from the Education, Audiovisual and Culture Executive Agency – EACEA (hereafter the Agency) and external auditors in the preparation of the Report of Factual Findings on the Final Financial Report – Type II. The objective of these guidance notes is to give an overview of the requirements and N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean of a Report that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. Notwithstanding the procedures to be carried out, the beneficiary4 remains at all times responsible and accountable for the accuracy of the Final Financial Report. A beneficiary that has been found guilty of making false declarations or has been found to have seriously failed to meet its obligations under the Grant Agreement/Decision shall be liable to financial penalties

In accordance with Article XX of the Grant Agreement/Decision, public bodies have the choice between an external auditor and a competent public officer5. A preliminary condition is that this competent public officer was not involved in any way in drawing up the Final Financial Report and that he/she is are not hierarchically dependent on the officer responsible for the Final Financial N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1.

INTRODUCTION These guidance notes have been compiled to guide beneficiaries of grants from the Education, Audiovisual and Culture Executive Agency – EACEA (hereafter the Agency) and external auditors in the preparation of the Report of Factual Findings on the Final Financial Report – Type II. The objective of these guidance notes is to give an overview of the requirements and

N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that found guilty the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1. N.B: The submission of a Report of Factual Findings on the Final Financial Report – Type II does not mean that the Agency, the Commission or the Court of Auditors waive their rights to carry out their own audits1.

way in drawing up the Final Financial Report and that he/she is not hierarchically dependent on the officer responsible for the The submission of Final Financial Report. Moreover, to be in the position of delivering the report, the public officer should meet at least

INTRODUCTION These guidance notes have been compiled to guide beneficiaries of grants from the Education, Audiovisual and Culture Executive Agency – EACEA (hereafter the Agency) and external auditors in the preparation of the Report of Factual Findings on the Final Financial Report – Type II. The objective of these guidance notes is to give an overview of the requirements and