Auditor's Role in the Use of European Structural Funds

Structural Funds audit is a requirement in the contract for financing the project and provides a range of activities such as: • analyze and verify the nature, legality and regularity of expenditure; verify the use of amounts received as advance; • auditing of third parties, dealing specially designated expense accounts and budget project • project monitoring income (including advances received from finance, interest on advances and other income generated by the project) etc. The objective of the mission is that the auditor agreed upon procedures apply audit procedures agreed upon nature auditor and the entity and any third party, and then to report the findings. The audit report should describe the purpose and procedures in sufficient detail for the interested parties to understand the nature and extent of the work performed. The report is restricted to those parties that have agreed to the procedures to be performed.