Accessing EU funds brings significant opportunities but also strict audit and reporting obligations. Beneficiaries must demonstrate proper use of funding through independent audits performed by CAFR-authorized auditors.
The Geseidl Audit team, with CAFR Rating A since 2011, provides complete audit services for EU-funded projects — from planning to the final report.
Types of audit required for EU funds
Depending on the funding program and project value, beneficiaries may be subject to several types of verifications: financial audit, compliance audit, on-site checks, and system audit.
- Financial audit — verification of eligible expenses and supporting documents
- Compliance audit — adherence to European and national regulations
- On-site verification — physical inspection of completed investments
- System audit — evaluation of internal project management procedures
Documents required for audit
Audit preparation requires complete organization of project documentation. A single missing document can lead to financial corrections or fund recovery.
- Financing contract and all addendums
- Public / direct procurement file
- Invoices, supplier contracts, and payment proofs
- Reception reports and progress reports
- Accounting documents: registers, balances, journals
- Correspondence with the Managing Authority
Why Geseidl for EU funds audit
- CAFR Rating A since 2011 — highest quality level
- Experience with POCU, NRRP, POC, NRDP projects
- Team of authorized auditors specializing in EU funds
- Complete assistance: from audit preparation to final report
Need professional EU funds audit? The Geseidl Consulting Group team, CECCAR Prahova leader for 18 consecutive years, is ready to help. Discover our services or contact us for a free consultation.
Geseidl Consulting Group
CECCAR #1 Prahova · CAFR Rating A · ANEVAR · CCF #233 · ISO 9001:2015
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