One of the conditions for the correct accounting of financial support obtained under EU programs is the audit, the aim of which is to issue an opinion that the expenses incurred under the project are eligible, and that the project complies with the agreement and the request for funds.
The audit of EU funds is conducted in accordance with:
- the Guidelines of Managing Authorities and the guidelines of the European Commission issued for specific Programs
- International Standards on Assurance Engagements issued by the International Auditing and Assurance Standards Board (IAASB)
- Applicable National Auditing Standards