Guidance Notes for Beneficiaries and Auditors: update

“At the request of the unit in charge of audit and certification matters, we would like to draw your attention to the fact that an updated version of the “Guidance Notes for Beneficiaries and Auditors on certificates issues by external auditors” (version as of 1st July 2010) is now published on CORDIS under Guidance Documents.

This is the update of the Guidance Notes for Beneficiaries and Auditors published on 3 September 2009 which takes into account the following modifications and new developments:

– the validity of the Certificates on the methodology (Part I-5.2.2 and Part I-5.3.1)

– the particu case of average personnel costing methodologies for physical persons and SME owners who do not receive a salary (Part I – 5.3.4)

– additional information and clarification on time-recording requirements (Part I – 6.4.1)

– the correction of the procedure regarding exchange rates for Certificates on the Financial Statements (Part II – 6.4.5)

– other minor additional information and explanations as well as rewording further to questions raised through the Research Enquiry Service.”

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