Understanding First Level Controls

First level controls are a fundamental aspect of EC grant agreements, necessitating audits, cost verifications, or reviews during specified reporting periods. These controls are mandated when the actual cost and unit cost (considering or not the flat rate - depending on the programe) exceeds predefined thresholds. For instance, Horizon 2020 sets a threshold at 325,000 euros, DG DEVCO at 100,000 euros, and LIFE at varying thresholds such as 300,000 or 750,000 euros, while Horizon Europe 430,000 euros. Ensuring adherence to these controls is essential for maintaining transparency and accountability in the utilization of grant funds.

Our Accredited Audit Services

Recognizing the intricate nature of first level controls, we are proud to be accredited to offer a comprehensive suite of audit services tailored to meet the diverse needs of EC grant beneficiaries. Our services encompass financial audits, systems audits, compliance audits, and pillar assessments of international organizations or public bodies. We also specialize in audit-related services such as cost verifications, Certificate on Financial Statements (Horizon 2020 CFS, Horizon Europe CFS or other European Funds CFS), and verification missions of contribution agreements managed by international organizations.

Tailored Solutions for All

Our commitment to excellence extends to all types of EC grant contracts, contracting authorities, and beneficiaries. Whether you are a coordinator, lead partner, participant, beneficiary, third party, or partner, our services are designed to address the unique challenges associated with your role. We understand the varied dynamics of EU-funded projects and provide tailored solutions to ensure compliance and enhance the overall success of your initiatives.

A Comprehensive Approach

Our expertise goes beyond the mere fulfillment of regulatory requirements. We adopt a holistic approach to audits, offering specific agreed-upon procedures under the International Standard of Related Services (ISRS) 4400. This ensures that our clients receive not only compliance assurance but also valuable insights into the efficiency and effectiveness of their financial management systems.