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Q: ERC - Are audit fees direct eligible costs?
A: Yes, In case the audit is outsourced/subcontracted, the costs are excluded from the calculation of the 20% indirect costs. Any indirect costs incurred by the auditor are already reimbursed as part of the fees for the audit subcontract. If a Certificate on Financial Statements (CFS) is not (yet) required (i.e. when the costs claimed are below EUR 375 000) the costs for employing auditors cannot be claimed to the ERC grant. More information can be found in page 67 of the FP7 Guide to Financial Issues.
For further information please see : FP7 Guide to Financial Issues
Category : ERC - Cost Management for Grants ( Financial statements )