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Q: ERC - Does an auditor located in a non-EU country have to follow the template of the Certificate on Financial Statements (CFS) concerning the explanation of his/her qualifications?
A: Yes, it is a binding contractual obligation. If an audit firm justifies its qualifications by referring to national regulations equivalent to EU rules in a non-EU country such qualifications can be accepted by the ERCEA. ERCEA will assess each case individually upon request by the Host Institution
Category : ERC - Cost Management for Grants ( Financial statements )