Just as with Horizon 2020, cost calculation in Horizon Europe, as well as cost documentation, needs to be checked by an external auditor who will provide a Certificate on the Financial Statements (CFS).

However, it is important to highlight that the EC still has the final decision on the eligibility of the costs, regardless of the CFS.

A CFS given by a certified auditor must be provided if the amount of the EU grant per beneficiary reaches or exceeds a certain amount. The CFS expenditures qualify as “other direct costs,” hence they must be budgeted during the proposal phase.

This article has been prepared by Paula Morán, Innovarum´s Financial Project Manager

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Home » Updates on the Certificate on the Financial Statements (CFS) in Horizon Europe


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