For privacy reasons X needs your permission to be loaded. For more details, please see our Privacy Policy.
I Accept

About the Author: Paula Morán

Financial Manager - Paula owns a Double Degree in Law and Business Administration by the University Carlos III of Madrid (ES) and a master’s degree in international business management by ICEX-CECO and UIMP (ES). She has a great international business vision that she’s developed through her Erasmus scholarship in the University College Dublin (IRL) and her job in the Commercial Office of the Spanish Embassy in Zagreb (HR).

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

Previous posts


Do you have an innovative idea for a project? Are your looking for project management support? Do you need a Dissemination and Communication Partner?