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Master Financial Management of European projects

Master Financial Management of European projects

EUROPEAN ACADEMY for Education and Social Research

Brussels, Belgium

Stress free management practices and dealing successfully with auditing by the European Commission

A competent financial manager of European funded projects will never be jobless since more than 140 billion EUR should be managed properly every year by following the ENA rule. They need to be Economic, Necessary and Actual.

However, acceptance of your financial reports by the funding authority or an auditing firm is not enough. Your project can be audited by EC services and its agencies from 3 to 5 years after its last payment and EC audits have been tripled since 2007. EC auditing identifies errors to 87% of audited beneficiaries that lead to rejection of claimed costs in their financial statement that have been approved initially by the funding authority and its financial officer.

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