According to the Guidelines for Grant Applicants, for the project which grant exceeds 500 000 EUR the external audit report produced by an approved auditor, certifying the applicant’s accounts for last financial year (if available), is necessary. The Applicant is public establishment “Tourism information centre”, established by the District Municipality. Could the audit be done by the auditor assigned by the District Municipality? Will such supporting document be eligible document to the application or we should hire another external auditor (independent)?
External audit report certifying the applicant’s accounts for the last financial year should be produced by independent approved auditor. If such auditor is assigned by the District Municipality which is your main founder (shareholder) and your organization is directly responsible for its activities to the municipality then the external audit could be performed by the approved auditor assigned by the municipality. The main point is that such auditor shall be independent from your organization (has no relations or private interests to your organization). Please note that such external audit report is not requested from public bodies and international organizations.
