Grant audit

Do you award grant funding or are you in receipt of grant funding? In today’s regulated grant funding market, challenges exist for both funders and grant recipients in respect of accuracy of costs, reliability of grant audit systems, compliance with terms and conditions of grant awards and overall grant governance.

At Mazars, we provide a range of grant audit services to both grand award bodies and grant recipients in the higher education, science, research and development, peace and reconciliation, health, transport and other sectors as follows:

Transaction audits
System audit
Compliance audits including EU compliance
Risk assessments of grant schemes
H2020 and FP7 audits
Article 4, 10 and 13 audits

Our dedicated grant audit team in the corporate assurance services department have vast experience in the provision of grant audit and assurance. We provide a tailored risk based grant audit approach on all assignments which support our clients at each stage of the grant award cycle.

Audit & assurance news

Beyond the GAAP no.176 - April 2023

Less than six months after launching the standard-setting project, the IASB seems well on the way to finalising the amendments to IAS 12 that will introduce a temporary exception to the recognition of deferred taxes resulting from the implementation of the OECD Pillar Two rules. The IASB acknowledged the timely and helpful feedback from stakeholders on its proposed amendments and, at the end of...

Beyond the GAAP no.175 - March 2023

With the first requirements of the Corporate Sustainability Reporting Directive (CSRD) coming into effect from 1 January 2024, some questions have arisen in the short term regarding the content of the European Sustainability Reporting Standards (ESRS) that companies must apply in this context. The European Commission (EC) has recently stated that it plans to reduce the reporting burden on...

Enforcement to drive corporate compliance

Enforcement against non-compliant companies will be a key focus for 2023, according to a recent article in the Business Post by Mazars director of Corporate Secretarial & Governance Services, Sarah Colfer.