European Funds and State Aids

Audit of EU funds, State Aids

The projects funded through non-reimbursable financing, either from European Union funds or from Government grants, must comply with the applicable legislation in order to ensure the eligibility of the related declared costs. This can be achieved through a rigorous financial project management and through audits designed to specifically address the areas of risks on your projects. It is crucial that a thorough analysis is performed on a timely basis on the costs to be declared to the grantors, in order to avoid the risks of ineligibility.   

Our PwC Romania EU Funds team can offer professional audit and consulting services tailored to your particular needs, both private and public sectors.

The projects funded by the European Commission through the different programmes, either national or international, require in-depth expertise from auditors. At PwC Romania we have a dedicated team with more than 10 years of experience in auditing EU funded projects, support you every step of the way during the lifecycle of your project:

  • by assisting you in the interpretation of the legislative requirements in terms of project costs’ eligibility;
  • by providing financial project management;
  • or by performing on-going or final audits designed to identify possible errors in due time.

Our services are tailored to our clients’ particular needs.

Our area of expertise include programmes such as:

  • European structural and investment funds:
    • European Regional Development Fund (ERDF);
    • European territorial cooperation programmes (Cross border cooperation, Interreg);
    • European Social Fund (ESF);
    • European Agricultural Fund for Rural Development.
  • Programmes financed directly by the European Commission:
    • Research and innovation – Horizon 2020;
    • Eurostat.
  • The EEA/Norwegian Financial Mechanism
0102030504European Social FundAudit of different projects developed by private and public entities under the Human Capital Operational Program01European Regional Development FundVerification of the eligible costs for projects performed under the Competitiveness Operational Program02European Agricultural Fund for Rural DevelopmentAudit of costs incurred by different beneficiaries on their projects financed through EARDF03Trainings on the ESI funds verificationVarious trainings focused verification the project track from financial point of view and verification of eligibility criteria04Territorial cooperation programmesAudits of projects financed through Interreg and Cross Border Cooperation05

For the grants Beneficiaries, the focus should be on the full compliance with the relevant guidelines and standards when planning and executing the financed project. This involve a rigorous analysis whether the disbursements were made in accordance with the agreements, regulations and arrangements between the donor and the recipient of funds, and whether the expenditures can be aligned with the corresponding documents.

PwC Romania acquired significant experience in the field of State Aids funded by different national schemes:

  • Investment projects financed by the Romanian Finance Ministry (e.g. GD 807/2014; GD 1680/2008, etc.);
  • Cinematographic Industry;
  • Other grants.  

How can we help:

  • We can provide assistance with preparing the reimbursement requests for meeting the legal requirements;
  • We can help you with managing the aid you receive, and with successfully carrying out the project in compliance with all conditions and regulations;
  • We can provide you with our assistance with audits and reports regarding eligible expenditures and activities.

Contact us

Monica Movileanu

Monica Movileanu

Partner, Capital Markets and Accounting Advisory Services, Assurance, Romania

Iuliana Teletin

Iuliana Teletin

Director, Capital Markets and Accounting Advisory Services, Romania

Nicoleta Grigorescu

Nicoleta Grigorescu

Manager, Capital Markets and Accounting Advisory Services, Romania

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