The Simulation of a Financial Audit is a service that allows you to face the experience of an audit, without however running the risk of enduring the possible financial consequences that a real audit conducted by European Commission auditors would have.
The final output of the service is a Final Audit Simulation Report which allows you to be aware of the errors committed, and to be able to implement corrective measures in the Financial Statements already submitted (in the framework of a project still in progress), and in future ones.
Nonetheless, one of the most valuable benefits of this service is the possibility of avoiding the “panic effect”, typical of organizations that undergo an EC audit for the first time. Knowing the entire work cycle of an Audit allows you to implement a preparation strategy for the eventuality that an audit is actually ordered on the Organization, being able to prepare in advance the information that will be requested before and during the visit of the auditors.
This service has also demonstrated – in practice – to produce important beneficial effects on the overall grant management methods by the beneficiary organizations.