Akkredit Könyvvizsgáló és Adótanácsadó Kft.

When using Hungarian or European Union funding, it is not enough for a cost to have actually been incurred: it must also be eligible under the funding conditions, properly documented, and traceable in the beneficiary’s records. Certain grant schemes therefore require an independent audit, expenditure verification, or an auditor’s certification related to financial statements. Within the EU funding framework, the purpose of such reviews is to provide assurance that the reported costs are compliant and meet the conditions of the grant agreement.

Our audit work is based on the requirements of the grant agreement or application documentation. We examine the accounting records and supporting documents for reported expenditure, financial settlement, the relationship of costs to the project and their eligibility, as well as, where necessary, the related contracts, employment documentation, and other supporting records. European Commission audit practice also emphasizes the audit trail between accounting records and underlying documents, as well as verification that reported costs were actually incurred, are accurate, and are eligible.

In its reviews of grant-funded projects, Akkredit Kft. focuses on identifying issues in a timely manner and ensuring clear, complete documentation. A properly prepared audit reduces the risk that deficiencies in financial reporting or documentation only come to light at the end of the project. The service can be tailored to both Hungarian and EU-funded projects, always based on the specific funding scheme and the audit requirements applicable to the engagement.