The project coordinator is responsible for collecting and reviewing all financial documents prepared by the project partners and for producing an overall financial document for submission to EACEA. The compliance with the relevant regulations is double-checked by an external financial auditor in order to maintain and ensure the quality of the financial report of the consortium. As the final financial audit is obligatory to verify the financial status after the end of the project, an intermediate audit during the project period is recommend to identify potential shortcomings and deficiencies that could have been addressed during the project period.
