The Auditor recalculated the depreciation costs and verified that they were in line with 37) the There was a link applicable rules in the Beneficiary’s country and with the Beneficiary’s usual accounting between policy the grant (e.g. depreciation calculated on the acquisition value). agreement and the asset charged to the The Auditor verified that no ineligible costs such as deductible VAT, exchange rate losses, action. excessive or reckless expenditure were declared. 38) The asset charged to the action was traceable to the accounting records and the underlying documents. 39) The depreciation method used to charge the asset to the action was in line with the applicable rules of the Beneficiary's country and the Beneficiary's usual accounting policy. Additionally, if applicable, the asset was written off in accordance with the international accounting standards and international
The Auditor recalculated the depreciation costs and verified that they were in line with the applicable rules in the Beneficiary’s country and with the Beneficiary’s usual accounting policy (e.g. depreciation calculated on the acquisition value). The Auditor verified that no ineligible costs such as deductible VAT, exchange rate losses, excessive or reckless expenditure were declared. 37) There was a link between the grant agreement and the asset charged to the action. 38) The asset charged to the action was traceable to the accounting records and the underlying documents. 39) The depreciation method used to charge the asset to the action was in line with the applicable rules of the Beneficiary's country and the Beneficiary's usual accounting policy. Additionally, if applicable, the asset was written off in accordance with the international accounting standards and international
annex_vi_to_mono-beneficiary_grant_agreement.docx