The types of projects audited include:
- Service contracts – verification of inputs to supporting documentation such as timesheets, invoices, reports, etc.
- Supply contracts – verification that correct procurement procedures adopted, delivery and acceptance of goods, original of goods, payments documentation and invoices.
- Works contracts – verification of procurements procedures, stage payments, completion and hand over, payments documentation and invoices.
- Grant contracts – verification of use of funds, payments, invoices and co-financing requirements.
- Counterpart Funds (Revolving funds) – verification of constitution of funds, uses of funds, accounting and reporting.
- Special funds – verification of use of dedicated funds, procurement procedures, invoices and payments.
All audits carried out for the European Commission are performed in accordance with International Standards on Auditing. In addition we carry out the audit of companies and non-profit organisations that prepare their accounts in accordance with International Accounting Standards.
As a complement to the experience of Lubbock Fine, the Russell Bedford International network provides worldwide representation and experience. In Europe the network has members in 27 EU member states, which can be used to provide expert knowledge and services for the implementation of European specific assignments. In addition, Lubbock Fine and Russell Bedford have associations with firms in all of the other European Union countries. On a global basis, the network members in the Americas and Asia and Pacific offer considerable expertise in developed and developing countries. These members also provide experience not only of their own countries but also of neighbouring developing countries.
If you would like to know more about our work in this area, please email Laurence Newman or Rohit Majithia.
laurencenewman@lubbockfine.co.uk
rohitmajithia@lubbockfine.co.uk
Tel: +44 (0)20 7490 7766
