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<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">Dear
Colleague, </font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">As you are probably aware of, beneficiaries of H2020 projects as well as subcontractors are subject to Audits and Checks from the Commissions Internal Audit Service unit, the European Court of Auditors and OLAF for up to five years after their projects' completion. </font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">Working with numerous projects, we have noticed that often beneficiaries are unprepared to deal with an unexpected inspection when receiving a Letter of Announcement and we have repeatedly observed totally preventable mistakes to cause administrative and financial penalties.</font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">In European Academy we worked with former Auditors of the European Commission to develop the course on "<a style="color: rgb(38, 54, 126);" href="https://www.europeanacademy.com/financial-administration-auditing-preparation-for-ec-funded-projects/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q4-announcement" target="_blank">Financial
Administration & Auditing Preparation for E.C. Funded Projects</a>" to specifically address the needs of project managers, accountants, financial officers, controllers and anyone else who on a daily basis has to document and keep detailed information on how they spend public European money. </font></p>
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<font color="#26367e"><u><strong>Short Course Agenda:</strong></u></font><br><br>
<i><font color="#26367e"><strong><u>Day 1</u></strong><br>
<strong>Legal Framework behind the H2020 Financial Framework and changes under the new programming period 2021-2027 Horizon Europe</strong><br>
The EC Financial Regulation legal basis for EU funding, principles, management modes, control standards for a Sound Financial and Control Management system<br>
The H2020 Budget and Multiannual Work Programmes<br>
Horizon Europe 2021-2027 how it steps on H2020 and how it differs (rules, reimbursement rates)<br>
Participation in the Guarantee Fund the EC risk reserve tool<br>
The Grant Agreement and its Annexes what the Commission wants from beneficiaries and what it awards them<br><br>
<strong>Eligibility of costs subject to reimbursement</strong><br>
Common principles of eligibility<br>
Direct vs. Indirect costs<br>
Keeping records<br>
Actual vs Unit costs accounting<br><br>
<strong>Direct costs Personnel costs</strong><br>
Productive hours and hourly rate<br>
Supplementary contracts<br>
Unit costs (SME owners and Natural persons)<br><br>
<strong><u>Day 2</u></strong><br>
<strong>Direct costs</strong><br>
Subcontracting and Implementing contracts<br>
Financial support to Third Parties<br>
Travel and subsistence allowances<br>
Other direct costs<br>
-Equipment<br>
-Administrative costs<br>
-Non-recoverable VAT<br><br>
<strong>Indirect costs</strong><br>
General rules<br>
Flat rate<br>
Ineligible costs identify and avoid errors from claiming them<br>
How to treat Income from H2020 project?<br>
EC Audits and conditions for final payment<br>
Examples and questions
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<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">The upcoming scheduled dates for the course <a style="color: rgb(38, 54, 126);" href="https://www.europeanacademy.com/financial-administration-auditing-preparation-for-ec-funded-projects/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q4-announcement" target="_blank">Financial Administration & Auditing Preparation for E.C. Funded Projects</a>" are as follows: </font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">> 2-3 December 2021 Online - <font size="1"><strong>LIMITED SEATS</strong></font></font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">> 13-14 January 2022 Online</font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">> 10-11 February 2022 Online</font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">> 10-11 March 2022 Online</font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">> 21-22 April 2022 Online</font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">> 28-29 April 2022 In-Class Brussels</font></p>
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<a href="https://www.europeanacademy.com/13-14-jan-2022-online/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q4-announcement">13-14 January 2022 Online</a></font></p>-->
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><font face="Arial, Helvetica, sans-serif">As all our courses have currently limited
availability, should you wish to participate in any of these sessions, or any
other of our <a style="color: rgb(38, 54, 126);" href="https://www.europeanacademy.com/upcoming_courses/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q4-announcement" target="_blank">Upcoming
Courses</a>, reserve your seat at your earliest convenience or come back to me
and I will be more than happy to prepare your enrolment.<span style="mso-spacerun: yes;"> </span></font></p>
<p style="margin: 0px 0px 0.14in; padding: 0px; text-align: left; text-size-adjust: 100%;"><span style="mso-spacerun: yes;"><font face="Arial, Helvetica, sans-serif">For any
further information or details, please feel free to contact
me.</font></span></p><font face="Times New Roman"><font face="Calibri">
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<p><font face="Calibri"><font face="Arial, Helvetica, sans-serif">Kind regards,</font> </font></p>
<p><font face="Calibri"><font face="Arial, Helvetica, sans-serif">Camille
</font></font></p>
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<td style="color: rgb(60, 60, 59); padding-bottom: 5px; font-family: Times New Roman, serif; font-size: 10pt;"><span style="color: rgb(60, 60, 59); font-family: Times New Roman, serif;"><font face="Arial">Camille Herbert</font></span></td></tr>
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<td style="color: rgb(60, 60, 59); padding-bottom: 5px; font-family: Arial,sans-serif; font-size: 10pt;"><span style="color: rgb(60, 60, 59); font-family: Times New Roman, serif;"><strong>Training
Communication</strong></span></td></tr>
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<td style="color: rgb(60, 60, 59); padding-bottom: 1px; font-family: Times New Roman, serif; font-size: 9pt;"><span style="color: rgb(60, 60, 59); font-family: Times New Roman, serif;"><strong>T:
</strong>+32 800 822 40</span></td></tr>
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<td style="color: rgb(60, 60, 59); padding-bottom: 1px; font-family: Times New Roman, serif; font-size: 9pt;"><span style="color: rgb(60, 60, 59); font-family: Times New Roman, serif;"><span style="font-weight: bold;">E:
</span>camille.herbert@europeanacademy.com</span> <span><a href="https://www.europeanacademy.com/?utm_source=2021-mailer&utm_medium=email&utm_campaign=Q4-announcement" target="_blank"><span style="color: rgb(36, 60, 132); font-family: Times New Roman, serif;">www.europeanacademy.com</span></a></span>
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Rond Point Schuman, 1040, Brussels,
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