20 April 2015 — Consultation Response
FEE has issued an Information Paper to help get professional accountants involved in certification services for the new EU research and innovation programme Horizon 2020. This programme replaces the previous FP7 and has a budget of nearly €80 billion that can fund innovative businesses via loans, guarantees and risk capital. The European Commission requires a qualified external auditor to certify the financial statements of these companies if their Horizon 2020 funding exceeds €325.000. European professional accountants are well qualified to provides this service; the FEE Information Paper helps them taking up this opportunity.