Financial reports are an important aspect of project funder reports. Grant providers generally require an auditor’s report. This is the opinion of an external auditor on the financial statement for a project.
Role of the Audit and Internal Control Service
The Audit and Internal Control Service (AIC) verifies whether a project file the documents required by an external auditor to conduct the audit in a prompt and fitting manner. Project administrators are responsible for ensuring the project documentation is correct and complete and must submit project files to AIC for verification in good time.
Points for improvement following the AIC’s control are immediately passed on to the responsible unit. An external auditor is only brought in when the file is complete.
Guidelines for project management
The Project Management Guidelines (in Dutch) have been developed for project managers at Leiden University. They provide information on financial and administrative statements and reports on projects that are funded by external parties, and state which requirements project files must meet.