The European Commission (EC) has published the methodology for the audit of financial instruments (FI) in the 2021-2027 programming period (the 2021-2027 audit methodology). The approach in the 2021-2027 audit methodology reflects the requirements of the Common Provisions Regulation 2021/1060 (CPR), in particular:

This document presents the audit methodology for the audit of EU shared management funds’ financial instruments under the 2021-2027 programming period. The audit work is detailed in the checklist in the Annex to this audit methodology. The document describes the overall audit approach of the Commission services to carrying out system audits and audits of financial instrument operations, in accordance with the applicable rules and internationally accepted audit standards.