1. Audit & Compliance Special Interest Group
14:00
6 June 2017

2. Introductions
Charles Shannon - Compliance Advisor, EMBL; Director, Research Grants Consultancy Services & SIG Champion
Ellen Thompson – Senior Grant Audit Manager, LEES Accountants & SIG Co-champion
Jonathan Gray – Grant Audit Manager, LEES Accountants
Panel Members
Gareth MacDonald – RCUK
Roger Blake - Wellcome Trust

3. Horizon:2020 Update MGA and AMGA regular updates
Monthly hourly rates and contracted hours
HR Records
Supporting Evidence for Travel
Low-cost equipment and asset usage evidence
Internally invoiced costs and audit evidence

4. InnovateUK Update Recoverable VAT clarification
New directive on defrayal in final quarter
Apprenticeship levy?
Overheads proportional to DI staff costs incurred

5. US Federal Funds Update
First audits under Uniform Guidance
Clarification on audit requirements for foreign organisations
Subrecipient Risk Assessment and monitoring
Input VAT now eligible on NIH

6. DISCUSSION