Annual audit opinion for EU indirect management contracts

The British Council has been positively pillar assessed by the EU in 2011, meaning that the European Commission (EC) can work with us via indirect management mode - 5 pillars were assessed: internal control; accounting; independent external audit; grants; procurement. "Indirect management" means that the EC can entrust the implementation of the Union funds to certain entities who meet the criteria defined in the Financial Regulation (FR). Each year, the British Council provides the EU with an annual audit opinion w...