On 1 March 2025, the European Commission released an updated version (Version 3) of the Certificate on the Financial Statements (CFS) template – a crucial document for the financial reporting and audit process in EU-funded projects.
The updated CFS template applies to all projects under the 2021–2027 Multiannual Financial Framework where a certificate is required, and reflects recent changes in audit procedures, cost declaration, and eligibility criteria under the new EU Financial Regulation 2024/2509.
Why this update matters:
It aligns with the latest Annotated Grant Agreement (AGA V2.0) published in April 2025
It incorporates clarified reporting standards for actual and unit costs
It introduces updated formats and mandatory disclosures to improve audit reliability
It affects all projects exceeding the financial thresholds that require a CFS (typically >€325,000)
This new version is already applicable and will be mandatory for certificates issued from Spring 2025 onward, regardless of the original template used in previous reporting periods.
Access the new CFS template directly from the EU Funding & Tenders Portal
(Search under: Reference Documents > Model Grant Agreement > Certificate on the Financial Statements)
Stay Compliant – Learn How to Apply the New CFS in Our Upcoming Course
Our updated training “Financial Administration & Auditing Preparation for EC Funded Projects” now includes a dedicated section on the new CFS template, with practical advice on:
✔ When and how to request a CFS
✔ How to work with auditors to avoid rejections
✔ How to ensure cost categories match reporting rules
✔ Navigating the audit trail requirements introduced in the new version
Our Training Course Now Fully Updated
Our flagship course, “Financial Administration & Auditing Preparation for EC Funded Projects”, has been fully revised to reflect not only the changes in the AGA V2.0, but also the latest updates to the CFS template (Version 3).
This hands-on training offers:
✅ Expert interpretation of the latest rules
✅ Practical application through real-life scenarios
✅ Full alignment with the new obligations introduced by the 2025 updates
✅ Dedicated focus on how to prepare for audits and CFS requirements
This course is essential for anyone involved in the financial and administrative management of EU-funded actions – from accountants and controllers to project leaders and auditors.
Find our more about the course here!
Whether you’re preparing your final report or supporting auditors, the new CFS template will shape how your project is financially evaluated.
Get ready – and get trained.
