Amendment to Regulation (EU) No 480/2014 on financial instruments, simplified cost options, audit trail, scope and content of audits of operations and methodology for the selection of the sample of operations and Annex III

This procedure updates existing rules for managing EU funds, specifically focusing on financial instruments, cost options, and audit procedures. It aims to improve clarity and efficiency in how these funds are audited and implemented.

The changes affect how investment funds operate within various EU programmes, including rural development, cohesion policy, and social funds. This ensures better oversight and correct application of financial resources.