Designed to make the process run smoothly for everyone, it sets out a 'to do' list for grant-funding organisations, grant receiving bodies, the Wales Audit Office, and auditors alike.
The Auditor General is keen to promote a better understanding of the roles and requirements of all parties involved in the certification of claims and returns.
The new Statement of Responsibilities replaces the previous version from 2005 with immediate effect.
The responsibilities of grant-paying bodies and recipients are largely unchanged. But, considerable changes have been made to the specific responsibilities of the Wales Audit Office and audit teams.
The Auditor General aims to provide the most appropriate level of assurance for grant funders and recipients, while generating added value for the people of Wales and reducing costs.
To read the full Statement of Responsibilities, click here.