The primary responsibility for rightful spending of the European Funds and for prevention as well as for detection of irregularities rests with the programme management. In order to discourage fraud activities, programme manager and auditors must conduct a combination of joint efforts. In particular, they need to be alert with regard to fraud in the procedure of granting the finances to the beneficiaries.Important questions are: • How to differentiate fraud from irregularity? • What is the most effective approach to combat fraud in the area of Cohesion policy? • How to prepare an exhaustive fraud audit strategy?• What it the right procedure for reporting irregularities and fraud? • What are the implications in case of fraud? This European Seminar focuses on how to develop an efficient fraud audit strategy and how to monitor and control to prevent fraud in EU funded projects. It examines the possibilities for strengthening the management and control systems for fraud prevention and provides guidance on how to understand the indicators and to proceed in case of fraud detection.