European Court of Auditors

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European Court of Auditors

formerly, the Court of Auditors set up under the Merger Treaty, an institution of the European Union since the 1992 Treaty on European Union. Presently it is composed of 25 members appointed for six years by unanimous decision of the Council of the European Union after consulting the European Parliament and must include a national from each Member State. It checks European Union revenue and expenditure for legality and regularity and ensures that financial management is sound. It has the power to report any irregularities to the European Parliament and the Council, and its audit responsibilities have been extended to Community funds managed by outside bodies and by the European Investment Bank.
References in periodicals archive ?
EU financial assistance for Turkey, which aims to help align the country with EU laws, has had only a limited effect, according to a new report from the European Court of Auditors.
From 2018 onwards, the Commission should better target funding for Turkey in areas where reforms are overdue and necessary for credible progress towards EU accession," said Bettina Jakobsen, the Member of the European Court of Auditors responsible for the report.
Chairing on Thursday the celebration of the 50th anniversary of the Court of Auditors on the theme: "Role of Higher Audit Authorities in Reinforcement of Good Governance," Chahed indicated that "the government's current priority is to establish transparency and reinforce accountability and good governance as pillars of anti-corruption fight.
Summary: At a press conference held on Thursday (June 29) in Tunis, the Court of Auditors presented its 30th annual report, consisting of 27 chapters, including the results of monitoring missions
TWO letters have alluded to the claim, heard frequently during the Leave campaign, that the EU is so useless or corrupt that the European Court of Auditors has not signed off its accounts for 20 years.
TWO letters last week alluded to the claim, heard frequently during the Leave campaign, the EU is so useless or corrupt that the European Court of Auditors has not signed off its accounts for 20 years.
In its response to criticism expressed by the EU Court of Auditors (ECA) over the weaknesses of the monitoring and evaluation system of the current rural development spending (2007-2013), the European Commission pointed out that it is too early to assess the results and impact of such multiannual programmes.
The European Commission and the member states have not managed efficiently or effectively the EU measure aimed at improving the economic value of forests, states the EU Court of Auditors in a critical report, published on 19 September(1).
The EU Court of Auditors (ECA) has dealt another blow to Structural Fund investments in the EU.
Bulgarian EPP group MPP Iliana Ivanova is set to join the European Court of Auditors, as her nomination was endorsed by the European Parliament on Wednesday.
We expressly welcome the demand of the Federal Court of Auditors for a more direct involvement of parliament and will consult about this intensively when the ESM is installed," CDU parliamentary budget expert Norbert Barthle told Reuters.
The Irish representative on the European Court of Auditors said there is "no precedent" for such a charge.