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 ?
The audit will focus on fraud prevention and fraud response and will include contributions from NGOs, academics and prosecutors, as well as Europol and Eurojust, the press office of the European Court of Auditors said.
The European Court of Auditors is the fifth institution of the EU and is a professional external investigatory audit agency and thus is an independent auditing system.
The European Court of Auditors said that such a scheme is not able to be done in the EU without interference from competition.
THE European Court of Auditors has refused to sign off the books of the EU for the past 13 years because of suspicions of widespread fraud and mismanagement.
I NOTE that the European Court of Auditors has, for the 14th year in succession, refused to certify the European Union budget.
Now we find that the European Court of Auditors shares our concerns and has asked for a halt to the abuses.
Lastly, as in Sweden, agencies could be rated on a number of criteria by the European Court of Auditors to determine their performance level.
There is growing speculation that Mr Brennan may be appointed Irish representative at the European Court of Auditors, a position recently occupied by former Justice Minister Maire Geoghegan-Quinn.
Summary: On the fringes of the European Parliament's plenary session in Strasbourg on November 17, Bernhard Friedmann, the President of the European Court of Auditors, presented the Court's Annual Report for the 1997 financial year, one of the most favourable texts the EU's financial watchdog has ever been in a position to publish.
He is the author of several publications on EU Finances, the European Court of Auditors and the European Court of Justice.
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.
BRUSSELS, Feb 7 (KUNA) -- The EU has played a leading role in supporting development priorities in Myanmar and allocated significant funding to the country, according to a new report released Wednesday by the European Court of Auditors released Wednesday.

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