ACCOUNTING REFORM DOUBTS

Keith NuthallSerious doubts have been expressed over the European Commission'sability to meet its 2005 deadline for the reform of its accounting system.In a letter sent on July 2nd to commissioners Michaele Schreyer, who is incharge of the Euro 79 billion budget, and Neil Kinnock, who handlesinternal administration, the commission's internal auditor Jules Muis saidthe proposed timetable was "not achievable."In a subsequent appearance before the budgetary control committeeof the European Parliament last week Mr Muis said it was "dangerous" thatall the reform ...


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