ANTI-FRAUD COMMISSIONER BLAMES MEMBER STATES FOR FAULTY ACCOUNTS – PO 433702
November 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Union's (EU) anti-fraud Commissioner has blamed member states for the EU accounts again being declared faulty by the Court of Auditors, the union's financial watchdog. The court concluded in its assessment of the 2010 accounts that while they "present fairly the financial position of the European Union...the payments underlying these accounts were still affected by material error, with an estimated error rate of 3.7% for the EUR122.2 billion of EU spending." This involved "breaches of public procurement rules, ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.