COURT OF AUDITORS AGAIN REFUSES POSITIVE ASSURANCE ON EU BUDGET
September 1st, 2006
BY KEITH NUTHALL and DAVID HAWORTH, in Brussels
THE EUROPEAN Union's (EU) financial watchdog, the Court of Auditors, has for the 12th year running refused to give EU accounts a complete positive assurance. The court said much EU spending in 2005 had not involved proper invoices, correctly paid bills and the selection of best value suppliers. Indeed, using random sampling methods, it found errors, from delayed payments and incomplete documentation to outright fraud in transactions affecting 66% of the Euro 115 billion EU budget. However overstated assets were ...
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.