EMA ACCOUNTS IN ORDER: EUROPEAN COURT OF AUDITORS
August 1st, 2014
THE LONDON-based European Medicines Agency (EMA) has satisfied the European Court of Auditors (ECA) that its accounts for 2012 are in order following a number of criticisms voiced by the court last year. Among other things, the EMA pledged to improve transparency in its tender procedures (though it did not accept the ECA’s criticism that the principle had been breached). It said it would review its accounting policy on recognising fee revenue and associated expenditure to ensure compliance with the principles laid down by the ECA, although it noted that the ...
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