EU FINANCIAL REGULATION

Keith Nuthall
ACCOUNTING procedures within the European Commission are to be speeded up and made tougher, with ministers and MEP's being asked to approve a new package of reforms to Brussels 'Financial Regulation.'

This is the rule-book that governs the Commission's accounting practices, and which has been under review since 1999.

In its latest formal proposals for change, the Commission has suggested:

*Establishing a formal deadline of March 31 for the presentation of annual accounts, compared with May 1, at present. The idea is to ...


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