EU FINANCIAL REGULATION

Keith NuthallACCOUNTING 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 allow EU watchdog, the Court of ...


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