PUBLIC PROCUREMENT COULD BE NEW EU FORENSIC AUDITING TARGET
November 2nd, 2013
THE EUROPEAN Union’s (EU) anti-fraud office OLAF could have opened the way to a new focus of EU forensic accounting, unveiled a study that claimed in 2010 alone, between Euro EUR1.4 and 2.7 billion was lost to corruption in public procurement tenders within just five sectors in eight EU member states.Drawing on data associated with contracts involving EU and national government funds, the OLAF-commissioned report, undertaken by PricewaterhouseCoopers (PwC), consultants Ecorys and the University of Utrecht, examined losses in the construction of road/rail ...
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