Thursday, November 19, 2009

EC accounts fail to win approval for 15th year


European Court of Auditors finds “weaknesses” in the EC’s accounting systems yet again

The European Court of Auditors has declined to give the European Commission's accounts a clean bill of health for the 15th year in a row.

Papers published today [10 Nov] for 2008 reveal that the court accepted the accounts "present fairly, in all material respects, the financial position of the Communities" but note "weaknesses in the accounting systems .... still put at risk the quality of financial information of certain directorates general ....."

See full Article.