RSSEuropean Court of Auditors

EU measures to stabilize farmers’ income: Low uptake coupled with overcompensation, say auditors

EU measures to stabilize farmers’ income: Low uptake coupled with overcompensation, say auditors

| December 6, 2019

EU instruments helping farmers to insure their income against falling prices and production losses have only partially met their objectives, and their uptake remains low and uneven, according to a new report from the European Court of Auditors. In addition, some exceptional measures have not been properly targeted and can lead to disproportionate compensation payments, say […]

Continue Reading

EU’s potential liability in winding up #FailingBanks assessed as ‘remote’, say auditors

EU’s potential liability in winding up #FailingBanks assessed as ‘remote’, say auditors

| November 28, 2019

The Single Resolution Board (SRB) and the European Commission – in line with accounting rules – did not disclose any contingent liabilities potentially arising from ongoing judicial proceedings against their role in winding up failing euro area banks, according to a new report by the European Court of Auditors (ECA). At the same time, the […]

Continue Reading

European Commission welcomes the positive assessment about how it has managed #EUBudget

European Commission welcomes the positive assessment about how it has managed #EUBudget

| October 9, 2019

In its latest report about the management of the EU budget,the European Court of Auditors – the independent auditor of EU spending – confirmed that the Juncker Commission had significantly improved the way it administered the EU budget. The auditors gave the EU annual accounts a clean bill of health for a 12th year in a […]

Continue Reading

#ECA reports a low 2.6% error rate in use of EU funds

#ECA reports a low 2.6% error rate in use of EU funds

| October 8, 2019

In its 2018 annual report, published today (8 October), the European Court of Auditors (ECA) has concluded that the EU accounts present a “true and fair view” of the EU’s financial position. For the third year in a row, the auditors have issued a qualified opinion on the regularity of the financial transactions underlying the […]

Continue Reading

Better outreach to citizens needed to improve effectiveness of European Commission’s public consultations, say #Auditors

Better outreach to citizens needed to improve effectiveness of European Commission’s public consultations, say #Auditors

| September 5, 2019

The European Commission’s framework for consulting the public during the development and evaluation of EU laws and policies is of a high standard, according to a new report by the European Court of Auditors. The performance of selected recent public consultations by the Commission has been satisfactory overall, say the auditors. However, they recommend that […]

Continue Reading

EU institutions generally well equipped to deal with #UnethicalConduct, but rules should be further improved, say auditors

EU institutions generally well equipped to deal with #UnethicalConduct, but rules should be further improved, say auditors

| July 19, 2019

Overall, the European Parliament, Council and Commission have put in place adequate ethical frameworks, according to a new report from the European Court of Auditors. But the auditors also identified certain areas where the coverage, specificity, clarity and level of guidance could be improved and harmonized, as well as examples of best practice. In addition, staff […]

Continue Reading

#EBA stress tests should focus more on EU-wide systemic risks, say auditors

#EBA stress tests should focus more on EU-wide systemic risks, say auditors

| July 11, 2019

The latest bank stress test by the European Banking Authority (EBA) should have been more demanding in testing banks’ resilience to systemic risks across the EU, according to a new report by the European Court of Auditors. The simulated shocks were actually milder than those experienced during the 2008 financial crisis and the adverse scenario used did not […]

Continue Reading