Auditors approve EU accounts for first time in 14 years

The European Commission finally got its annual accounts past the European Court of Auditors this week, after fourteen years’ worth of attempts. But while auditors concluded the accounts were a “fair presentation” of the Commission’s financial position, it said there were unacceptable spending errors in all but two of the seven policy areas covered under the €114bn (£93bn) budget.

Poor tender procedures, dodgy expenditure declarations and insufficient checking at local levels were all highlighted as areas of key concern.

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