Court of Auditors
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Created on April 2, 2021
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Transcript
COURT OF AUDITORS
Function: Check that EU funds are received and used correctly; contribute to improving the financial management of the EUPresident: Klaus-Heiner LehneMembers: 1 for each EU countryYear of creation: 1977Headquarters: LuxembourgWebsite: European Court of Auditors
As the EU's independent external auditor, the European Court of Auditors (ECA) looks after the interests of European taxpayers. Although the ECA does not have legal capacity, it helps to improve the management of the EU budget by the European Commission and reports on the finances of the Union.
What does the institution do?
- Report your suspicions of fraud, corruption or other illegal activities to the European Anti-Fraud Office (OLAF).
- It produces an annual report for the European Parliament and the Council of the EU, which is examined by Parliament before the Commission discharges the EU budget.
- It provides expert opinions to EU policy makers on how to improve financial management and accountability to citizens.
- It audits the income and expenses of the EU to verify that the perception, use, profitability and accounting of the funds are correct.
- It supervises any person or organization that handles EU funds, in particular through spot checks in the EU institutions (especially the Commission), Member States and countries receiving EU aid.
- It draws up conclusions and recommendations addressed to the European Commission and national governments in their audit reports.
The Court's audit work is essentially focused on the European Commission, as it is primarily responsible for the implementation of the EU budget. However, it also works closely with national authorities, as the Commission manages the majority of EU funds (around 80%) together with them.
To be effective, the Tribunal must be independent from the institutions and bodies it audits. Therefore, you are free to decide: What audits As it does Where and when you present your findings.
In addition, it publishes opinions on preparatory legislation that will affect the financial management of the EU, as well as position papers, studies and specific publications on issues related to EU public finances.
The members of the Court are appointed by the Council, after consulting the European Parliament, for a renewable term of 6 years. They elect one of the members as president for a period of 3 years (also renewable).
Composition
Financial audits (in which you check whether the accounts accurately reflect the financial situation, results and cash flows for a given year) Compliance audits (in which you check whether financial transactions are compliant) Performance audits (in which you check whether EU funding has achieved its objectives with the fewest possible resources and in the most economical way). The Court of Auditors is divided into audit groups called "chambers", whose task is to prepare reports and opinions that become official when approved by the members of the Court.
How does the TCE work?The ECA carries out three types of audits:
- The Court of Accounts offers internships.
- In addition, every two years it announces a public sector audit research award for which you can compete.
Other benefits offered by the European Court of Auditors to European citizens are:
¡Thank you!