The Court of Auditors gives its financial assessment for 2010
The EU's independent audit institution, the European Court of Auditors (ECA), which examines whether EU income and expenditure is completely and accurately recorded in the accounts and has been raised or spent in accordance with all contractual and legal obligations, has released its assessment of the management and control of EU funds for 2010.
While errors do still occur, the European Commission and European Parliament will persist in their efforts with the Member States to ensure the continuous reduction over the coming years and financial terms. Regarding cohesion policy spending, the Court finds that errors are concentrated in a small number of programmes in a limited number of Member States. Two thirds of the error rate is found in 7 programmes in 3 MS. The Commission will work with these countries in particular to assist them in their financial control and management systems.