Published on 14-06-10
The European Commission has welcomed the report from the UK National Audit
Office on EU financial management (released on 11 June 2010).
Commissioner Semeta, responsible for Taxation, customs and audit, said:
"The National Audit Office's report is a good example of a Member State
taking its responsibilities seriously when it comes to checking how EU funds
are managed at national level. In my view, the national audit institutions
could contribute further to the common efforts to improve financial management
of EU funds. I will be encouraging them to do so, in cooperation with the
European Court of Auditors. I do agree with the finding that complex
rules can increase the risk of errors. That is why I support all initiatives
which aim at reducing the complexity of rules and improving the
cost-effectiveness of controls, without compromising the principle of sound
financial management".
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