Integrated Financial and Accountability Reporting 2020

The financial regulation (Art.247) requires the Commission to communicate to the European Parliament and the Council a set of financial and accountability reports, which constitute essential input for the annual “discharge procedure”, through which the European Parliament and the Council hold the Commission accountable for the way it manages the EU budget.

The Integrated Financial and Accountability Reporting package consists of five reports on the implementation, performance, results, management and protection of the EU budget.