Table of Contents
Is the European Court of Auditors an EU institution?
The Court of Auditors is based in Luxemburg and is composed of one member from each EU country. Each member state suggests a candidate who is appointed by the Council of the European Union in consultation with the European Parliament for a renewable term of 6 years.
How does the European Court of Auditors work?
As the EU’s independent external auditor, the European Court of Auditors (ECA) looks after the interests of EU taxpayers. It does not have legal powers, but works to improve the European Commission’s management of the EU budget and reports on EU finances.
Where is the EU audit office located?
Luxembourg City, Luxembourg
European Court of Auditors
| Institutional overview | |
|---|---|
| Formed | 1977 |
| Jurisdiction | European Union |
| Headquarters | Luxembourg City, Luxembourg 49°37′22″N 6°8′49″E |
| Institutional executive | Klaus-Heiner Lehne |
Which treaty is responsible for the creation of the Court of Auditors?
The European Court of Auditors (ECA) was established by the 1975 Treaty of Brussels (Budgetary Treaty) and started operating as an external Community audit body in October 1977.
What power does the Court of Auditors have?
The main task of the Court of Auditors is to audit the accounts and oversee the implementation of the budgets of the institutions of the European Union. It aims to improve financial management of EU money and to report to EU citizens on how EU money is used.
Who audits the EU?
The European Court of Auditors
The European Court of Auditors is the EU’s external auditor. It audits each year the EU accounts, revenue and spending, and then issues an assessment (“statement of assurance”) on the accounts, as well as on the legality and regularity of the underlying transactions.
Is the National Audit Office independent?
We have three key strategic objectives to ensure we achieve our vision: The National Audit Office (NAO) helps Parliament hold government to account for the way it spends public money. We are independent of government and the civil service.
Does the UK government get audited?
The National Audit Office (NAO) is an independent Parliamentary body in the United Kingdom which is responsible for auditing central government departments, government agencies and non-departmental public bodies. The NAO also carries out value for money (VFM) audits into the administration of public policy.