Tag Archives: accounts

The European Parliament is the discharge authority. Each year it must close the financial year on the basis of the recommendation of the Council and the Statement of Assurance (DAS) provided by the Court of Auditors. By granting a discharge Parliament approves the implementation of the budget in respect of the relevant financial year. It is well known that the European Court of Auditors for the 16th year in a row has not signed the EU accounts, nevertheless the European Parliament has been giving a discharge to the Commission for the execution of funds even if the Court of Auditors was not able to deliver a positive DAS. The European Parliament has been arguing that the rate of errors does not only depend on the Commission as member states co-manage 80% of the funds. MEPs have therefore urged the member states to cooperate more closely in checking on EU spending and recovering incorrectly spent funds.

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