European law presentation
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European law presentation

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This is a presentation I did to explain the Court of Auditors in Università Politecnica delle Marche during the course of European Law by Giancarlo Vilella, Directorate-General for Innovation and ...

This is a presentation I did to explain the Court of Auditors in Università Politecnica delle Marche during the course of European Law by Giancarlo Vilella, Directorate-General for Innovation and Technological Support in the EU parliament.

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  • 1. THE EUROPEAN COURT OF AUDITORS EUROPEAN LAW Ancona, 24 February 2012 Matteo Giovannangeli
  • 2. DEFINITION “The European Court of Auditors is the EU institutionresponsible for the examination of the accounts of all revenues and expenditures of the Union and of its bodies, and for assessing the quality of the financial management.”
  • 3. MISSION “The European Court of Auditors contributes to improve EU financial managementand acts as the independent guardian of the financial interests of the citizens of the Union”
  • 4. The TASKS of the Court are:• Examining whether Financial operations have been – Properly recorded and disclosed – Legally and regularly executed – Managed so as to ensure economy efficiency and effectiveness• Promoting accountability and transparency about the revenues and expenditure of EU to the citizens.The PORPUSE of the Court are:• To ensure that EU taxpayers get maximum value for their money• Improve the financial management of the EU budget.
  • 5. HISTORYBefore 1975 the auditing bodies were: – Auditor of the ECSC – Audit board of the EEC and Euratom1. Created by the Treaty of Brussels of 1975, based in Luxembourg2. Started operating in the October 1977 as an external audit body with an undefined legal status.3. Recognized as an Institution since 1993 by the Treaty of Maastricht4. Strengthened by the Treaty of Amsterdam in 1997, emphasizing its role in the fight against fraud and allowing it to have recourse to the Court of Justice in order to protect its prerogatives with regard to the other EU institutions.
  • 6. STRUCTURE• President (Vítor Manuel da Silva Caldeira – Portugal) – elected each 3 years by the members of the Court – chairs the Court meetings, ensures that Court decisions are implemented and that the institution and its activities are soundly managed.• Collegiate body – 27 members appointed by the Council for a six-year renewable term (one for each EU State) – Each Member is responsible for his or her own tasks, primarily within auditing• Staff of approximately 800 auditors, translators and administrators.
  • 7. STRUCTURE• The Court organizes itself around five Chambers, to which Members are assigned with responsibility for specific areas of expenditure and for revenue. – Chamber 1 – Preservation and Management of natural resources – Chamber 2 – Structural policies, Transport and Energy – Chamber 3 – External Actions – Chamber 4 – Revenue, Research and Internal Policies, and Institution and bodies of the European Union – CEAD Chamber – Coordination, Evaluation, Assurance and Development
  • 8. CODE OF CONDUCT based on this ethical guidelines INDIPENDENCE INTEGRITY IMPARTIALITY PROFESSIONALISM ADDING VALUE EXCELLENCE EFFICENCY
  • 9. WORK …the starting point for the Court’s work…EU Budget: approx. 120 bln € (1% of EU-GNI). It consists of: 1. Members contribution based on GNI (65,4%) 2. Members contribution based on VAT collected (16.9%) 3. Custom and agricultural duties (16,5%) The Budget is decided ANNUALLY by the Council and the European Parliament, and proposed by the European Commission responsible for implementing it.
  • 10. WORKThe AUDITING PROCESS consists of three stages:• PLANNING: auditors collect and analyze data from the European Commission and from the administrations of Member States and beneficiaries. For each audit undertaken, the auditors prepare an investigation plan that describes the scope, methodology and objectives of the audit.• AUDITING: the auditors collect evidence in accordance with the audit program, both within the EU institutions and on the ground in the Member States and beneficiaries. The evidence are collected through the examination of key documents, physical inspection.• REPORTING: the results of the audit work is broadcast to all interested parties (the body subject of the audit, Commission and Parliament, the public).
  • 11. WORKThe output that the Court publishes:• Annual reports: present the results of financial audits in the form of statements of assurance on the general budget and on the European Development Funds. These two reports are published together in November.• Specific annual reports: present the results of financial audits on the Communities agencies and bodies.• Special reports: present the results of selected performance and compliance audits. Special reports can be published at any time during the year.
  • 12. WORKThe Court carries out three different types of audits work:• Financial Audits: show if the accounts present in accordance with the applicable financial reporting framework.• Compliance Audits: show if the transactions are in compliance with the legal and regulatory frameworks.• Performance Audits: show if the results are achieved with the least possible resources (efficiency) and if the objectives have been met (effectiveness).The Courts audit of the EU accounts is carried out in line withInternational Standards on Audit (ISA)
  • 13. THANK YOUFOR YOUR ATTENTION