The European Court of Auditors

The European act of Auditors Introduction The European Court of Auditors is the fifth fundament of the European Union (EU). It was established in 1975 in capital of Luxembourg to audit the accounts of EU institutions. This report will cover 3 aspects which are history, organization and president. Then it will give virtu eithery criticism ab push through the declaration of assurance and the size of the court. History The Court of Auditors was created by the 1975 Bud wankary Treaty and was formerly established on 1977-10-18. At that time the Court was not a imposing institution and it did not meet a defined court-ordered status until the Treaty of Maastricht when it was made the fifth institution, the first naked as a jaybird institution since the founding of the Community. By becoming an institution it gained round new powers, such as the ability to bring actions beforehand the European Court of Justice. However its audit power cogitate only to the European Community pillar of the EU, but on a lower floor the Treaty of Amsterdam it gained the full power to audit specie of the whole of the EU. Despite its name, the Court has no judicial functions. It is kinda a professional external investigatory audit agency.

The essential role of the court is to externally check if the budget of the European Union has been implemented correctly, in that EU funds have been spent legally and with sound guidance. In doing so, the court checks the paperwork of all persons handling any income or expenditure of the Union and carries out spot checks. The court is bound to report any problems in the Courts reports for the attention of other states and institutions, these reports include its general yearbook report as well as specific and particular(prenominal) reports on certain bodies and issues. The Courts decision is the basis for the European Commission decisions, for example: when the Court found problems in the management of EU funds in the regions of England, the Commission suspended funds to those regions and prepared to fine those who did not come back... If you want to get a full essay, order it on our website: Ordercustompaper.com

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