Budget accountability in the European Union

rdf:langString Budget accountability in the European Union

rdf:langString The European Union employs a variety of public accountability measures to review and reform budgets across government. As the EU's budget is at risk of maladministration, every year the Court of Auditors reports on the management of the budget. European Union auditors have stated that as they implement more transparency and double-entry book-keeping systems, it is likely to improve budget management. In order to strengthen the means of fraud prevention, the Commission established the European Anti-Fraud Office, also known as OLAF, on 28 April 1999, under the European Commission Decision 1999/352. The Office was given responsibility for conducting administrative anti-fraud investigations by having conferred on it a special independent status.