In proposed changes to the EU’s financial regulation – its accounting
rulebook – Brussels has continued to press member states to release more
information on spending under shared European-national management. The
commission has proposed: ‘Member states shall submit to the commission an annual
summary of the available audits and declarations in relation to funds under
In its suggested text, Brussels said: ‘Controls carried out by the commission
in decentralised or indirect centralised management and, where appropriate, in
shared management should be reinforced.’ Such rules would cover key agricultural
and regional aid spending.
This, the EU financial watchdog the Court of Auditors has regularly claimed,
is riddled with inconsistencies and corruption, and the commission wants tougher
Also, accounting officers charged with certifying EU accounts ‘should be
empowered to check the information received by the authorising officer… and to
enter reservations, if necessary’, under the commission’s suggested amendments.
These have been made under the EU’s co-decision procedure, where the
agreement of both the European Parliament and the EU Council of Ministers is
required. Ministers and MEPs have already made their own changes to the system,
and these and the commission’s proposals will now be debated again.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process