PracticeAuditUK statement on EU spend to be audited by NAO

UK statement on EU spend to be audited by NAO

The UK is to produce a consolidated statement of its EU spending, which will be audited by the NAO 

A consolidated statement of EU spending in the UK will be launched in a bid
to lead other European countries to halt the qualification of EU accounts

Speaking this morning at the ICAEW’s annual conference, economic secretary to
the Treasury Ed Balls said that the UK would take the lead on producing an
annual statement of EU spending that takes place in the UK. It will be audited
by the National Audit Office.

Balls said that EU accounts had become an ‘annual embarrassment’, and EU
members should take responsibility for producing a clearer picture of budgetary
fraud and financial mismanagement.

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