Andreasen, who has been stripped of her responsibilities, had claimed that a preliminary paper from the Court, drawn up earlier this year, reported that the Commission’s accounting system had not been changed since it was strongly criticised in 1999.
There were still ‘obvious risks with its reliability’ and a ‘lack of security’ Andreasen quoted the paper as saying.
The Court said this was ‘not a report of the Court’. It had to be regarded as ‘a simple internal working document, strictly confidential, provisional and which, at this incomplete stage, does not commit the Court’, it said.
It was only when the Commission’s replies had been received and analysed that the Court could decide to draw up an official draft report which would then be transmitted to the auditee for its ‘final and official reply’ before the document could be published. The Court declined to say anything about the actual contents of the report.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned