Budget accountability in the European Union information
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The European Union employs a variety of public accountability measures to review and reform budgets across government.[1] 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.[2]
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.[3][4] The Office was given responsibility for conducting administrative anti-fraud investigations by having conferred on it a special independent status.
^Anonymous (5 July 2016). "How the EU budget is spent". European Union. Retrieved 20 December 2019.
^Auditor blames politicians for EC waste and corruption (The Sunday Herald, 8 August 2004)
^1999/352/EC, ECSC, Euratom: Commission Decision of 28 April 1999 establishing the European Anti-fraud Office (OLAF)
^"European Anti-Fraud Office". European Anti-Fraud Office – European Commission. Retrieved 20 December 2019.
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