The European Court of Auditors (ECA) will publish a special report “Protecting the EU budget from irregular spending: The Commission made increasing use of preventive measures and financial corrections in Cohesion during the 2007-2013 period” on Thursday 27 April 2017 at 10h30 in 23 EU languages.
The auditors assessed whether the Commission’s preventive measures and financial corrections were effective in protecting the EU budget from irregular expenditure in the area of Cohesion. They focused on the 2007-2013 programme period and also assessed the likely impact of changes in the regulations for 2014-2020.
Cohesion policy aims to reduce development disparities between regions, restructure declining industrial areas and encourage cross-border, transnational and interregional cooperation in the European Union.
It is the EU’s main source of funding for investments: it accounts for 37% of spending from the EU budget and totals some €350 billion for each of the periods 2007-2013 and 2014-2020. Responsibility for managing Cohesion spending is shared between the Commission and the Member States.
The ECA’s special reports set out the results of its performance and compliance audits of specific budgetary areas or management topics. The ECA selects and designs these audit tasks to be of maximum impact by considering the risks to performance or compliance, the level of income or spending involved, forthcoming developments and political and public interest.