On Monday 12 November 2018, the European Court of Auditors (ECA) will publish its annual audit reports on the European Union’s eight joint undertakings in research, including a summary of the audit results.
Each year the European Court of Auditors (ECA) examines the accounts of all the joint undertakings set up by the EU together with its partners, as well as the transactions underlying the accounts. The auditors carry out analyses, test individual revenue and payment transactions, and assess key controls in the joint undertakings’ supervisory and control systems.
For 2017, the auditors checked the accounts and transactions for the EU’s eight joint undertakinsg in research: F4E (Development of Fusion Energy), BBI (Bio-based Industries), Clean Sky (Clean Air Transport Technologies), IMI (Innovative Medicines Initiative), FCH (Fuel Cells and Hydrogen), SESAR (Single European Sky Air Traffic Management Research), ECSEL (Electronic Components and Systems for European Leadership), Shift2Rail (Innovative Rail Product Solutions)
ABOUT JOINT UNDERTAKINGS
Joint undertakings are the EU’s public-private partnerships with industry, research groups and Member States. They employ some 700 staff and play an important role in carrying out specific aspects of EU research policy. The total 2017 budget of the EU’s eight joint undertakings amounted to €2.1 billion, or about 2% of the total EU budget.
One of the joint undertakings’ main objectives is to leverage contributions from private industry and research members; this is where their added-value lies.