European Court of Auditors signs off the EU accounts for 8th year in a row

The European Court of Auditors has today given the EU accounts a clean bill of health for the 8^th year in a row. Both the revenue side and administrative expenditure are free from significant errors. The overall error rate in payments has declined for a second consecutive year, to 4.4% in 2014. The Court also, in its annual report on the implementation of the EU budget in 2014, stresses the progress made by the Commission to increase transparency and absorption concerning the management of EU funds.