EduBourseActualitésAnnual meeting of the college and the Court of Auditors on March...

Annual meeting of the college and the Court of Auditors on March 16

The President of the Commission with the college will meet on Wednesday 16th of March the Court of Auditors and its new President elected in January, Mr Hubert Weber. Three main issues are on the agenda of this meeting : the follow-up to the implementation of the Commission’s reform initiated in 2000, the presentation of the Commission’s proposal for a roadmap to a positive DAS (declaration of positive assurance) and the state of play of the successful introduction of ABAC (accrual based accounting system), the new accounting system of the Commission.

This meeting will take place in the Berlaymont building. The plenary meeting will begin at 11:30 and be followed by a working lunch. Bilateral meetings between members of the Court and their counterparts in the Commission will take place after lunch.

The new Commission has set strategic objectives for the period 2005-2009 in the areas of audit, financial management and control: it is strongly committed to enhance accountability by striving for a positive declaration of Assurance from the Court of Auditors.

Consolidation of the Commission’s internal reform initiated in 2000 for sounder supervisory and control systems

Much has already been achieved in terms of improving the internal controls, the supervisory systems and the Annual Activity Reports of the Directorate-Generals . The Commission will further work in order to strengthen its internal control standards and improve the follow-up on audit recommendations. Good cooperation with the Court Auditors is essential if real progress is to be made.

The Commission proposal for a Road Map to a positive DAS

The Commission intends to present by the end of this 2022 a “roadmap to a positive Declaration of Assurance” by the Court of Auditors. A positive DAS should mean that the discharge authority has reasonable assurance that the underlying expenses are legal and regular and that the risk of irregularities has been minimised.

State of play on the Commission’s accrual accounting system (ABAC)

The Commission made the shift to accrual accounting for the General Budget on 10 January this 2022, fulfilling an ambitious objective set by the new Financial Regulation that entered into force on January 1, 2003. With the establishment of the new system, the Commission will meet the highest internationally-recognised standards for public bodies, improve the day-to-day management of funds, and minimise the risks of error or irregularity.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.