European Accounts signed off

Despite what many Eurosceptics will be peddling, the EU accounts have been signed off by the European Court of Auditors for the eighth year in a row. This clean bill of health puts to bed outlandish claims to the contrary Want more detail?  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.