Increasingly often I hear the incorrect statement that the EU is corrupt and that it’s accounts have never been approved.

This is not true: The Auditors have approved the accounts every year since 2007.

“The European Commission welcomed today the European Court of Auditors’ latest report on the management of the EU budget. It states that in 2013 the error rate was 4.7%, compared to 4.8% in 2012, and it continues to be below 5% for many years now. This shows that the Commission’s continuous efforts to improve the management of EU funds pay off.

With regard to the EU’s account keeping, this is the seventh year in a row that the Commission has been given a clean bill of health by the Court of Auditors. In other words, the day-to-day accounting practices of the Commission have proven themselves solid and reliable throughout the entire 2007-2013 period.”

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