Financial management of the European Union budget in 2014: a briefing for the Committee of Public Accounts
The NAO has prepared a briefing on financial management of the European Union budget, to inform a Committee of Public Accounts evidence session scheduled for Tuesday, 23 February. Drawing from information already in the public domain, it covers the European Union’s financial management regime, the opinion of the European Court of Auditors’ in respect of the 2014 budget, and management of EU funds spent in the UK.
Notes for Editors
1.Press notices and reports are available from the date of publication on the NAO website. Hard copies can be obtained by using the relevant links on our website.
2.The National Audit Office scrutinises public spending for Parliament and is independent of government. The Comptroller and Auditor General (C&AG), Sir Amyas Morse KCB, is an Officer of the House of Commons and leads the NAO, which employs some 810 people. The C&AG certifies the accounts of all government departments and many other public sector bodies. He has statutory authority to examine and report to Parliament on whether departments and the bodies they fund have used their resources efficiently, effectively, and with economy. Our studies evaluate the value for money of public spending, nationally and locally. Our recommendations and reports on good practice help government improve public services, and our work led to audited savings of £1.15 billion in 2014.