European Court of Auditors

A fiercely debated issue regarding the European Union (EU) is its budget and the allocation of funds, e.g. for agricultural subsidies. Every year one of the lesser-known European institutions, the European Court of Auditors (ECA), audits the Union’s revenue and expenditures. Furthermore ECA monitors if the annual facts and figures are reliable and if the transactions comply with the applicable European rules and regulations. This blog analyzes ECA’s legal position, formal tasks and its relationship with national Courts of Auditors.