2007 discharge: EU general budget, Court of Auditors

PURPOSE: to present the report of the Court of Auditors on the implementation of the budget for the financial year 2007 (other institutions – Court of Auditors).

CONTENT: in its annual report for the financial year 2007, the Court focuses on the legality and regularity of the operating expenditure of the institutions. In 2007, the Court notes that all the institutions operated satisfactorily the supervisory and control systems required by the Financial Regulation and the transactions tested were free from material error of legality and regularity.

However, the Court draws attention to a number of findings which should be taken into consideration by the institutions concerned.

In the specific case of the audit of the Court of Auditors, the Court notes that it is audited by an independent external audit firm which issued an independent assurance report concerning the legality and regularity of the use of the Court’s resources, and the control procedures in place for the period from 1 January 2007 to 31 December 2007.