Sound and efficient financial management in the approach to the year 2000

The European Parliament adopted the report by Mr Joan COLOM I NAVAL (PSE, E) on the Commission programme for improving financial management (SEM 2000) and made a number of recommendations concerning the procedures and financial organisation within the Commission. With regard to the implementation of the budget, Parliament called on the Community institutions to provide each of their directorates-general with a financial unit based on the Commission model. The Council and the Commission were called on to discuss with Parliament the setting up of a procedure for revising the budget implementation and financial estimates. In order to rationalize the system of controls and prevent fraud, Parliament proposed establishing a code of conduct designed to keep Parliament and the Council informed of the results of their resolutions and recommendation on budgetary discharge and control. Finally, Parliament proposed, with the common consent of the Commission and Council, to introduce a fraud prevention code. �