Magazine article Public Finance

Balls Takes Lead on EU Accounts

Magazine article Public Finance

Balls Takes Lead on EU Accounts

Article excerpt

Ed Balls, the economic secretary to the Treasury, has challenged other European countries to follow the UK's lead and set up robust accounting procedures for the spending of European Union funds.

The EU's accounts, which have been qualified by the European Court of Auditors for 12 years in a row, were an 'annual embarrassment', Balls said.

In a speech to the Institute of Chartered Accountants in England and Wales' annual conference on November 20, Balls said he had set out plans to publish an annual statement on the UK's implementation of EU spending, prepared to international accounting standards, which will be audited by the National Audit Office.

'Similar initiatives are being developed in the Netherlands and Denmark. And, because success requires action right across Europe, I am also writing today to my European colleagues encouraging them to act in a similar way. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.