1946 EU Parliament!

[I]News.bbc.co.uk. 15th November 2005.

Auditors reject EU accounts again
For the eleventh year in a row, the European Union's annual accounts have failed to gain a seal of approval from the EU's own auditors.
The European Court of Auditors said the amount of spending they could verify rose to 35% in 2004 from 6% in 2003.

The improvement was mainly due to a new system of control over the payment of agricultural subsidies to farmers.

[B]But the auditors said the vast majority of spending was still affected by "errors of legality and regularity[/B]". [/I]

If a commercial company in any of the member states operated in this manner they surely would be closed down in the second year of trading and those responsible for such deplorable behaviour brought to book:mad:

Category
General chat about Italy

[QUOTE=Susan P][I]News.bbc.co.uk. 15th November 2005.

Auditors reject EU accounts again
For the eleventh year in a row, the European Union's annual accounts have failed to gain a seal of approval from the EU's own auditors.
The European Court of Auditors said the amount of spending they could verify rose to 35% in 2004 from 6% in 2003.

The improvement was mainly due to a new system of control over the payment of agricultural subsidies to farmers.

[B]But the auditors said the vast majority of spending was still affected by "errors of legality and regularity[/B]". [/I]

If a commercial company in any of the member states operated in this manner they surely would be closed down in the second year of trading and those responsible for such deplorable behaviour brought to book:mad:[/QUOTE]

They need an ½ûÂþÌìÌà auditor...:) ;) :eek:

That's the problem. They've got one ;-)

[QUOTE=Susan P]That's the problem. They've got one ;-)[/QUOTE]

Aaahhh, I thought it was an ½ûÂþÌìÌà accountant with foreign auditors...

[QUOTE=GeorgeS]Aaahhh, I thought it was an ½ûÂþÌìÌà accountant with foreign auditors...[/QUOTE]

You're quite right George ... :)