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Will 38bn be enough?

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Quote Originally Posted by Major Sinic View Post
Quote Originally Posted by Javert View Post
I looked into this claim a while back after having it thrown at me in a pub. When I looked into it, I found that it was nonsense - the EU accounts have been signed off every year. There were some concerns and some parts of the process where certain elements were not signed off, but if you look into most other governments in the world, including the UK, their accounts and audits results were no better than the EU, and in some cases worse.
While you are not wrong neither are you are completely correct. To summarise since 2007 the accounts have been largely correct although there were serious errors between 1994 and 2007. However although the Court of Auditors state the accounts were 'fair and accurate' since 2007 they have refused to sign off that they were free from 'material error' . It seems that the expenditure of some 4.4% of the EU budget does not meet the EU's rules on expenditure which iseems to be the cause of the material error. 2016/17 was the first year that the accounts were denoted 'qualified' as opposed to 'adverse'.
I'm going to blog this, because I keep getting faced with situations where i need this info and i can never find it, many thanks



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