European Court of Auditors annual report 2005

In its 2005 Annual Report, the European Court of Auditors reports considerable progress by the Commission in introducing its new accounting system, but found weak internal controls for the majority of EU expenditure, both within Member States and at the Commission, and a high incidence of errors in the underlying transactions.

The link address is: http://www.eca.europa.eu/audit_reports/annual_reports/annual_reports_index_en.htm