European Court of Auditors issues clean opinion of Joint Undertakings

The European Court of Auditors has signed off the 2017 accounts of all the EU’s joint undertakings and issued clean opinions on the financial transactions for all except one.

The auditors published the annual reports on the EU’s eight joint undertakings in research, as well as a summary of the audit results. Joint undertakings are the EU’s public-private partnerships with industry, research groups and Member States. They employ some 700 staff and play an important role in carrying out specific aspects of EU research policy. The total 2017 budget of the joint undertakings amounted to €2.1 billion, or about 2% of the total EU budget. Their industry and research partners provide in-kind contributions by implementing their operational activities and cash contributions to their administrative and operational costs.

Read more: https://www.eca.europa.eu/en/Pages/NewsItem.aspx?nid=11063