A new tripartite agreement between the European Court of Auditors (ECA), the European Investment Bank (EIB) and the European Commission has been signed. It allows the ECA greater access to EIB documents and data relating to activities carried out under the mandate of the European Commission.
After much discussion since January 2020, the European Court of Auditors, the European Investment Bank and the European Commission have just signed a renewed Tripartite Agreement on access to audit evidence and EIB data for the purposes of audits of EU expenditure managed by the EIB.
“Given the ever-increasing role of the EIB in implementing the EU budget, the new agreement we reached is of the utmost importance”, said Mihails Kozlovs, the ECA Member who signed the agreement on the ECA’s behalf. “The agreement clarifies and streamlines our access to EIB documents and information so that we can properly carry out our audit mandate.”
In particular, the agreement clarifies the timeline for receiving necessary audit documentation and in what format, confidentiality rules and data protection, evidence collection methods, and access to information.
However, data on the EIB’s Own Funds activities remain out of the scope and mandate of the ECA’s audits under the EU Treaties.
The ECA is the independent external auditor of the European Union. Its reports and opinions are an essential element of the EU accountability chain. They are used to hold to account those responsible for implementing EU policies and programmes: the Commission, other EU institutions and bodies, and administrations in Member States. The ECA warns of risks, provides assurance, indicates shortcomings and good practice, and offers guidance to policymakers and legislators on how to improve the management of EU policies and programmes.
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