PROVIDING ACCOUNTING INFORMATION FOR THE AUDIT OF EUROPEAN UNION FUNDS IN THE PUBLIC SECTOR

Abstract

The utilization of the financial support provided by the European Union (EU) funds requires effective control with reference to the spending of these public funds. An audit of the operations and activities undertaken and financed by EU funds offers the most adequate information with reference to the legality, appropriateness and effectiveness of the obtained results. Providing accurate and valuable accounting information that will be used in the audit of EU funds implies obtaining sufficient and appropriate auditing evidence. This will allow specialists to express their expert opinion on the operations performed and activities funded by the European community.