ABSTRACT
This book offers comprehensive coverage of various aspects of financial accountability around the EU budget – how it is spent via policies, how institutions engage in checking policy performance (what taxpayers’ money actually delivers), and therein, the issues of monitoring, controlling, auditing, scrutinising and communicating budgetary expenditure.
Presenting conceptual and theoretical approaches including financial accountability, learning, multi-level governance, implementation and throughput legitimacy, it looks at EU institutions (European Parliament, European Court of Auditors, European Ombudsman, European Public Prosecutor’s Office) and national bodies (supreme audit institutions at the national level), examining their contact with the EU budget. It details the historical development of accountability mechanisms (the ‘statement of assurance’, financial corrections, and parliamentary oversight by the Budgetary Control Committee (CONT)), and examines policy areas such as those of agriculture, social policy and cohesion (including Structural Funds and the Common Agricultural Policy), exploring the challenges of financial accountability in practice. Given the recent introduction of non-budgetary financial instruments and tools only partly financed by the EU budget, it sheds light on new burgeoning areas such as the European Stability Mechanism (ESM) and the European Fund for Strategic Investment (EFSI) and the challenges they bring for ensuring the accountability of public money.
This book will be of key interest to scholars and students of audit and evaluation, budgetary spending and financial control and, more broadly, public administration, public policy and EU institutions and politics.
TABLE OF CONTENTS
chapter |22 pages
Introduction
part I|86 pages
Institutional perspectives
chapter 3|19 pages
Analysing the origins of the ‘statement of assurance’
chapter 4|15 pages
On the interplay between good administration and sound financial management
part II|82 pages
Policy perspectives
chapter 7|18 pages
The accountability of financial instruments in EU cohesion policy
chapter 8|15 pages
The evolution of the internal control system for the Structural Funds
chapter 9|16 pages
Financial accountability and the quality of performance in EU cohesion policy
part III|112 pages
Perspectives from practice