The Financial Regulation and its Implementing Rules, applicable to the Agency, lay down the rules for the establishment and implementation of the Agency’s budget and the presentation and auditing of the accounts.
Court of Auditors
The budget consists of a summary statement of revenue and expenditure. The initial and amended budgets provide information on the approved budget for one financial year.
Each year, the Court of Auditors issues a specific report including an introduction, the Statement of Assurance on the reliability of the accounts and the legality and regularity of the transactions, and, when applicable additional comments.
The European Parliament, upon a recommendation from the Council, shall, before 30 April of year N + 2 give a discharge to the Executive Director in respect of the implementation of the budget for year N.