European Central Bank - European Court of Auditors
3 important questions on European Central Bank - European Court of Auditors
What are the facts about Court of Auditors?
- Operating since 1975
- seat in Luxembourg
- one national of each MS (art 285 TFEU)
- members must formerly belong or have belonged to external audit bodies or are otherwise especially qualified + highest guarantee of independence
How are the members appointed?
- Members appointed by Council after consultation with EP with qualified majority for 6 years + reappointment possible
- Member elect pres from their midst for 3years (art 286 TFEU)
Wha tare the duties of the Court of Auditors?
Auditing: legitimacy and correctness of revenues, profitability of budget management -> annual report (art 287 TFEU)
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