Audit and administrative law

Auditing Standards and the Accountability of the European Court of Auditors (ECA)

“…Article 287 TFEU then provides for the tasks of the ECA, including that it 'shall examine the accounts of all revenue and expenditure of the Union', including 'all bodies, offices or agencies set up by the Union (…)', and also what input the ECA can use to execute its tasks, and what output it is expected to produce. 32 A unifying framework for this paper is that for both the private sector and the public sector, the overall goals of standards is to ensure good governance. Our starting point is that trust is key to the principle of good governance and the use of auditing standards is a tool towards trust.…”