The European Court of Auditors (ECA) has given a clean bill of health for all the EU’s Joint Undertakings (JUs) - the EU’s public-private partnerships with industry, research groups, international organisations and Member States - issuing clean opinions on their accounts and financial transactions. However, as in previous years, the auditors again draw attention to the ‘Fusion for Energy’ (F4E) JU, mainly because of the risk of further cost increases and delays in implementing the International Thermonuclear Experimental Reactor (ITER) project.
“The added value of Joint Undertakings is that the EU, private industry and research groups are partners for the common good. This brings innovation and economic growth”, said Ildikó Gáll- Pelcz i, the member of the European Court of Auditors responsible for the audit. “Our audit for 2019 confirms that their financial management is healthy, although several aspects can be further improved, for instance the management of procurements, grant payments and human resources.”
Press Release: Auditors sign off 2019 accounts of all EU Joint Undertakings