Financial Management

Motion that the Committee takes note of European Union Documents No 11112/12 and Addendum, dated 8 June 2012, relating to a Communication from the Commission to the European Parliament, the Council and the European Court of Auditors: Synthesis of the Commission’s management achievements in 2011; and No. 11479/12, dated 15 June 2012, relating to European Court of Auditors’ Opinion No. 4/2012 on the Commission’s evaluation report on the Union’s finances based on results achieved established under Article 318 of the Treaty on the Functioning of the European Union; considers the Commission’s report to be disappointing, inadequate, and unfit for purpose; consequently welcomes the European Court of Auditors’ critical analysis of the report and the constructive suggestions for improvement; agrees that a thorough analysis of results achieved against planned outcomes would be a useful focus for future reports; considers that useful and timely information on transparency, accountability and quality of European Union spend is essential to facilitate a better understanding on behalf of Member States, the public and other institutions of the performance of the Commission’s management activities; agrees that a timely report is necessary to inform the annual Budgetary discharge process. Amendment made and agreed to. Main question, as amended, agreed to.