The ECA works on the basis of multi-annual strategies. Its 2018-2020 strategy, adopted in July 2017, focuses on fostering trust in the EU through independent audit and providing insight into what works in the EU and what does not.
In 2019, a team of peers from the Supreme Audit Institutions of Estonia (Riigikontroll), Denmark (Rigsrevisionen), the Netherlands (Algemene Rekenkamer) and the United States of America (Government Accountability Office) reviewed the implementation of this strategy. The review will also provide an input to the formulation of the ECA’s next strategy for the period 2021 to 2025.
In particular, the peers assessed the extent to which the ECA has achieved its strategic goals and the desired effects, namely to:
– improve the added value of the Statement of Assurance (SoA) in the context of today’s EU financial management;
– focus its audit work more on performance aspects of EU action; and
– get clear messages across to its audiences.
The peers also make a number of recommendations to progress further in each of these areas.
The ECA welcomes the review and thanks the peers for their constructive recommendations. In response, the ECA has developed a set of actions to be delivered by the end of the year and in the context of preparing its next strategy.