EUROPEAN COURT OF AUDITORS

Javier Antón CallesRamón Díez Gallego

6º A

LOCATION

Luxembourg– Address: 12, rue Alcide De Gasperi, L-1615

HISTORY

• Created by the 1975 Budgetary Treaty

• Formally established on 18 October 1977

• Legal status defined by Treaty of Maastricht (1992)

COMPOSITION

• One member from each EU country (28)

• Appointed by the Council for a renewable term of six years

PRESIDENT

Choosed by the members for a renewablethree years term

Functions:- Chairs the ECA meetings- Ensures that ECA decisions are implemented and that the institution and its activities are soundly managed

Vítor Manuel da Silva Caldeira.

ORGANISATION

• Approximately 800 staff:– Translators– Administrators– Auditors

MISSION

• The EU’s financial watchdog• Act as the independent guardian of the

financial interests of the citizens of the Union• To present the European Parliament and the

Council an annual report on the previous financial year

• Giving its opinion on EU financial legislation• To promote accountability and transparency