Definitions for "European Court of Auditors"
responsible for checking that the European Union spends its money according to its budgetary rules and regulations and for the purposes for which it is intended.
The court is the "financial conscience" of the European Union, tracking the management of EU money. This body audits the accounts and implements the budget of the EU and consists of 15 representatives of the Member States. The Court issues an annual report, special reports and opinions.