Top positive review
Ever Closer Union Means Ever Greater Corruption and Waste
on 10 November 2017
There is a correlation between centralisation and corruption and the EU is no exception. In this book Marta Andreasen, formerly the EU’s Chief Accountant, outlines how poor the accounting systems are and how this has led to a significant fraud risk.
As an accountant I found it amazing that prior to Marta Andreasen’s appointment in 2002 the position of the EU’s Chief Accountant had not been held by a qualified accountant. Her book highlights the total lack of understanding of, and interest in, accounting and governance shown by the Commission and Eurocrats. Most shocking was the lack of incentive to deter fraud and the positive incentive to hide issues and persecute whistleblowers. If a private sector firm had the EU’s governance problems and had the same difficulties in getting a clean audit opinion it would have gone bust very quickly in a hail of bad publicity.
The book is written for the layman to enjoy, but I expect that accountants in particular will find it both gripping and shocking.