The Mudcat Café TM
Thread #164605   Message #3964066
Posted By: Nigel Parsons
30-Nov-18 - 03:59 PM
Thread Name: Brexit #2
Subject: RE: Brexit #2
Nice link.
The main 'conclusion' given is:
Auditors say the accounts have been accurate since 2007. But they have historically recorded significant errors in how money is paid since their first audit in 1995. In the most recent year, they found a significant part of the EU’s spending was largely error-free for the first time.

How can 2016 be the first year to be largely error-free, if the accounts have been accurate since 2007?
My understanding of 'accurate' would include the accounts being 'error-free'. Clearly the EU auditors work to a different lexicon.