European Court of Auditors
European Court of Auditors : The European Court of Auditors, based in Luxembourg, is composed of 25 members appointed for six years by unanimous decision of the Council of the European Union after consulting the European Parliament. It checks European Union (EU) revenue and expenditure for legality and regularity, and ensures that financial management is sound. It was set up in 1977 and raised to full institution status by the Treaty on European Union, which came into force in 1993. Under the Treaty of Amsterdam (adopted in June 1997), the Court of Auditors also has the power to report any irregularities to the European Parliament and the Council, and its audit responsibilities have been extended to Community funds managed by outside bodies and by the European Investment Bank. The Treaty of Nice (adopted in December 2000) specifies in detail the composition of the Court of Auditors, which must include a national from each Member State. European Court of Human Rights. See: European Convention on Human Rights (ECHR)
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