19/10/2017 (Agence Europe) – The European Court of Auditors announced on Thursday 19 October that it has begun an audit of how the European Commission manages the risk of fraud relating to EU expenditure. The audit will be managed by Juhan Parts and focus on prevention and reaction to fraud. It will be based on contributions from members of NGOs, public prosecutors, Europol and Eurojust. In 2016, fraud detected in the EU budget was estimated at €391 million, based on figures supplied by the European Commission, member states and candidate countries, explains the Court of Auditors press release, adding that the real figure is probably higher. The auditors’ conclusions will be published in a report in the spring of 2018. (MF)