The assurance framework for cohesion policy has certainly helped to lower the overall level of error since 2007, but it has not been effective enough to bring it below the 2% materiality threshold set in the regulations, according to a special report published on Monday 8 July by the EU Court of Auditors on cohesion spending in the 2014-2020 period.
“Our audit results for this period systematically show error levels, both annual and multiannual, above the materiality threshold of 2%,”...