Brussels, 17/03/2005 (Agence Europe) - On Wednesday, the European Commission took note of the latest report on the modernisation of its accounting system. After the new system, in line with the accrual accounting method (the recording of accounting events when they occur, and not only when cash is received or paid, or at the year end only) entered into force on 10 January 2005, the “European taxpayer can be assured that his or her funds are managed by the Commission under high standards of...