Brussels, 11/07/2006 (Agence Europe) - On 4 July, the European Commission adopted a progress report as at 31 March 2006 on modernising the accounting system within its departments. “The transition to a new accounting system in the European Commission has so far been successful,” it says in the report, which points out that on 1st January 2005, the Commission moved the general accounting of the EU from cash-based to accrual-based accounts, a system which has already given the European...