The European Court of Auditors (ECA) is the institution of the European Union (EU) responsible for auditing the EU's finances. Its role is to improve the financial management of EU funds by evaluating the correctness, legality, and efficiency of the financial undertakings.
Fund accounting is a system used by nonprofit organizations and governments to track resources and ensure accountability and compliance with legal requirements, rather than focusing on profitability.
The Government Accountability Office (GAO) is an independent Congressional agency established in 1921, originally known as the General Accounting Office. It reviews federal financial transactions by examining expenditures and appropriations of federal agencies, reporting directly to Congress.
An independent body established in 1983 to audit government departments and other public bodies, ensuring the economy, efficiency, and effectiveness of resource use.
