IDEAS home Printed from https://ideas.repec.org/a/bla/jcmkts/v34y1996i4p509-529.html
   My bibliography  Save this article

Managing Value‐for‐Money Audit in the European Union: The Challenge of Diversity

Author

Listed:
  • Roger Levy

Abstract

There has been a growing recognition over recent years within European Union (EU) legislation (e.g. the regulations governing the Structural Funds of 1988 and 1993, and the new Financial Regulation of 1990), and by managers in the Union institutions that ‘value‐for‐money’ considerations, and review and evaluation, should form part of the financial management and policy‐making process. There is considerable debate, however, about the extent to which these techniques are used by the Commission, the European Court of Auditors (ECA), or within the implementing agencies of the Member States. It is the objective of this article to assess the changes, if any, in deployment and usage of these techniques over the past 15 years or so, and to identify the characteristics of the current arrangements by reference to specific policy areas. In order to define the scope of the study, we discuss the meaning of value‐for‐money (VFM) audit in the EU context, and move on to the framework of these activities within the implementation process. A review of the VFM work of the Commission, Court of Auditors and Member State agencies follows. The study concludes with an analysis of current and future prospects.

Suggested Citation

  • Roger Levy, 1996. "Managing Value‐for‐Money Audit in the European Union: The Challenge of Diversity," Journal of Common Market Studies, Wiley Blackwell, vol. 34(4), pages 509-529, December.
  • Handle: RePEc:bla:jcmkts:v:34:y:1996:i:4:p:509-529
    DOI: 10.1111/j.1468-5965.1996.tb00588.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1468-5965.1996.tb00588.x
    Download Restriction: no

    File URL: https://libkey.io/10.1111/j.1468-5965.1996.tb00588.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. I. Lapsley & C. K. M. Pong, 2000. "Modernization versus problematization: value-for-money audit in public services," European Accounting Review, Taylor & Francis Journals, vol. 9(4), pages 541-567.
    2. Moreno Enguix , María del Rocío & Antón Renart , Marcos & Vidal Hernández-Mora, José Antonio, 2012. "European regional policy: Analysis of the management reports of structural funds 2000-2006," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 22, pages 35-56.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jcmkts:v:34:y:1996:i:4:p:509-529. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0021-9886 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.