European Commission 23 December 2002, Commission Regulation (EC, Euratom) No 2342/2002 of 23 December 2002 laying down detailed rules for the implementation of Council Regulation (EC, Euratom) No 1605/2002 on the Financial Regulation applicable to the general budget of the European Communities

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Commission Regulation (EC, Euratom) No 2342/2002 establishes detailed rules for implementing Council Regulation (EC, Euratom) No 1605/2002 concerning the Financial Regulation applicable to the general budget of the European Communities. The regulation outlines the scope and purpose of ensuring clarity and consistency in budget execution, specifies key provisions related to financial management principles, and details the application and enforcement mechanisms for various budgetary processes, including procurement and grants. It emphasizes sound financial management and accountability among financial actors while delineating responsibilities and procedures for budget implementation and oversight.AI