European Commission 26 July 2013, COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE COURT OF AUDITORS CONSOLIDATED ANNUAL ACCOUNTS OF THE EUROPEAN UNION - FINANCIAL YEAR 2012

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This communication presents the consolidated annual accounts of the European Union for the 2012 financial year, prepared in accordance with the Financial Regulation and accrual-based International Public Sector Accounting Standards (IPSAS). The document details the EU's financial position, including a balance sheet showing total assets of –154,008 million and an economic result of –5,329 million, alongside reports on budgetary implementation and management. It further outlines the roles of various financial actors, the audit functions of the European Court of Auditors, and the discharge procedure conducted by the European Parliament.AI