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Mr. Teddy Taylor
asked the Chancellor of the Exchequer if he will make a statement outlining the procedures for controlling and supervising the spending of public funds by the Common Market Commission.
Mr. Ian Stewart
The community budgetary authority, the Council and Parliament, are responsible, under the treaty, for the authorisation of funds through the annual budgetary procedure. The Court of Auditors is responsible for the audit of the Community's accounts, including those of the Commission, and reports annually on them.