PwC to carry out audit for Finance Ministry on system for approving EU projects

The Czech Finance Ministry has ordered an audit into the system for approving European Union-related projects following the European Commission's suspension on Wednesday of some 2 billion crowns worth of payments earmarked for this country under the EU Phare programme. The European Commission suspended payments from the EU's pre-accession fund because the Czech system for approving projects did not adhere to EU rules. The international consulting firm PricewaterhouseCoopers will carry out the audit and is due to publish its findings in late September.