Early Warning System

Having in mind the fact that the role of the European Commission (Commission) is to provide so – called sound financial management of the European Union (EU) funds, or to protect the EU financial interests, at the request of the European Parliament, a so – called Early Warning System (EWS) was introduced in 1997. EWS represents an internal IT tool base don which the Commission may identify entities representing financial or any other risk to the process of managing the EU funds, and therefore, it is enabling the Commission to undertake necessary precautionary measures...