Report on the annual accounts of the European Border and Coast Guard Agency for the financial year 2016 together with the Agency’s reply
1. This Explanatory Memorandum (EM) relates to a report on the annual accounts of the European Border and Coast Guard Agency for the financial year 2016. The report is accompanied by the Agency’s response.
2. The report notes that the European Border and Coast Guard Agency (the Agency) was created by Regulation (EU) 2016/1624. It replaced the European Agency for the Management of Operational Cooperation at the External Borders of the Member States, as established by Council Regulation (EC) 2007/2004, while retaining the short name ‘Frontex’ and its headquarters in Warsaw. The new Regulation extended the mandate of the Agency to ensure integrated European management of the external borders and to address migratory challenges and potential future threats, thereby contributing to the combat of serious cross-border crime and to the maintenance of a high level of security within the Union in full respect of fundamental rights while safeguarding the free movement of persons.
3. As required by Article 287 of the Treaty on the Functioning of the European Union (TFEU), the European Court of Auditors (ECA) have audited the Agency’s financial statements and budget reports for the financial year ending 31 December 2016, as well as the legality and regularity of accounting transactions. The audit was undertaken to obtain reasonable assurance that the Agency’s accounts are free from material mis-statement, that the underlying transactions are legal and regular and to provide a statement of assurance on their reliability to the European Parliament and the Council.