COURT OF AUDITORS OF THE EUROPEAN COMMUNITIES REPORT (Annex to the 1987 ECSC Annual Report) on the accounting and financial management of the European Coal and Steel Community COURT OF AUDITORS OF THE EUROPEAN COMMUNITIES REPORT (Annex to the 1987 ECSC Annual Report) on the accounting and financial management of the European Coal and Steel Community This report was adopted by the Court of Auditors at its meeting of 9 November 1988. The draft report had previously been sent to the Commission on 12 July 1988 and the Commission's replies are annexed to this final version. This publication is also available in the following languages: ES. DA. DE. GR. FR. IT. NL. PT Luxembourg : Office for Official Publications of the European Communities, 1989 Catalogue number: MX-54-88-247-EN-C Reproduction of the contents of this publication is subject to acknowledgement of the source Printed in Luxembourg - 3 -TABLE OF CONTENTS Paragraph reference Introduction 1-4 Reporting procedure 1-2 Summary of the financial information 3-Chapter 1 - Follow-up to observations by the Court from previous financial years 1.1 - 1.4 Level of the ECSC reserves 1.1 - 1.3 Financing of the operating budget4 Chapter 2 - Loans for vorkers' housing 2.1 - 2.13 Introduction 2.1 - 2.3 Scope of current review 2.General observations5 - 2.6 Observations on management and control 2.7 Observations on effectiveness 2.8 - 2.10 Conclusions 2.11 - 2.