Report of the European Court of Auditors on the financial statements of the European Coal and Steel Community at 31 December 1997
C 255/28 EN Official Journal of the European Communities 13. 8. 98 REPORT OF THE EUROPEAN COURT OF AUDITORS on the financial statements of the European Coal and Steel Community at 31 December 1997 1. Ú This report concerns the reliability of the accounts drawn up by the Commission in accordance with Article 45c of the Treaty establishing the European Coal and Steel Community. 2. Ú The Court has audited the accounts and financial statements of the European Coal and Steel Community at 31 December 1997 in accordance with generally accepted auditing standards and carried out such checks as it considered necessary. 3. Ú In the Court’s opinion, the attached financial statements (balance sheet at 31 December 1997, profit and loss account, statement of the allocation of surplus and notes to the financial statements), which have been drawn up in accordance with generally accepted accounting prinÜ ciples, give a true and fair view of the assets and financial situation of the European Coal and Steel Community at 31 December 1997 and of the result of its operations for the year then ended. Luxembourg, 30 June 1998. Bernhard FRIEDMANN President of the Court of Auditors Armindo de SOUSA RIBEIRO Member of the Court of Auditors