The European Court of Auditors was established in 1975, and audits the accounts of EU institutions.
When the Court of Auditors finds 4% of spending "irregular" what does that mean?
The projects examined by the Court of Auditors were in the Czech Republic, Italy and Lithuania.
The European Court of Auditors report covers the 10 ex-communist countries which joined the EU in 2004-2007.
Every year the Court of Auditors produces a report on the implementation of the previous year's EU budget.
One proof of his talents is that even the Court of Auditors seems to be developing a sneaking respect for his handiwork.
Prime Minister Jean Marc-Ayrault has asked the French Court of Auditors for a report "on the state of our public accounts, " she said.
This is the 17th year in succession that the Court of Auditors has refused to give a so-called "unqualified statement of assurance" to the EU accounts.
The Court of Auditors is based in Luxembourg and was established in 1975 under the Budgetary Treaty, made up of one member from each EU country.
Ms Andreasen's allegations are repeated in the Financial Times newspaper, which on Thursday published details of what it said were leaked documents from the EU's court of auditors.
Part of the explanation for this is that the EU Court of Auditors gives just one judgement on the whole of the EU's spending, instead of judging different areas of activity separately.
You can never say there won't be fraud, but until the member states adopt the proposals they agreed to in April 2006, which asks them to take more accountability, the Court of Auditors will never give a positive statement of assurance.
We saw the same selfish arguments rolled out when the New York Court of Appeals considered whether to extend liability to the auditors when executives commit fraud on their watch.
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