For businesses and individuals who accept or use EU money, they not only have to worry about Revenue Agency snooping through their financial history but they can also be audited by the-----------

European Union's financial auditors. These auditors have the authority to review and assess the financial records of businesses and individuals who accept or use EU funds. This is to ensure that the funds are being used appropriately and in accordance with EU regulations. The process typically involves the following steps:

1. Notification: The business or individual is informed that they will be audited. This usually includes details about the scope and timing of the audit.

2. Preparation: The business or individual prepares for the audit by gathering all necessary financial records and documentation.

3. Execution: The EU auditors conduct the audit. This usually involves reviewing the financial records, interviewing key personnel, and assessing internal controls.

4. Reporting: After the audit, the auditors prepare a report detailing their findings. This report is then shared with the business or individual, as well as with relevant EU authorities.

5. Follow-up: If the auditors identify any issues or discrepancies, the business or individual may be required to take corrective action. This could involve returning funds, implementing new controls, or facing penalties.

It's important for businesses and individuals who accept or use EU money to maintain accurate and complete financial records, and to use the funds in accordance with EU regulations, to avoid any issues during an audit.