Before revision: A study by Ernst and Young contracted by the European Commission at the end of 2016 seems to be the most recent evaluation of the project;Ernst and Young: 'EY Report on EFSI' European Commission, Nov 2016 while EY is a well-known audit company the report takes pains to point that it is an 'ad hoc audit' that has to be done in a 'short time frame': one month for data collection based on interviews with project stakeholders and an online survey of 136 participants with 65 full responses (page 12) and as such has 'limitations to the level of depth' (page 2) Controversy In July 25, 2021, an investigation report published by THE KEITH & EVEN GROUP suggests that 28 out of the 656 signed projects involved in serious controversies such as corruption, fraud, and financial fraud.
After revision: A study by Ernst and Young contracted by the European Commission at the end of 2016 seems to be the most recent evaluation of the project;Ernst and Young: 'EY Report on EFSI' European Commission, Nov 2016 while EY is a well-known audit company the report takes pains to point that it is an 'ad hoc audit' that has to be done in a 'short time frame': one month for data collection based on interviews with project stakeholders and an online survey of 136 participants with 65 full responses (page 12) and as such has 'limitations to the level of depth' (page 2) Controversy On July 25, 2021, an investigation report published by THE KEITH & EVEN GROUP suggests that 28 out of the 656 signed projects involved in serious controversies such as corruption, fraud, and financial fraud.