EU Parliament Committee on Budgetary Control members are scheduled to be in Cyprus for three days in September to examine whether bloc funds are properly managed.
But mainly to examine whether proper measures are taken to prevent possible corruption, Philenews reported on Tuesday.
The mission will be in Cyprus on September 19, 20 and 21.
Informed sources also said the mission of this special committee aims to establish whether the management and control system of the European funds received by Cyprus is effective.
In particular, whether measures are taken to avoid possible conflicts of interest, fraud and corruption.
Cyprus is not under the microscope of the competent committee of the European Parliament in the context of wider and institutionalized control of the 27 member states of the European Union, one source also said.
The specific committee consists of a total of 30 members coming from 16 countries. Its aim is to ensure the effective control of the European Union budget.