A new article by Sara Davies and Laura Polverari has been published in Regional Studies. Against the background of the many changes introduced to European Cohesion policy since the late 1990s to ensure and demonstrate financial accountability, the article examines how the increased emphasis on financial management, control and audit in relation to the European Union budget is reshaping the governance of Cohesion policy, as well as the instruments of financial accountability. It also assesses the effects of these new instruments on financial flows and considers how these changes are perceived by policy-makers. Lastly, the article explores the difficulties of assessing the impact of administrative changes on financial accountability in Cohesion policy. The article can be accessed from this link: here