Common use of Adverse opinion Clause in Contracts

Adverse opinion. Based on the examination referred to above, it is my opinion that for the period 1 October 20xx until 30 September 20xx+1) the ma- nagement and control systems established for the IPA component [1 to 5] to contribute to the production of reliable [statements of expenditure] [accounts and statements of expenditure]3 presented to the Commission and, therefore, to help to ensure, inter alia, the legality and regularity of the transactions underlying those state- ments, did not function effectively and, concerning its design and operation, failed to comply, in significant respects, with applicable requirements of the IPA Framework Agreement and/or any other agreements between the Commission and the Government of the Republic of Croatia in the framework of IPA. This adverse opinion is based on the following observation(s): e Describe the circumstances giving rise to the reservations – toge- ther with its significant compliance implications with Community rules – and name in particular the bodies affected, if applicable. Because of the effects of the matters described in the preceding pa- ragraph [Republic of Croatia] [the... authority] [any other actor(s)] has failed to comply with the requirements of the IPA Framework Agreement and/or any other agreements between the Commission and (country) in the framework of IPA. The audits were conducted between DD/MM/20YY and DD/ MM/20YY. A report on my findings is delivered at the same date as the date of this opinion.

Adverse opinion. Based on the examination referred to above, it is my opinion that for the period 1 October 20xx until 30 September 20xx+1) the ma- nagement and control systems established for the IPA component [1 to 5] to contribute to the production of reliable [statements of expenditure] [accounts and statements of expenditure]3 presented to the Commission and, therefore, to help to ensure, inter alia, the legality and regularity of the transactions underlying those state- ments, did not function effectively and, concerning its design and operation, failed to comply, in significant respects, with applicable requirements of the IPA Framework Agreement and/or any other agreements between the Commission and the Government of the Republic of Croatia in the framework of IPA. This adverse opinion is based on the following observation(s): e Describe the circumstances giving rise to the reservations – toge- ther with its significant compliance implications with Community rules – and name in particular the bodies affected, if applicable. Because of the effects of the matters described in the preceding pa- ragraph [Republic of Croatia] [the... . authority] [any other actor(s)] has failed to comply with the requirements of the IPA Framework Agreement and/or any other agreements between the Commission and (country) in the framework of IPA. The audits were conducted between DD/MM/20YY and DD/ MM/20YY. A report on my findings is delivered at the same date as the date of this opinion.

Adverse opinion. Based on the examination referred to above, it is my opinion that for the period 1 October 20xx until 30 September 20xx+1) the ma- nagement and control systems established for the IPA component [1 to 5] to contribute to the production of reliable [statements of expenditure] [accounts and statements of expenditure]3 presented to the Commission and, therefore, to help to ensure, inter alia, the legality and regularity of the transactions underlying those state- ments, did not function effectively and, concerning its design and operation, failed to comply, in significant respects, with applicable requirements of the IPA Framework Agreement and/or any other agreements between the Commission and the Government of the Republic of Croatia in the framework of IPA. This adverse opinion is based on the following observation(s): e Describe the circumstances giving rise to the reservations – toge- ther together with its significant compliance implications with Community Co- mmunity rules – and name in particular the bodies affected, if applicable. Because of the effects of the matters described in the preceding pa- ragraph [Republic of Croatia] [the... . authority] [any other actor(s)] has failed to comply with the requirements of the IPA Framework Agreement and/or any other agreements between the Commission and (country) in the framework of IPA. The audits were conducted between DD/MM/20YY and DD/ MM/20YY. A report on my findings is delivered at the same date as the date of this opinion.