Division Or (Adverse opinion)

In my opinion, and based on the audit work performed:

• the accounts give/do not give [delete as appropriate] a true and fair view, as established by Article 29(5) of Regulation (EU) No 480/2014;

• the expenditure in the accounts for which reimbursement has been requested from the Commission is/is not [delete as appropriate] legal and regular;

• the management and control system put in place functions/does not function [delete as appropriate] properly.

This adverse opinion is based on the following aspects:

• in relation to material matters related to the accounts:

  and/or [delete as appropriate]

• in relation to material matters related to the legality and regularity of the expenditure in the accounts for which reimbursement has been requested from the Commission:

  and/or [delete as appropriate]

• in relation to material matters related to the functioning of the management and control system:^f1

The audit work carried out puts in doubt the assertions made in the management declaration for the following aspects:

[The audit authority may also include emphasis of matter, not affecting its opinion, as established by internationally accepted auditing standards. A disclaimer of opinion can be foreseen in exceptional cases^f2.]