CHARACTERISTICS OF ERRORS AFFECTING LEGALITY AND REGULARITY COMMITMENTS 1.1 1.2 Primary commitments not signed within 60 days of financing decision Contracts signed after deadline for start up in financing agreement has been missed and so the primary commitment is no longer valid Non-compliance with maximum interest rates for risk capital loans to ACP states PAYMENTS Payments without legal basis or supporting documentation Discrepancy between payment and works, supplies or services actually carried out ACCOUNTANCY Transfers recorded as payments EVOLUTION OF KEY OBSERVATIONS frequent rare high low occasional rare medium low 1.3 occasional low rare low 1.4 1.5 occasional not available (no site visits) low not available (no site visits) occasional occasional low low 1.6 2. frequent high rare medium 2.1 2.2 Management of the Stabex treasury Implementation of structural adjustment support Lack of control Future correspondence with the bank regarding the purchase and sale of securities will not be deleted Trading has greatly reduced, but accounts do not clearly show gains and losses from trading or the year end market value of shares Due to lack of information on the quality of public financial management in ACP States, the Court cannot give an opinion on the use of direct budgetary aid Accounts should clearly show gains and losses from trading or the year end market value of shares 2.3 2.4 2.5 3. Risk capital payments administered by EIB Price revision mechanisms True level of primary commitments SUPERVISORY SYSTEMS AND CONTROLS REVIEW OF FINANCIAL AUDITS Interest rates higher than provided for in Lomé Convention Price revisions not provided for in contracts Believes it acted correctly though will verify correct application of Lomé in consultation with the EIB The Commission will remind all delegations in order to prevent a recurrence of this problem Commission will continue its effort to improve monitoring procedures Interest rates higher than provided for in Lomé Convention Price revisions continue to be paid without a clear contractual basis Correct application of Lomé Convention 3.1 3.2 Terms of reference do not clearly define the nature of ineligible expenditure The audit report does not clearly quantify expenditure audited and the amount of eligible and ineligible expenditure Lack of recovery action regarding ineligible expenditure identified by external auditors INTERNAL CONTROL SYSTEMS IN BRUSSELS frequent frequent frequent frequent 3.3 3.4 frequent frequent 3.5 3.6 3.7 3.8 3.9 3.10 Overall assessment of payments Overall assessment of audits Overall assessment of recoveries Overall assessment of accounting Overall assessment of all countries visited not available not available not available not available not available not available B B B C B B Key to indicators Reality of level of implementation of a selection of internal control standards relevant to underlying operations INTERNAL CONTROL SYSTEMS IN 6 ACP COUNTRIES (1) Overall assessment of tenders not available B (a) Frequency (occurrence) rare occasional frequent (b) Impact (amounts concerned) low medium high (c) Rating of supervisory systems and controls A. Works well, few or minor improvements required B. Works, but improvements necessary C. Does not work as intended (1) Ghana, Madagascar, Malawi, Uganda, Zambia, Zimbabwe. 
KARAKTERISTIK FÖR FEL SOM PÅVERKAR LAGLIGHETEN OCH KORREKTHETEN ÅTAGANDEN 2001 2002 1.1 Primära åtaganden som inte undertecknas inom 60 dagar från finansieringsbeslutet 1.2 Avtal som undertecknas efter den tidsgräns för påbörjande som föreskrivs i ofta sällan stor liten ibland sällan medel liten finansieringsöverenskommelsen, vilket innebär att det primära åtagandet förfaller 1.3 Bristande överensstämmelse med den maximala räntesatsen för riskkapitallån till AVS-länder ibland liten sällan liten BETALNINGAR 1.4 Betalningar som saknar rättslig grund eller verifierande underlag 1.5 Avvikelser mellan betalningar och de bygg-och anläggningsarbeten, varor eller tjänster som ibland ej tillgängligt (inga besök på plats) liten ej tillgängligt (inga besök på plats) ibland ibland liten liten faktiskt har tillhandahållits REDOVISNING 1.6 Överföringar som redovisas som betalningar 2.