Examples of using Transaction testing in English and their translations into Slovak
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Colloquial
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Medicine
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Ecclesiastic
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Official/political
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Computer
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Programming
Independent financial audits and transaction testing.
(5) Our sample for transaction testing included one sample item for Horizon 2020.
System weaknesses revealed through transaction testing 8.29.
Transaction testing has revealed that the Commission's ex ante systems have in some cases failed.
How we evaluate and present the results of transaction testing 11.
The Court's transaction testing sample included three projects under LLP agreements closed in 2012.
Annex 4.1 contains a summary of the results of transaction testing.
Transaction testing in the area of‘Global Europe' has revealed some control weaknesses in the Commission's systems.
Annex 4.1 provides an overview of the results of transaction testing.
We estimate the level of error to be 5,2% based on our transaction testing, including the imported adjusted RER results(see Annex I).
The procurement testing is made outside the sample of transaction testing.
Transaction testing is based on a representative statistical sample of receipts(in the case of revenue) and payments contained within the policy group concerned.
How the Court evaluates and presents the results of transaction testing 8.
Taking into account the need for maximal efficiency, of transaction testing and professional audit judgment, in respect of an integrated approach, the implementing acts shall also lay down.
Such weaknesses explain in large part the errors detected during transaction testing(see paragraph 4.8).
The Court's transaction testing also shows that over half of the errors the Court found could have been corrected by those authorities before submitting claims for reimbursement to the Commission.
For public procurement,we examined a sample of 41 projects(in addition to our transaction testing), of which eight(20%) were affected by errors.
Applying the audit approach and methods set out in Annex 1.1, we have drawn assurance for our audit opinion on revenue by assessing key selected systems,complemented by transaction testing.
Regrets that this situation was already detected last year andpoints out that the transaction testing of the Court revealed some control weaknesses in the Commission's systems;
Transaction testing involves examining each transaction selected. We determine whether or not the claim or payment was made for the purposes approved by the budget and specified in relevant legislation.
EN C 357/298 Official Journal of the European Union 4.10.2018 THE COURT'S OBSERVATIONS Annual activity reports andother governance arrangements Assessment of DG NEAR systems Systems weaknesses revealed through transaction testing 9.12.
The Court, based on the level of errors in transaction testing and its systems assessment, reiterated that IACS generally is an effective control system for limiting the risk of error or irregular expenditure.
EN Official Journal of the European Union 223 ANNEX 10.1 Assessment of the supervisory and control systems Key internal control System concerned Procurements Grants other than research projects Grants for research projects Adequate checklists Ex-ante checks Audit certification Ex-post control Overall assessment N/A N/A N/A N/A Legend Effective Partially effective Not effective N/A Not applicable:does not apply or not assessed Results of transaction testing Sample estimate of the proportion of transactions affected 7,3% by an error Error rate Below 2%.
Our transaction testing consisted of a review for 217 transactions of the audit authorities' checklists and the evidence they had to substantiate the results of their audit work and their audit opinions.
(2) As inprevious years, the Court, based on the level of errors in transaction testing and its systems assessment, reiterates that IACS generally is an effective control system for limiting the risk of error or irregular expenditure(see paragraph 5.64).
Transaction testing involves a detailed check of each transaction selected by the samples, including determination of whether or not the claim or payment was correctly calculated and in compliance with the relevant rules and regulations.
C 340/154 Official Journal of the European Union8.10.2019 EN ANNEX 6.1 RESULTS OF TRANSACTION TESTING 2018 2017 SIZE AND STRUCTURE OF THE SAMPLE Total transactions Estimated level of error Upper Error Limit(UEL) Lower Error Limit(LEL) 220 217 ESTIMATED IMPACT OF QUANTIFIABLE ERRORS 5,0% 3,0% 7,5% 2,5%.
Transaction testing involves an examination of each transaction selected, to determine whether or not the claim or payment was made for the purposes approved by the budget and the legal basis, correctly calculated and in compliance with the relevant rules and regulations.
Fourth, the Court's transaction testing shows that over half of the errors the Court found under shared management could have been corrected by national authorities before submitting claims for reimbursement to the Commission.
