'serious deficiency in the effective functioning of a management and control system' means a deficiency for which substantial improvements in the system are required, which exposes the Fund to significant risk of irregularities, and the existence of which is incompatible with an unqualified audit opinion on the functioning of the management and control system.
ciallaíonn 'easnamh tromchúiseach i bhfeidhmiú éifeachtach an chórais bainistíochta agus rialaithe', easnamh a éilíonn feabhsuithe substaintiúla sa chóras, a nochtann an Ciste do riosca suntasach maidir le neamhrialtachtaí, ar nithe nach bhfuil comhoiriúnach le tuairim iniúchóireachta neamhcháilithe maidir le feidhmiú an chórais bainistíochta agus rialaithe.