How is Adverse Report defined in a legal contract?
- Adverse report means a declaration from [the council] expressing the view that a particular component of a bill or a subsidiary legislation might be a distinguishing mechanism. Seen in 27 SEC filings.
- Adverse report means there are considerable flaws in the system design of [the firm]'s quality control, pervasive instances of noncompliance with the system as a whole, or both. This results in several severe failures to adhere to professional standards on [engagements]. Seen in 8 SEC filings.
- Adverse report means a written correspondence linked to the disciplinary action or caution regarding disciplinary action on [an employee]. Seen in 6 SEC filings.
- Adverse report means a summary by a peer reviewer indicating a severe deficiency in quality control or professional standards in the [individual] or [firm] under review. Seen in 1 SEC filing.
- Adverse report means there are considerable deficiencies in the design of the quality control system. Seen in 1 SEC filing.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of adverse report' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Adverse Report means a declaration marking significant issues in a system, policy or individual's conduct.
Relevant Contract Types
Relevant Circumstances
- During an audit or inspection
- Following a regulatory or standards compliance review
- Delinquency or non-performance of duties by an employee or contracted party
- Unresolved quality control issues
Relevant Sectors
Genie Definition 2
Adverse Report means a written correspondence related to the disciplinary action on an [employee].
Relevant Contract Types
Relevant Circumstances
- In cases of employee misconduct
- After a disciplinary review board meeting
- Upon violation of company policies or code of conduct
Relevant Sectors
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Adverse Report means a declaration marking significant issues in a system, policy or individual's conduct.
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