Common use of Annual Audits Clause in Contracts

Annual Audits. ‌ Each fiscal year, the School shall provide for an independent annual financial audit pursuant to HRS §302D-32. The School shall submit the completed audit by November 1 of each fiscal year. The Commission, with reasonable notice to the School, may change this deadline depending on circumstances that allow adequate time for the Commission to meet federal and state financial reporting requirements.

Annual Audits. ‌ Each fiscal year, the School shall provide for an independent annual financial audit pursuant to HRS §302D-32. The School shall submit the completed audit by November 1 of each fiscal year. The Commission, with reasonable notice to the School, may change this deadline depending on circumstances that allow adequate time for the Commission to meet federal and state financial reporting requirements.