Common use of Accounting Control Clause in Contracts

Accounting Control. The Company maintains a system of internal accounting controls sufficient to provide reasonable assurances that (i) transactions are executed in accordance with management's general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Accounting Control. The Company maintains and its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurances assurance that (i) transactions are executed in accordance with management's general or and specific authorizationauthorizations; (ii) transactions are recorded as necessary to permit preparation preparations of financial statements in conformity with generally accepted accounting principles GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management's general or specific authorizationauthorizations; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.