Common use of Accounting Practices Clause in Contracts

Accounting Practices. The Company makes and keeps accurate books and records reflecting its assets and maintains internal accounting controls that provide reasonable assurance that (i) transactions are executed with management's authorization, (ii) transactions are recorded as necessary to permit preparation of the Company financial statements and to maintain accountability for the assets of the Company and (iii) the reported accountability of the assets of the Company other than furniture, equipment and fixtures is compared with existing assets at reasonable intervals.

Appears in 5 contracts

Samples: Agreement and Plan of Merger and Reorganization (Parentech Inc), Agreement and Plan of Merger and Reorganization (Parentech Inc), Agreement and Plan of Merger and Reorganization (Parentech Inc)

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Accounting Practices. The Company makes and keeps accurate books and records reflecting its assets and maintains internal accounting controls that provide reasonable assurance that (ia) transactions are executed in accordance with management's authorization, authorization and (iib) transactions are recorded as necessary to permit preparation of the Company financial statements Company's Financial Statements and to maintain accountability for the assets of the Company and (iii) the reported accountability of the assets of the Company other than furniture, equipment and fixtures is compared with existing assets at reasonable intervalsCompany.

Appears in 1 contract

Samples: Stock Purchase Agreement (Dynamics Research Corp)

Accounting Practices. The Company makes and keeps accurate books and records in accordance with sound business practices reflecting its assets and maintains proper and adequate internal accounting controls that provide reasonable assurance that (ia) transactions are executed in accordance with management's authorization, authorization and (iib) transactions are recorded as necessary to permit preparation of the Company financial statements Company's Financial Statements and to maintain accountability for the assets of the Company and (iii) the reported accountability of the assets of the Company other than furniture, equipment and fixtures is compared with existing assets at reasonable intervalsCompany.

Appears in 1 contract

Samples: Equity Purchase Agreement (Dynamics Research Corp)

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Accounting Practices. The Company makes and keeps accurate books and records reflecting its assets and its business operations and the Company maintains internal accounting controls that provide reasonable assurance that (i) transactions are executed with management's authorization, (ii) transactions are recorded as necessary to permit preparation of the Company Company's financial statements and to maintain accountability for the assets of the Company, (iii) access to the assets of the Company is permitted only in accordance with management's authorization and (iiiiv) the reported accountability of the assets of the Company other than furniture, equipment and fixtures is compared with existing assets at reasonable intervals.

Appears in 1 contract

Samples: Stock Purchase Agreement (Airnet Systems Inc)

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