Audit Procurement Sample Clauses

The Audit Procurement clause establishes the procedures and requirements for selecting and engaging auditors to review a company's financial records or operations. Typically, this clause outlines the criteria for auditor qualifications, the process for soliciting bids or proposals, and the method for final selection, ensuring transparency and fairness in the procurement process. Its core function is to ensure that audits are conducted by competent, independent parties, thereby promoting accountability and reducing the risk of conflicts of interest or inadequate oversight.
Audit Procurement. Procurement of audit services shall be conducted under the standards of procurement applicable to the Sub-grantee in accordance with 2 CFR Part 200 (Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards). The bid procedure shall be conducted at least once every five years.
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Audit Procurement. ‌ Procurement of audit services shall be conducted under the standards of procurement applicable to the Subgrantee in accordance with 45 CFR Part 75 Uniform Administrative Requirements, Cost Principles and Audit Requirements for U.S. Department of Health and Human Services (HHS) Federal Awards. The bid procedure shall be conducted at least once every five (5) years.
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Audit Procurement. ‌ Procurement of audit services shall be conducted under the standards of procurement applicable to the Sub-grantee in accordance with uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments of OMB Circular A-110. The bid procedure shall be conducted at least once every three years.
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Related to Audit Procurement

  • CFR PART 200 Procurement of Recovered Materials A non-Federal entity that is a state agency or agency of a political subdivision of a state and its contractors must comply with section 6002 of the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act. The requirements of Section 6002 include procuring only items designated in guidelines of the Environmental Protection Agency (EPA) at 40 CFR part 247 that contain the highest percentage of recovered materials practicable, consistent with maintaining a satisfactory level of competition, where the purchase price of the item exceeds $10,000 or the value of the quantity acquired during the preceding fiscal year exceeded $10,000; procuring solid waste management services in a manner that maximizes energy and resource recovery; and establishing an affirmative procurement program for procurement of recovered materials identified in the EPA guidelines. Does vendor certify that it is in compliance with the Solid Waste Disposal Act as described above? Yes

  • Strategic procurement Aim of strategic procurement: No strategic procurement

  • Equipment Procurement If responsibility for construction of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades is to be borne by the Connecting Transmission Owner, then the Connecting Transmission Owner shall commence design of the Connecting Transmission Owner’s Attachment Facilities or System Upgrade Facilities or System Deliverability Upgrades and procure necessary equipment as soon as practicable after all of the following conditions are satisfied, unless the Developer and Connecting Transmission Owner otherwise agree in writing: 5.5.1 NYISO and Connecting Transmission Owner have completed the Interconnection Facilities Study pursuant to the Interconnection Facilities Study Agreement; 5.5.2 The NYISO has completed the required cost allocation analyses, and Developer has accepted his share of the costs for necessary System Upgrade Facilities and System Deliverability Upgrades in accordance with the provisions of Attachment S of the NYISO OATT; 5.5.3 The Connecting Transmission Owner has received written authorization to proceed with design and procurement from the Developer by the date specified in Appendix B hereto; and 5.5.4 The Developer has provided security to the Connecting Transmission Owner in accordance with Article 11.5 by the dates specified in Appendix B hereto.

  • Procurement All goods, works and services required for the Project and to be financed out of the proceeds of the Financing shall be procured in accordance with the provisions of Section III of Schedule 2 to the Financing Agreement.

  • Public Procurement The Parties shall cooperate to develop conditions for open and competitive award of contracts for goods and services in particular through calls for tenders.