Audit Programs Clause Samples

Audit Programs. (1) Within sixty (60) days, the Audit Committee shall submit to the Assistant Deputy Comptroller an action plan detailing how they will improve the quality of their supervision over the audit functions of the Bank to ensure that high risk areas are reviewed and to ensure realistic, timely and meaningful responses from management on deficiencies noted by the internal or external audit, loan review, or compliance review. Once implemented, the Board shall ensure that adequate oversight is maintained. (2) Within sixty (60) days, the Audit Committee shall develop and implement a plan to review, assess and determine compliance with applicable consumer law and regulation during the next audit cycle. (3) Within ninety (90) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to an independent internal audit program sufficient to: (a) detect irregularities in the Bank's operations; (b) determine the Bank's level of compliance with all applicable laws, rules and regulations; (c) evaluate the Bank's adherence to established policies and procedures, with particular emphasis directed to the Bank's adherence to its loan, compliance, and technology policies; (d) ensure adequate audit coverage in all areas; and (e) establish an annual audit plan using a risk based approach to achieve these objectives. (4) The Board shall ensure that the entire audit program is independent. The persons responsible for implementing the internal audit program described above shall report directly to the Board, which shall have the sole power to direct their activities. All reports prepared by the audit staff shall be filed directly with the Board and not through any intervening party. (5) The Board shall ensure that the audit function is supported by an adequately staffed department or outside firm, with respect to both the experience level and number of individuals employed. (6) As part of this audit program, the Board shall evaluate the audit reports of any party providing services to the Bank, and shall assess the impact on the Bank of any audit deficiencies cited in such reports. (7) All audit reports shall be in writing and that auditors shall maintain a written record describing those actions. (8) The audit staff shall have access to any records necessary for the proper conduct of its activities. National Bank Examiners shall have access to all reports and work papers of the audit staff and any other parties working on its behalf. (9) Upon adoption, a copy of th...

Audit Programs. In addition to cooperating with internal audits, as outlined in Section D.11, Contractor shall utilize the audit and compliance programs outlined below throughout the Term: • Contractor Management Audit – Contractor shall review the administrative and accounting systems in place at Facilities that have been managed by Contractor for at least one year. This audit shall measure compliance with Contractor’s operating procedures.

Audit Programs. Infortrend shall perform a series of monitoring tests to ensure that its Product(s) conform to Dot Hill's requirements, as set forth herein. A brief description of each test requirement follows.

Audit Programs. Delta Dental at all times reserves the right to review services rendered and fees charged by Dentists. Such review may encompass, without limitation, verification of treatment reported, the necessity of treatment, the identity of the Dentist performing the treatment, the adequacy of the standards of care employed, fees charged and collections made with respect to non subscriber patients, and the reimbursement for the services reviewed. Dentists shall keep all patient records, books, accounts, electronic files and proof of services necessary or appropriate to enable Delta Dental to complete its review, and Delta Dental shall be entitled to inspect such records as it may determine to be necessary and appropriate and at such times and locations as it may determine to be necessary and appropriate. Said records shall be maintained in accordance with generally accepted dental practices and shall include, but not be limited to, records that clearly indicate the following: Procedures rendered; the person(s) performing the procedures; the date on which procedures were rendered; charges by procedure entered on the date of service; insurance payments received and the date of the receipt of same; adjustment for Delta Dental discount; patient payments received and the date of receipt of same; and patient balances billed.