Common use of Audited Statements and Accountants Clause in Contracts

Audited Statements and Accountants. The General Partner shall, after the end of each fiscal year, prepare or cause to have prepared complete financial statements for said year. Such statements need not be audited by independent certified public accountants but shall contain, among other things, a balance sheet, statement of sources and applications of funds, statement of capital accounts and a profit and loss statement. The Partnership books shall be closed and balanced at the close of each fiscal year. All such Partnership financial statements, books and records shall be subject to review by accountants of the Limited Partners subject to prohibitions on disclosure and confidentiality requirements which are normal and customary with respect to accountants’ knowledge of their own client’s finances.

Audited Statements and Accountants. The General Partner shall, after the end of each fiscal year, prepare or cause to have prepared complete financial statements for said year. Such statements need not be audited by independent certified public accountants but shall contain, among other things, a balance sheet, statement of sources and applications of funds, statement of capital accounts and a profit and loss statement. The Partnership books shall be closed and balanced at the close of each fiscal year. All such Partnership financial statements, books and records shall be subject to review by accountants of the Limited Partners Partner subject to prohibitions on disclosure and confidentiality requirements which are normal and customary with respect to accountants’ knowledge of their own client’s finances.

Audited Statements and Accountants. The General Partner shall, after the end of each fiscal year, prepare or cause to have prepared complete financial statements for said year. Such statements need not be audited by independent certified public accountants but shall contain, among other things, a balance sheet, statement of sources and applications of funds, statement of capital accounts and a profit and loss statement. The Partnership books shall be closed and balanced at the close of each fiscal year. All such Partnership financial statements, books and records shall be subject to review by accountants of the Limited Partners subject to prohibitions on disclosure and confidentiality requirements which are normal and customary with respect to accountants’ knowledge of their own client’s finances.

Audited Statements and Accountants. The General Partner shall, after the end of each fiscal year, prepare or cause to have prepared complete financial statements for said year. Such statements need not be audited by independent certified public accountants but shall contain, among other things, a balance sheet, statement of sources and applications of funds, statement of capital accounts and a profit and loss statement. The Partnership books shall be closed and balanced at the close of each fiscal year. All such Partnership financial statements, books and records shall be subject to review by accountants of the Limited Partners subject to prohibitions on disclosure and confidentiality requirements which are normal and customary with respect to accountants’ , knowledge of their own client’s finances.