Common use of Auditing Services Clause in Contracts

Auditing Services. ▇▇▇▇▇▇ will assist and coordinate with the Employer to enlist the services of an auditor to conduct one audit of the Trust, at ▇▇▇▇▇▇’▇ expense. This auditor's report will be for the limited purposes of (1) assessing the performance of the Retirement Board of Authority and the service providers in the Program, to ensure that each party’s duties have been performed in accordance with the written agreements governing the Program, and (2) advising the Retirement Board of Authority whether the Trust’s financial statements have been prepared in accordance with Generally Accepted Accounting Principals (GAAP), as is prudent for such an organization.