Audits and Statements. IPS shall prepare, after consultation with the Policy Board, annual financial statements for the operations of Provider and shall cause the annual financial statements to be audited by an independent certified public accountant selected by IPS.
Audits and Statements. 11 SECTION 5.4 Inventory and Supplies.................................11 SECTION 5.5 Management Services and Administration.................12 SECTION 5.6 Executive Director.....................................16 SECTION 5.7 Personnel..............................................16 SECTION 5.8 Events Excusing Performance............................17 SECTION 5.9 Compliance with Applicable Laws........................17 SECTION 5.10 Quality Assurance.....................................17 SECTION 5.11 Ancillary Services....................................17
Audits and Statements. Manager shall prepare financial statements reflecting the operations of PHO on a monthly basis and PODS performance reports on a quarterly basis or at such other frequency as Manager and PHO mutually determine to be reasonable. All financial statements prepared by Manager shall be prepared in accordance with generally accepted accounting principles. If PHO desires an audit of these financial statements, it may obtain such audit as a PHO Expense;
Audits and Statements. INMD will prepare annual financial statements for operations of FCI at the Facilities within ninety (90) days of the close of the Fiscal Year. INMD shall prepare monthly financial statements containing a balance sheet and statement of operations, which shall be delivered to FCI within thirty (30) days after the close of each calendar month.
Audits and Statements. Manager shall prepare financial statements reflecting the operations of IPA on a monthly basis and PODS performance reports on a quarterly basis or at such other frequency as Manager and IPA mutually determine to be reasonable. If IPA desires an audit of these financial statements, it may obtain such audit as an IPA Expense.
Audits and Statements. PHYN shall prepare unaudited annual financial statements for the operations of the Clinical Facility. If the Practice desires an audit of such financial statements, the Practice shall notify PHYN, and the cost of such audit shall be (i) paid by PHYN if such audit discloses that EBIT has been understated in an amount in excess of the greater of $2,000,000 or two (2%) percent of EBIT, and (ii) paid equally by PHYN and the Practice if such audit discloses that EBIT has not been understated in an amount in excess of the greater of $2,000,000 or two (2%) percent of EBIT. Any audit conducted in accordance with this section shall be conducted in accordance with GAAP. PHYN shall prepare monthly unaudited financial statements containing statements of income (including itemization of Clinical Revenues and Clinical Facility Expenses for such period and year to date), a statement of aged accounts receivable, all with respect to Clinical Facility operations, which shall be delivered to the Practice within twenty (20) business days after the close of each calendar month. PHYN shall prepare quarterly a list of depreciable and amortizable assets located in the Clinical Facility with a book value in excess of $100,000. Such statements shall be prepared both on the basis of regional practice sites and in the aggregate. The cost of the preparation of such financial statements and other financial statements of the Practice by PHYN, and local business, use and property taxes all shall be included in Clinical Facility Expenses. The Practice shall be solely responsible only for its income taxes, whether state or federal, and fees imposed on professional licenses.
Audits and Statements. Manager shall cause to be prepared annual financial statements for the operations of Practice and Manager and shall cause the financial statements of Manager to be included in the audited financial statements of Parent by a certified public accountant selected by Manager in connection with the audit of the financial statements of Parent. All financial statements shall be prepared in accordance with GAAP on a consistent basis and the cost thereof shall be a Manager Expense. Manager shall prepare monthly unaudited financial statements containing a balance sheet and statements of income from Practice operations, which shall be delivered to Practice within thirty (30) days after the close of each calendar month. In addition, Practice shall be solely responsible for the cost of the preparation and any audit of the financial statements or tax returns of Practice.
Audits and Statements. Management Company will prepare annual financial statements for operations of PC at the Facilities within ninety (90) days of the close of the Fiscal Year. Management Company shall prepare monthly financial statements containing a balance sheet and statement of operations, which shall be delivered to PC within thirty (30) days after the close of each calendar month.
Audits and Statements. Management Company shall prepare annual financial statements for the operations of the Professional Corporation and, if appropriate, shall cause the financial statements to be audited by a certified public accountant of good standing selected by Management Company. If Professional Corporation desires an audit of the financial statements provided by Management Company hereunder, Professional Corporation may obtain such an audit at its own expense. Management Company shall prepare monthly unaudited financial statements containing a balance sheet and statements of income and cash flow from Professional Corporation's operations, which shall be prepared and made available to Professional Corporation within thirty (30) days after the close of each calendar month.
Audits and Statements. As soon as practicable after the end of each fiscal year, but in any event within ninety (90) days after such close, Manager shall prepare or cause to be prepared annual financial statements for the operations of the Practice Group's business. If Manager determines that audited statements of revenue for the Practice Group are in the best interest of Manager and the Practice Group, then Manager shall arrange for such audit and the cost of such audit shall be Manager's and not be a Practice Business Expense. Manager shall prepare or cause to be prepared (i) monthly unaudited financial information with respect to the Practice Group's operations, in a reasonable format consistent with the format for financial information provided by Manager to other orthodontic groups managed by it, and (ii) a monthly statement of Practice Business Expenses, each of which shall be delivered to Practice Group within forty (45) days after the close of each calendar month.
