Certified Audit Clause Samples

A Certified Audit clause requires that a party’s financial records or statements be examined and verified by an independent, qualified auditor. In practice, this means that the party must provide access to relevant documents and cooperate with the audit process, ensuring that the financial information presented is accurate and complies with agreed standards. This clause is essential for providing assurance to the other party that financial representations are trustworthy, thereby reducing the risk of misreporting or fraud.
Certified Audit. Draper shall provide for a certified audit of the accounts and records of its operations in performing the Services referenced herein, which audit shall conform to generally accepted auditing standards. Such audit shall be open for inspection by each Party’s representative at all reasonable times.
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Certified Audit. Ernst & Young, LLP shall conduct a certified audit of the Company as at August 31, 1997, the results of which shall be satisfactory to Holdings in its sole and absolute discretion.
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Certified Audit. 1. Within one hundred and twenty (120) days of the termination date of this AGREEMENT, and within one hundred and twenty (120) days of any June 30 occurring during the TERM of this AGREEMENT, CONTRACTOR will furnish MHD a copy of the audit of CONTRACTOR’s financial records for TERM of this AGREEMENT or CONTRACTOR’s last audited period, whichever is later, as well as a financial statement for that period, prepared by a Certified Public Accountant. The audit report will include a schedule of revenues and costs by program. Extensions of this AGREEMENT will not extend the date by which this material must be submitted. Extensions of time to submit this material will be given where such audit is delayed by COUNTY’s failure to provide necessary information and may be granted in other instances at the sole discretion of COUNTY. CONTRACTOR’s request for such extension must be made, in writing to the MHD Director, at least ten (10) working days prior to the date on which the material is due. 2. If applicable, CONTRACTOR will provide COUNTY with a Single Audit report when required by Federal law. The report will be prepared by a Certified Public Accountant, which is in accordance with applicable provisions of the Federal Single Audit Act of 1984 as amended by the Single Audit Act Amendment of 1996 (Public Law 98-502) by the earlier of thirty (30) days after the receipt of the audit report or nine (9) months after the end of the audit period.
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Certified Audit. Within the fifteen (15) day approval period set forth in paragraph 4(b), Purchaser may obtain an audited financial operating statement for the Property for the year ended December 31, 1995 (in a form typically required for SEC filings) certified by KPMG Peat Marwick LLP, Chicago, Illinois provided that the form certification letter to Peat Marwick from Seller shall be substantially in the form attached hereto as Exhibit D. Representations made by Seller to Peat Marwick are made solely for the benefit of Peat Marwick and shall not be deemed to be representations to Purchaser and may not be relied upon by Purchaser. Purchaser shall pay for the cost of said audited financial operating statements regardless of whether the transaction contemplated hereby is completed.
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Certified Audit. Upon the termination of this Agreement, the WINDSOR GATE Board, at its expense, may engage the services of a duly licensed Certified Public Accountant to render a certified audit of the financial statement of WINDSOR GATE for commencing at the beginning o the latest fiscal year of WINSDOR GATE or six (6) months from the termination date, whichever period shall be longer.
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Related to Certified Audit

  • SAO AUDIT A. The state auditor may conduct an audit or investigation of any entity receiving funds from the state directly under the Contract or indirectly through a subcontract under the Contract. The acceptance of funds directly under the Contract or indirectly through a subcontract under the Contract acts as acceptance of the authority of the state auditor, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. Under the direction of the legislative audit committee, an entity that is the subject of an audit or investigation by the state auditor must provide the state auditor with access to any information the state auditor considers relevant to the investigation or audit. B. Grantee shall comply with any rules and procedures of the state auditor in the implementation and enforcement of Section 2262.154 of the Texas Government Code.

  • Accountant A person engaged in the practice of accounting who (except when this Agreement provides that an Accountant must be Independent) may be employed by or affiliated with the Depositor or an Affiliate of the Depositor.

  • Final Audit The Commission will perform a final audit of project costs. The United States Government shall reimburse the City, through the Commission, any monies due. The City shall refund any overpayments as determined by the final audit.

  • Independent Auditor If: (a) the Provider is the Distributor and, acting reasonably, gives notice that the Records contain information about other industry participants that cannot reasonably be severed from the information relating to the Trader or that the information is commercially sensitive; or (b) the provider is the Trader and, acting reasonably, gives notice that the Records contain information about other industry participants that cannot reasonably be severed from information relating to the Distributor or that the information is commercially sensitive, then the Distributor or the Trader, as appropriate, will permit an independent auditor (the “Auditor”) appointed by the other party to review the Records and the other party will not itself directly review any of the Records. The Distributor or the Trader, as appropriate, will not unreasonably object to the Auditor appointed by the other party. In the event that the Distributor or the Trader, as appropriate, reasonably objects to the identity of the Auditor, the parties will request the President of the New Zealand Law Society (or a nominee) to appoint a person to act as the Auditor. The party that is permitted by this clause 31.5 to appoint an Auditor will pay the Auditor’s costs, unless the Auditor discovers a material inaccuracy in the Records in which case the other party will pay the Auditor’s costs. The terms of appointment of the Auditor will require the Auditor to keep the Records confidential.

  • PRICING/AUDIT The Contractor shall establish and maintain a reasonable accounting system, which enables ready identification of Contractor’s cost of goods and use of funds. Such accounting system shall also include adequate records and documents to justify all prices for all items invoiced as well as all charges, expenses and costs incurred in providing the goods for at least five (5) years after completion of this contract. The County or its designee shall have access to such books, records, subcontract(s), financial operations, and documents of the Contractor or its subcontractors, as required to comply with this section for the purpose of inspection or audit anytime during normal business hours at the Contractor's place of business. This right to audit shall include the Contractor’s subcontractors used to procure goods under the contract with the County. Contractor shall ensure the County has these same rights with subcontractors and suppliers.