External auditing Clause Samples
External auditing. The accounts of the ESM shall be audited by independent external auditors approved by the Board of Governors. The auditors shall have full power to examine all books and accounts of the ESM and obtain full information about its transactions.
External auditing. The external auditors will include in their annual reports an opinion on the sufficiency of the internal controls, and of the rationability of the financial record of the operations subject to market risk, and they will determine if the mentioned record and the Notes adequately reflect and reveal the market risks and the equity requirements necessary to cover them, that the Banks face according to this Agreement.