Common use of External Audits Clause in Contracts

External Audits. 2.1 The Contractor’s Financial Statements shall be audited annually, by an independent external auditor, pursuant to the Tax Code of the Federation and its Regulations in force. 2.2 The external independent auditor shall deliver the following information to the Ministry of Finance through the information system provided for such purpose by the Fund: Written report prepared by the external independent auditor. Financial statements: Statement of financial condition; Statement of results; Statement of changes in shareholder’s equity, and Statement of cash flows. Notes to the Financial Statements; If there are transactions with Related Parties, the Transfer Pricing Study; [illegible signatures] Letters of recommendations to the Operator regarding internal control pursuant to international accounting practices; and The Operator’s response regarding actions to be implemented as a result of the internal control recommendations proposed by the external independent auditor. Such information shall be delivered no later than July 15 of the tax year following the tax year for which the financial statements are audited. 2.3 Any adjustment resulting from the independent audit shall be immediately recorded in the Operating Account. Furthermore, such adjustment shall be reported to the Ministry of Finance, together with the information referenced in subsection 2.2 of this Annex 4. 2.4 The costs of the annual external audit referred to in subsection 2.1 of this Annex 4 shall be paid by the Operator and shall be considered Recoverable Costs.

External Audits. 2.1 The Contractor’s Financial Statements shall be audited annually, by an independent external auditor, pursuant to the Tax Code of the Federation and its Regulations in force. 2.2 The external independent auditor shall deliver the following information to the Ministry of Finance through the information system provided for such purpose by the Fund: Written report prepared by the external independent auditor. Financial statements: Statement of financial condition; Statement of results; Statement of changes in shareholder’s equity, and Statement of cash flows. Notes to the Financial Statements; If there are transactions with Related Parties, the Transfer Pricing Study; [illegible signatures] : Letters of recommendations to the Operator regarding internal control pursuant to international accounting practices; and The Operator’s response regarding actions to be implemented as a result of the internal control recommendations proposed by the external independent auditor. Such information shall be delivered no later than July 15 of the tax year following the tax year for which the financial statements are audited.. [illegible signatures] 2.3 Any adjustment resulting from the independent audit shall be immediately recorded in the Operating Account. Furthermore, such adjustment shall be reported to the Ministry of Finance, together with the information referenced in subsection 2.2 of this Annex 4. 2.4 The costs of the annual external audit referred to in subsection 2.1 of this Annex 4 shall be paid by the Operator and shall be considered Recoverable Costs.