Financial Management; Financial Reports; Audits. 1. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions.
Financial Management; Financial Reports; Audits. 1. The Project Implementing Entity shall maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Bank, both in a manner adequate to reflect the operations and financial condition of the Project Implementing Entity, including the operations, resources and expenditures related to the Project.
Financial Management; Financial Reports; Audits. 1. The Project Implementing Entity shall, acceptable to the Association:
Financial Management; Financial Reports; Audits. 1. The Recipient shall cause the Palestinian Authority, through the MOF, MOEHE and MOH, to maintain or cause to be maintained a financial management system in accordance with the provisions of Section 2.07 of the Standard Conditions.
Financial Management; Financial Reports; Audits. 1. Lagos State shall maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the World Bank, both in a manner adequate to reflect the operations, resources and expenditures related to the Project.
Financial Management; Financial Reports; Audits. 1. The provisions of paragraphs 1, 2, 3 and 4 of Section II.B of Schedule 2 to the Original Grant Agreement are incorporated by reference herein and form an integral part of this Agreement, provided that:
Financial Management; Financial Reports; Audits. 1. The Recipient, through the Palestinian Authority, shall cause the MOEHE to maintain a financial management system in accordance with the provisions of accordance with the provisions of Section 2.07 of the Standard Conditions.
Financial Management; Financial Reports; Audits. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions. The Recipient shall ensure that interim unaudited financial reports for the Project are prepared and furnished to the World Bank as part of the Project Report not later than forty five days (45) after the end of each calendar quarter, covering the quarter, in form and substance satisfactory to the World Bank. The Recipient shall have its Financial Statements for the Project audited in accordance with the provisions of Section 2.07(b) of the Standard Conditions. Each audit of the Financial Statements shall cover the period of one (1) calendar year of the Recipient. The audited Financial Statements for each such period shall be furnished to the World Bank not later than six (6) months after the end of such period. The Recipient shall have the Project reviewed by the Internal Audit Service of DENR (IAS) at the end of each calendar semester starting December 31, 2011. The Recipient shall cause IAS to furnish a report to DENR Management and the World Bank, not later than ninety (90) days after the end of each semester. An independent audit firm will be engaged by the DENR through the National Program Support for Environment and Natural Resources Management Project to strengthen the IAS of the DENR. Without limitation upon the provisions of paragraphs 1 and 2 of Part A of this Section II, the Recipient shall have an independent assessment, in scope and detail satisfactory to the World Bank, performed of the technical and fiduciary performance of the Recipient under the Project. Such assessment shall be carried out by a private firm having qualifications and terms of reference acceptable to the World Bank. The report of such review shall be furnished to the World Bank not later than sixty (60) days after the mid-term review referred to in paragraph 2 of Part A of this Section II. For the duration of the Project, the Recipient shall, within twelve (12) months from issuance of each external audit report, complete implementation of the recommendations arising from such external audits, all in a manner satisfactory to the World Bank.
Financial Management; Financial Reports; Audits. 1. The Recipient, through the Croatia PIT, shall maintain a financial management system in accordance with the provisions of Section 2.07 of the Standard Conditions.
Financial Management; Financial Reports; Audits. 1. The Recipient, through SEMARNAT (through INE) shall, and shall cause IMTA to, ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions.