Financial Statement Audits Clause Samples
The Financial Statement Audits clause requires a party, typically a company, to allow its financial records to be examined by an independent auditor. This process involves providing access to relevant accounting documents and cooperating with the audit procedures to verify the accuracy and completeness of the financial statements. By mandating such audits, the clause ensures transparency and accountability, helping to detect errors or fraud and providing assurance to stakeholders about the reliability of the company’s financial reporting.
Financial Statement Audits. The Operators shall use their best efforts to cause Seller's Auditors to deliver to Buyer at Buyer's expense, within sixty (60) days following the Closing Date, such audited financial statements of Seller necessary to comply with Rule 3-05 of Regulation S-X promulgated by the Securities and Exchange Commission for filing by Integrated Living Communities, Inc. with a Current Report on Form 8-K regarding the transactions contemplated herein, and to cause Seller's Auditors to cooperate with Buyer's Auditors in preparing the required pro forma financial statements for filing therewith. Notwithstanding the level of review of the Facility's financial statements by Buyer pursuant to Section 8.1 above, Seller shall cooperate with Buyer and its independent certified public accountants, if Buyer deems it necessary or desirable, to audit the balance sheets, statements of operations and statements of cash flow of Seller for up to three (3) calendar years ended prior to Closing. Without limiting the foregoing, the Operators shall make available all information requested by Buyer or its auditors, and the Operators (and their chief executive and chief financial officers) shall execute and deliver to the auditors all representation letters requested by Buyer's auditors. Such audits shall be conducted at Buyer's expense.
Financial Statement Audits. If Contractor receives $75,000 or more combined in federal, state, or City funds annually, Contractor shall have a financial statement audit. A financial statement audit is the examination of Contractor's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. This financial statement audit shall be prepared in accordance with GAAP and performed by an independent Certified Public Accountant, in accordance with Generally Accepted Auditing Standards (GAAS). Contractor shall deliver a report of each such financial statement audit and accompanying financial statements to City no later than September 30 after the City’s fiscal year-end. City may extend the deadline by up thirty (30) calendar days upon Contractor’s written request. Each financial statement audit report shall include the following statements:
10.1.1 a statement of expenditures of City funds by program, identified in the same expenditure classifications as contained in the final budget and compared with the budgeted amounts; and
10.1.2 a statement of revenues and expenditures, and a statement of financial position for all funds received by Contractor; and
10.1.3 a statement certifying compliance with all terms and conditions of this Agreement, and that all required reports and disclosures have been completed and submitted, attested to by an executive officer, general partner, or owner of Contractor.
Financial Statement Audits. If Contractor receives $75,000 or more combined in federal, state, or City funds annually, Contractor shall have a financial statement audit. A financial statement audit is the examination of Contractor's financial statements and accompanying disclosures by an independent auditor. The result of this examination is a report by the auditor, attesting to the fairness of presentation of the financial statements and related disclosures. This financial statement audit shall be prepared in accordance with GAAP and performed by an independent Certified Public Accountant, in accordance with Generally Accepted Auditing Standards (GAAS). Contractor shall deliver a report of each such financial statement audit and accompanying financial statements to City no later than September 30 after the City’s fiscal year-end. City may extend the deadline by up thirty
Financial Statement Audits. In the event that Purchaser deems it necessary or advisable to have an independent audit performed on the financial statements of the Company, the Selling Stockholders will fully cooperate with Purchaser and the independent auditors in the performance of the audit at the Purchaser's sole expense.
Financial Statement Audits. If at any time SAI ▇▇▇▇▇ ▇▇ necessary or advisable to have an independent audit performed on the financial statements of the Company or its Subsidiaries, (including, without limitation, in connection with the Proxy Statement), the Selling Shareholders will fully cooperate with SAI and the independent auditors in the performance of the audit. In furtherance and not in limitation of the foregoing, the Selling Shareholders will cooperate and provide all assistance reasonably requested by SAI's independent accountants and the Company's independent accountants (including without limitation, executing any and all customary management representation letters with respect to the Company's financial statements) in connection with the preparation and delivery to SAI of audited financial statements and for the Company as of and for each of the fiscal years ended December 31, 2003.
Financial Statement Audits. If Buyer or Parents, or any one of them, desires to have completed audited or interim financial statements for the Business for any period commencing on or after January 1, 1994, then, at Buyer's election, the Sellers shall request the Company's external auditors to complete such statements at Buyer's expense and use reasonable best efforts to cause such auditors to do so or allow Buyer's external auditors to complete such statements at Buyer's expense.
Financial Statement Audits. Operating Company shall timely deliver to Buyer audited consolidated financial statements of Broadcasting for the year ended December 31, 2011, and Operating Company shall reasonably cooperate with Buyer, including access to books and records of the Business prior to the LMA Commencement Date, in connection with Buyer’s preparation of required interim financial statements (reviewed) for periods subsequent to December 31, 2011 which ended on or prior to the Closing Date for inclusion or incorporation in any filings that ▇▇▇▇▇▇▇▇ Broadcast Group, Inc. is required to make under the Securities Exchange Act of 1934, as amended, or the rules and regulations of the Securities and Exchange Commission, with respect to the Closing of the transactions contemplated by this Agreement and which filings are required to include or incorporate such financial statements, provided that Operating Company shall not be required to deliver the December 31, 2011 financial statements prior to March 15, 2012.
Financial Statement Audits. Conduct annual audits of the financial statements of the following entities: • City of Portland • Prosper Portland • Fire and Police Disability and Retirement Funds • Mount Hood Cable Regulatory Commission The objective of these financial audits is to express an opinion or disclaimer of an opinion on the fairness of presentation of the basic financial statements for each fiscal year in conformity with the appropriate basis of accounting. These financial audits shall be in accordance with: • Government Auditing Standards issued by the Comptroller General of the United States, as required by City Charter Sections 2-504 and 2-505 • Minimum Standards for Audits of Oregon Municipal Corporations (“Oregon Minimum Standards”) • Generally accepted auditing standards promulgated by the American Institute of Certified Public Accountants, as required by Oregon Minimum Standards • City Code 3.05.070 which requires the audit be conducted by persons who have no financial interests in the affairs of the governmental unit or its officers
Financial Statement Audits. 51 8.11. Leases. . . . . . . . . . . . . . . . . . . . . . . . . . . . .52 8.12. TWI License Agreement . . . . . . . . . . . . . . . . . . . . .53 8.13. Certain Litigation. . . . . . . . . . . . . . . . . . . . . . .53 8.14.