Independent Audit Sample Clauses

Independent Audit. 4 24.1 CONTRACTOR shall employ a licensed certified public accountant who 5 shall prepare and file with ADMINISTRATOR an annual organization-wide audit of 6 related expenditures during the term of this Agreement in compliance with the 7 OMB Circular A-133, Audits of States, Local fiovernments and Non-Profit 8 Organizations. The audit must be performed in accordance with generally 9 accepted government auditing standards and OMB Circular A-122. CONTRACTOR 10 shall cooperate with COUNTY, State and/or Federal agencies to ensure that 11 corrective action is taken within six (6) months after issuance of all audit 12 reports with regard to audit exceptions. 13 24.2 It is mutually understood that CONTRACTOR’s yearly fiscal cycle 14 covers July 1 through June 30. CONTRACTOR shall provide ADMINISTRATOR copies 15 of organization-wide audits for each of the fiscal cycles corresponding with 16 the term of this Agreement. CONTRACTOR shall provide each audit within 17 fourteen (14) calendar days of XXXXXXXXXX’s receipt. Failure of CONTRACTOR to 18 comply with this Paragraph shall be sufficient cause for ADMINISTRATOR to deny 19 payment under this or any subsequent Agreement with CONTRACTOR until such time 20 as the required audit(s) are provided to ADMINISTRATOR. ADMINISTRATOR may 21 modify CONTRACTOR’s audit submission deadline upon notice to CONTRACTOR.

Independent Audit. Contributor shall provide access by Acquiror's representatives, to all financial and other information relating to the Property which would be sufficient to enable them to prepare audited financial statements in conformity with the Securities and Exchange Commission (the "Commission") and to enable them to prepare a registration statement, report or disclosure statement for filing with the Commission. Contributor shall also provide to Acquiror's representatives a signed representative letter and a hold harmless letter which would be sufficient to enable an independent public accountant to render an opinion on the financial statements related to the Property.

Independent Audit. The Grantee shall submit, in a format specified by the department, the independent financial compliance audit prepared by an independent Certified Public Accountant for the previous fiscal year. The audit shall follow the General Grant Requirements of Sections VIII (F) and (G) and be submitted no later than March 1 of the current fiscal year.

Independent Audit. If COUNTY conducts or undergoes an independent audit during the term of this CONTRACT, a copy of the audit must be submitted to STATE within thirty (30) days of the audit’s completion.

Independent Audit. 21 24.1 CONTRACTOR shall employ a licensed certified public accountant who 22 shall prepare and file with ADMINISTRATOR an annual organization-wide audit of 23 related expenditures during the term of this Agreement in compliance with the

Independent Audit. CONTRACTOR shall employ a licensed certified public accountant who shall prepare and file with ADMINISTRATOR an annual organization-wide audit of related expenditures during the term of this Agreement in compliance with 31 USC 7501 – 7507, as well as its implementing regulations under 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards. If CONTRACTOR is not subject to the aforementioned regulations for any year covered during the term of this Agreement, CONTRACTOR shall provide ADMINISTRATOR an Independent Auditor’s Report of CONTRACTOR’s financial statements. The audit must be performed in accordance with generally accepted government auditing standards. CONTRACTOR shall cooperate with COUNTY, State, and/or federal agencies to ensure that corrective action is taken within six (6) months after issuance of all audit reports with regard to audit exceptions. It is mutually understood that CONTRACTOR’s yearly fiscal cycle covers July 1 through June 30. CONTRACTOR shall provide ADMINISTRATOR copies of organization-wide audits for each of the fiscal cycles corresponding with the term of this Agreement. CONTRACTOR shall provide each audit within fourteen (14) calendar days of CONTRACTOR’s receipt. Failure of CONTRACTOR to comply with this Paragraph shall be sufficient cause for ADMINISTRATOR to deny payment under this or any subsequent Agreement with CONTRACTOR until such time as the required audit(s) are provided to ADMINISTRATOR. ADMINISTRATOR may modify CONTRACTOR’s audit submission deadline upon notice to CONTRACTOR.

Independent Audit. Following each COUNTY Fiscal Year covered by this CONTRACT, SUBRECIPIENT shall independently arrange for an audit of its use during the preceding COUNTY Fiscal Year of Domestic Violence Shelter Based Program funds received from COUNTY. Said audit shall contain a final reconciliation of actual revenues and expenses compared to the Budget (Attachment “C”) for said COUNTY Fiscal Year, pursuant to 16 California Code of Regulations Section 3642. Said audit shall describe and assess fiscal practices and status. SUBRECIPIENT shall submit one (1) copy of such audit report to COUNTY and to the State’s Department of Consumer Affairs within ninety (90) days after the end of each COUNTY Fiscal Year covered by this CONTRACT.

Independent Audit. Promptly following the execution of this ----------------- Agreement, Crow shall provide and shall cause its management company to provide to Patriot's representatives and independent accounting firm access to financial and other information relating to the Property in the possession of or otherwise available to Crow, its affiliates or Crow's management company which would be sufficient to enable Patriot's representatives and independent accounting firm to prepare audited financial statements for 1994, 1995 and 1996 in conformity with generally accepted accounting principles and to enable them to prepare such statements, reports or disclosures as Patriot may deem necessary or advisable and to audit net operating income for the Property. Crow shall also provide and/or shall cause its management company to provide to Patriot's independent accounting firm a signed representation letter which would set forth representations as to certain matters typically requested by an independent public accountant when rendering an opinion on the financial statements related to the Property. Crow shall authorize and shall cause its management company to authorize any attorneys who have represented Crow or its management company in material litigation pertaining to or affecting the Property to respond, at Patriot's expense, to inquiries from Patriot's representatives and independent accounting firm. If and to the extent Crow's financial statements pertaining to the Property for any periods during the years 1994, 1995 or 1996 have been audited, promptly after the execution of this Agreement Crow shall provide Patriot with copies of such audited financial statements and shall cooperate with Patriot's representatives and independent public accountants to enable them to contact the auditors who prepared such audited financial statements and to obtain, at Patriot's expense, a reissuance of such audited financial statements.

Independent Audit. The STATE or the MCO may request an independent audit of the payment error prior to recovery or offset by the STATE of the overpayment or underpayment amount. (1) The STATE shall select the independent auditor and shall determine the scope of the audit, and shall involve the MCO in discussions to determine the scope of the audit and selection of the auditor. (2) The MCO must request the audit in writing within sixty (60) days from actual receipt of the STATE's written notice of overpayment. (3) Neither the STATE nor the MCO shall be bound by the results of the audit. (4) The STATE shall not be obligated to honor the MCO’s request for an independent audit if in fact sufficient funds are not available for this purpose or if in fact an independent auditor cannot be obtained at a reasonable cost. This does not preclude the MCO from obtaining an independent audit at its own expense; however the MCO must give reasonable notice of the audit to the STATE and must provide the STATE with a copy of any final audit results.