Internal auditing Sample Clauses

Internal auditing. On the basis of an appropriate audit program, the Supplier is to monitor the application and effectiveness of his management processes through internal system and process audits. The auditing methods are to be based on the framework of regulations of the VDA (German Association of the Automotive Industry) Volume 6 Part 4 (VDA 6.4 QM System Audit - Production Equipment) and Volume 6 Part 7 (VDA 6.7 Process Audit – Single Production).
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Internal auditing. The DISTRICT shall remain responsible for establishing and maintaining its own internal controls and directing the work of the INTERNAL AUDITOR to be done on its behalf.
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Internal auditing. At regular intervals, but at least once a year, the company organises internal audits of energy issues (or, if the system is integrated in another management system, energy issues should be reviewed at the same time). The purpose of internal audits is to assess the implementation of continuous improvement of energy efficiency and to provide information for company management on attainment of the goals and targets. The company draws up an auditing schedule, defining a) extent, criteria and methods of the audits
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Internal auditing. ServiceCo may conduct periodic audits of administration and accounting processes. Audits would include examinations of Recipients' service agreements, accounting systems, source documents, allocation methods and xxxxxxxx to assure proper authorization and accounting for services. Costs of a general nature may be allocated using the Operating Expense Ratio.
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Internal auditing. The internal auditing function will evaluate the fulfillment of the policies and procedures established by the Banks for the performance of operations subject to market risks, and of the policies and procedures established for identifying and managing those risks, as also what has been established by this Agreement. These evaluations must be included in the permanent activities of the Internal Auditing Annual Plan, and they must be documented by written reports with the recommendations derived from them.
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Internal auditing. The Program Manager shall retain, as a Subconsultant to Program Manager, an accounting firm approved by District for purpose of acting as an independent internal auditor of Program Manager’s performance of, and its accounting and control functions related to, this Agreement. The auditor, although retained by the Program Manager, shall report directly to the District and as part of that reporting function shall submit to the District semi-annual reports and shall conduct annual presentations summarizing the auditor’s findings and recommendations. Without limitation to the generality of the foregoing, the auditor’s functions shall include the following: (1) monitoring the performance by Program Manager and its Subconsultants and Contract Workers of this Agreement; (2) providing assurances and recommending prioritized improvements to the District and its Board of Trustees on the effectiveness, economy, efficiency, and propriety of Program Manager’s management of the Bond Program, the Program Manager’s compliance with terms and conditions of the revenue bonds that form the basis for the funding of the Bond Program and the compliance by the Program Manager, Subconsultants and Contract Workers with the District’s procedures and policies relating to the Bond Program; (3) identifying and disclosing any significant changes in Program Manager’s policies and procedures and any significant errors in business or management judgment by the Program Manager relating to the management of the Bond Program; (4) making inquiry into and reporting to the District about any material misrepresentations embodied in reports prepared and submitted to the District by the Program Manager or its Subconsultants or Contractor Workers; (3) evaluating the effectiveness of Program Manager’s internal controls insofar as they relate to and impact the Program Manager’s performance of this Agreement; (4) reporting to District in writing on any illegal acts or irregularities indicative illegal acts of which the auditor becomes aware that relate to the Bond Program; and (5) based on an examination of and familiarity with the terms of the contracts between Program Manager and its Subconsultants and Contract Workers, assessing the effectiveness of the Program Manager’s procurement and management of the services of its Subconsultants and Contract Workers.
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Internal auditing. Emera may conduct periodic audits of administration and accounting processes. Audits would include examinations of Recipients' service agreements, accounting systems, source documents, allocation methods and xxxxxxxx to assure proper authorization and accounting for services. Costs of a general nature may be allocated using the Composite Ratio.
Sample 1
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Internal auditing. UPC will provide advice with respect to the structure of, and procedures applicable to, the conduct of internal audits of Overnite related to internal accounting, administrative controls over corporate assets and operational and financial management. Notwithstanding the foregoing or anything set forth in this Agreement, UPC will not at any time conduct any internal audits of Overnite or provide any judgments as to the adequacy of any internal audit conducted by Overnite or recommend any corrective actions to be taken by Overnite in response to the outcome of any of its internal audits.
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Internal auditing. AGSC conducts periodic audits of administration and accounting processes. Audits would include examinations of AGLR System Companies' service agreements, accounting systems, source documents, allocation methods and xxxxxxxx to assure proper authorization and accounting for services. Costs will be assigned to AGLR System Companies using the Hours Worked Ratio. Any remaining costs will be allocated using the Composite Ratio.
Sample 1

Related to Internal auditing

  • Internal Audit (1) Within sixty (60) days, the Board shall adopt, implement, and thereafter ensure Bank adherence to an independent, internal audit program sufficient to:

  • Internal Accounting Controls The Company and each of its subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management's general or specific authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Sxxxxxxx-Xxxxx; Internal Accounting Controls The Company and the Subsidiaries are in compliance with any and all applicable requirements of the Sxxxxxxx-Xxxxx Act of 2002 that are effective as of the date hereof, and any and all applicable rules and regulations promulgated by the Commission thereunder that are effective as of the date hereof and as of the Closing Date. The Company and the Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company and the Subsidiaries have established disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and the Subsidiaries and designed such disclosure controls and procedures to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. The Company’s certifying officers have evaluated the effectiveness of the disclosure controls and procedures of the Company and the Subsidiaries as of the end of the period covered by the most recently filed periodic report under the Exchange Act (such date, the “Evaluation Date”). The Company presented in its most recently filed periodic report under the Exchange Act the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the Evaluation Date, there have been no changes in the internal control over financial reporting (as such term is defined in the Exchange Act) of the Company and its Subsidiaries that have materially affected, or is reasonably likely to materially affect, the internal control over financial reporting of the Company and its Subsidiaries.

  • Xxxxxxxx-Xxxxx; Internal Accounting Controls The Company and the Subsidiaries are in compliance with any and all applicable requirements of the Xxxxxxxx-Xxxxx Act of 2002 that are effective as of the date hereof, and any and all applicable rules and regulations promulgated by the Commission thereunder that are effective as of the date hereof and as of the Closing Date. The Company and the Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that: (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Company and the Subsidiaries have established disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Company and the Subsidiaries and designed such disclosure controls and procedures to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. The Company’s certifying officers have evaluated the effectiveness of the disclosure controls and procedures of the Company and the Subsidiaries as of the end of the period covered by the most recently filed periodic report under the Exchange Act (such date, the “Evaluation Date”). The Company presented in its most recently filed periodic report under the Exchange Act the conclusions of the certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation Date. Since the Evaluation Date, there have been no changes in the internal control over financial reporting (as such term is defined in the Exchange Act) of the Company and its Subsidiaries that have materially affected, or is reasonably likely to materially affect, the internal control over financial reporting of the Company and its Subsidiaries.

  • Internal Accounting and Disclosure Controls The Company and each of its Subsidiaries maintains internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the 0000 Xxx) that is effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles, including that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset and liability accountability, (iii) access to assets or incurrence of liabilities is permitted only in accordance with management’s general or specific authorization and (iv) the recorded accountability for assets and liabilities is compared with the existing assets and liabilities at reasonable intervals and appropriate action is taken with respect to any difference. The Company maintains disclosure controls and procedures (as such term is defined in Rule 13a-15(e) under the 0000 Xxx) that are effective in ensuring that information required to be disclosed by the Company in the reports that it files or submits under the 1934 Act is recorded, processed, summarized and reported, within the time periods specified in the rules and forms of the SEC, including, without limitation, controls and procedures designed to ensure that information required to be disclosed by the Company in the reports that it files or submits under the 1934 Act is accumulated and communicated to the Company’s management, including its principal executive officer or officers and its principal financial officer or officers, as appropriate, to allow timely decisions regarding required disclosure. Neither the Company nor any of its Subsidiaries has received any notice or correspondence from any accountant or other Person relating to any potential material weakness or significant deficiency in any part of the internal controls over financial reporting of the Company or any of its Subsidiaries.

  • Auditing The Managers shall at all times maintain and keep true and correct accounts and shall make the same available for inspection and auditing by the Owners at such times as may be mutually agreed. On the termination, for whatever reasons, of this Agreement, the Managers shall release to the Owners, if so requested, the originals where possible, or otherwise certified copies, of all such accounts and all documents specifically relating to the Vessel and her operation.

  • Internal Controls The Company shall maintain a system of internal accounting controls sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in accordance with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Books and Record Internal Accounting Controls The books and records of the Company and its subsidiaries accurately reflect in all material respects the information relating to the business of the Company and the subsidiaries, the location and collection of their assets, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company or any subsidiary. The Company and each of its subsidiaries maintain a system of internal accounting controls sufficient, in the judgment of the Company, to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management's general or specific authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions is taken with respect to any differences.

  • Books and Records; Internal Accounting Controls The records and documents of the Company and its Subsidiaries accurately reflect in all material respects the information relating to the business of the Company and the Subsidiaries, the location and collection of their assets, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company or any Subsidiary. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient, in the judgment of the Company's board of directors, to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management's general or specific authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions are taken with respect to any differences.

  • Internal Control Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

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