Internal Control Structure Sample Clauses

Internal Control Structure. TSJ shall maintain an internal control structure designed to provide assurance that the Facilities are safeguarded from loss or unauthorized use, that transactions are executed in accordance with this Agreement, and that the financial records are reliable for the purpose of preparing financial statements. The internal control structure shall be supported by the selection, training, and development of qualified personnel, by an appropriate segregation of duties, and by the dissemination of written policies and procedures. City’s Director of Finance, or designee, may review such controls at any time during this Agreement, and may commission an agreed upon procedures audit from the External Auditor. TSJ agrees to be cooperative and to provide any information relevant to the review of Director of Finance, City’s Internal Auditor, and the External Auditor.