Common use of Oversight Clause in Contracts

Oversight. Assist in developing, reviewing, maintaining, and monitoring the effectiveness of Fund accounting policies and procedures, in light of industry standards and the "Audits of Investment Companies" of the American Institute of Certified Public Accountants and, in this regard, devote particular attention to areas where accounting standards may change or develop. In this capacity, the Sub-Administrator shall assist in the resolution of recommendations made by the Fund's independent auditors to improve internal controls and shall implement such recommendations as required by the Board.

Oversight. Assist in developing, reviewing, maintaining, and monitoring the effectiveness of Fund Company accounting policies and procedures, in light of industry standards and the "Audits of Investment Companies" of the American Institute of Certified Public Accountants and, in this regard, devote particular attention to areas where accounting standards may change or develop. In this capacity, the Sub-Administrator shall assist in the resolution of recommendations made by the Fund's independent auditors to improve internal controls and shall implement such recommendations as required by the Board.