Partnership Auditor Sample Clauses
The Partnership Auditor clause designates a specific individual or entity responsible for representing the partnership in tax matters before the IRS and other tax authorities. This clause typically outlines the auditor's authority to make binding decisions on behalf of the partnership regarding audits, tax adjustments, and related proceedings. By clearly assigning this role, the clause ensures efficient management of tax audits and compliance, reducing confusion and potential disputes among partners about who has the authority to act in these situations.
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Partnership Auditor. The Managing General Partner shall cause the books and records of the Partnership to be audited as of the end of each Fiscal Year by an independent certified public accounting firm of national or international standing and reputation equivalent to the existing “big four” firms selected by the Managing General Partner (the firm so selected, the “Partnership Auditor”). As of the date of this Agreement, the Partnership Auditor is Deloitte & Touche LLP.