Common use of SSAE 16 Clause in Contracts

SSAE 16. Unless otherwise expressly stated in the applicable Statement of Work, each year, starting in hCentive’s new fiscal year which follows the first Services to support Optum’s Prime Contract, hCentive shall cause its external auditors to (i) perform a SSAE-16 SOC 1 audit, regarding hCentive’s internal controls over financial reporting, based on hCentive’s system of internal controls and hCentive’s control objectives as of a specific point in time (the “Baseline Internal Controls Audit”), and (ii) produce an SSAE SOC 1 Type I audit report in connection therewith (the “Baseline Internal Controls Audit Report”). On or about April 1st of each year, hCentive shall provide to Optum a copy of the most current Baseline Internal Controls Audit Report. The Baseline Internal Controls Audit shall be performed, and the Baseline Internal Controls Audit Report shall be produced, at no additional cost to Optum. In the event that Optum or Customer requests audit and reporting which are not covered by the Baseline Internal Controls Audit, such additional audit and reporting shall be (i) addressed through the applicable change control procedures and (ii) performed by the same auditors who have performed the Baseline Internal Controls Audit, at Optum’s cost and expense, unless hCentive is subject to another SSAE-16 audit for the same or similar operations that is acceptable to Optum, in which case Optum shall be provided with a copy of that other SSAE-16 audit.