Acceptable accounting system definition

Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that—
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Acceptable accounting system means a system that complies with the system criteria to provide reasonable assurance that—
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Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that— (i) Applicable laws and regulations are complied with; (ii) The accounting system and cost data are reliable; (iii) Risk of misallocations and mischarges are minimized; and (iv) Contract allocations and charges are consistent with billing procedures.
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More Definitions of Acceptable accounting system

Acceptable accounting system means a system that has an effective internal control structure complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that—
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Acceptable accounting system means a system that complies with the system has an effective internal control structure complies with the system criteria in paragraph (c) of this clause to provide reasonable assurance that— (i) Applicable laws and regulations are complied with;
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Acceptable accounting system means a system that complies with the system criteria in paragraph (c) of this clause to
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Acceptable accounting system. The Offeror shall submit a copy of the most recent DCAA or DCMA review letter regarding the status of their accounting system. If the Offeror’s accounting system was disapproved or deemed to be not adequate, the Offeror will identify all deficiencies along with steps taken, or to be taken, to correct the deficiencies and a timeline to include audit by the cognizant audit agency after corrective action has been implemented. If the Offeror’s accounting system has never been audited by their cognizant federal audit agency, the Offeror will so state.
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Related to Acceptable accounting system

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.

  • Accounting Statement means for each financial year, the following statements, namely-

  • Accounting Methodology means GAAP, and to the extent consistent with GAAP, the accounting principles, methods and practices utilized in preparing the Financial Statements, applied on a consistent basis.

  • Agreement Accounting Principles means generally accepted accounting principles as in effect from time to time, applied in a manner consistent with that used in preparing the financial statements referred to in Section 5.4.