Reportable conditions definition

Reportable conditions means a matter coming to the attention of the independent, compensated auditor which in the auditor's judgment represents a significant deficiency in the design or operation of the internal control structure of the credit union which could adversely affect its ability to record, process, summarize, and report financial data consistent with the representations of management in the financial statements.

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Reportable conditions means a matter coming to the attention of the independent,

Reportable conditions means any condition which in the opinion of the official designated by each SRO to be responsible for financial regulation could give rise to payments being made out of the Fund, including any condition which has contributed substantially to or, if appropriate corrective action is not taken, could reasonably be expected to: (1) inhibit a Member Firm from promptly completing securities transactions, promptly segregating customers' securities as required or promptly discharging its responsibilities to customers, other Member Firms and other creditors; (2) result in material financial loss; (3) result in material misstatements of the Member ▇▇▇▇'s financial statements; or (4) result in violations of the minimum record requirements to an extent that could reasonably be expected to result in the conditions described in parts (1), (2), or (3) above.

Examples of Reportable conditions in a sentence

• Reportable conditions that are also material weaknesses shall be identified as such in the report.

• Reportable conditions in internal control or material noncompliance with provisions of laws, rules, regulations, or contractual agreements included in external audit reports of Grantee covering the preceding year.

• WPD receives financial support and in-kind contributions from third parties including grants from governmental and non-governmental agencies, in connection with WPD’s research and development efforts.

• Reportable conditions in internal control over the program(s) (state and/or federal) that provide funding under this contract.

• Reportable conditions are internal control weaknesses coming to the auditor’s attention that, in the auditor’s judgment, should be communicated because they represent significant deficiencies in the design or operation of internal controls that could adversely affect the organization’s ability to meet the OMB objectives for financial reporting discussed above.

More Definitions of Reportable conditions

Reportable conditions means any Release that would require, pursuant to applicable Environmental Laws, notification by Seller to any Governmental Authority, (ii) “Claims” means any suit, action, investigation, proceeding or written demand by any Person, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute, or common law; (iii) “Releases” means any spill, leak, discharge, abandonment, disposal, pumping, pouring, emitting, emptying, leaching, dumping, depositing, dispersing or allowing to escape or migrate into or through the Real Property of any Hazardous Substances; and (iv) “Hazardous Substances” shall have the meaning set forth in any of the applicable Environmental Laws.