SAS 70 Report definition
Examples of SAS 70 Report in a sentence
Except as respects Bank’s SAS 70 Report, as to which there shall be no charge, the Customer shall pay reasonable expenses of the Bank and any Subcustodians under this provision.
DST agrees to furnish the Fund with (1) annual reports of its financial condition, consisting of a balance sheet, earnings statement and any other financial information as is made public by DST in connection with the foregoing (which requirement may be satisfied by the posting of such reports on DST’s website) and (2) semi-annually with a copy of a SAS 70 Report issued by DST’s certified public accountants pursuant to Rule 17Ad-13 under the 1934 Act as filed with SEC.
Delivery by the Custodian of its then current SAS 70 Report shall constitute compliance with this Section 3.27.
The Custodian shall furnish annually to the Fund its SAS 70 Report or a letter prepared by the Custodian’s accountants with respect to the Custodian’s internal systems and controls in the form generally provided by the Custodian to other investment companies for which the Custodian acts as custodian.
Upon the Fund's request, Custodian will send the annual report (SAS 70 Report) prepared by its external auditors on its systems of internal accounting control of custodied Financial Assets.
DST agrees to furnish the Trust annual reports of (i) DST's financial condition, consisting of a balance sheet, earnings statement and any other financial information reasonably requested by the Trust, and (ii) a report in accordance with Statements on Auditing Standards No. 70 (the "SAS 70 Report").
Should the Company fail to deliver the Type II SAS 70 Report specified in Section 15.2(b) in the time period specified therein, the Company shall have ten (10) Business Days to cure such failure.
The Compliance Audit Report shall include either (A) the Type II SAS 70 report, or (B) the General Partner or Discretionary Subadvisor’s summary of the Type II SAS 70 report, including disclosure of any instances in which the accounting firm which performs the Type II SAS 70 Report has qualified such report.
The Custodian shall furnish annually to the Trust its SAS 70 Report or a letter prepared by the Custodian’s accountants with respect to the Custodian’s internal systems and controls in the form generally provided by the Custodian to other investment companies for which the Custodian acts as custodian.
Prior to the Execution Date, the Agent has provided, and not less than once during each year of the Term the Agent shall provide, to the Funds a copy of the SAS 70 Report prepared by the Agent’s public auditor.