Mandatory Compliance Review by Independent CPA Sample Clauses

Mandatory Compliance Review by Independent CPA. ‌ The Requesting Party and any of its Principals and subsidiaries using CBSV are subject to a mandatory annual compliance review (Examination Engagement). SSA will determine if additional reviews are required. The actual date of the compliance reviews will be determined by SSA in consultation with the reviewing CPA.
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Mandatory Compliance Review by Independent CPA. ‌ The Requesting Party and any of its Principals are subject to a mandatory compliance review (Examination Engagement). SSA will determine the frequency of the Requesting Party’s compliance review, which must be no less frequently than annually, with additional reviews as SSA determines to be appropriate. The actual date of the compliance reviews will be determined by SSA in consultation with the reviewing CPA.
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Mandatory Compliance Review by Independent CPA. The Requesting Party and any of its Principals and subsidiaries using CBSV are subject to a mandatory annual compliance review (Examination Engagement). SSA will determine if additional reviews are required. The actual date of the compliance reviews will be determined by SSA in consultation with the reviewing CPA. Initiating the Compliance Review An SSA-appointed CPA firm will perform an annual audit that all authorized transactions are complete and accurate. The CPA firm will perform the Examination Engagement in accordance with the standards established by the American Institute of Certified Public Accountants and contained in the Generally Accepted Government Audit Standards (GAGAS). SSA will email a notice to the Requesting Party identifying the name of the retained CPA firm and its designated contact. SSA will provide to the CPA a statistically-valid random sample of the Requesting Party’s verifications identified by name, SSN and date of birth along with the verification results provided to the Requesting Party. SSA will use the U.S. Government Accountability Office (GAO) President’s Council on Integrity and Efficiency’s (PCIE) Financial Audit Manual (FAM), Section 460, Compliance Tests in determining the sample size. Requesting Party’s Cooperation with the Compliance Review The Requesting Party will: Provide to the reviewing CPA a copy of this signed User Agreement and all applicable attachments in their entirety; and Inform all of its Principals of the requirement to produce supporting documentation upon CPA’s request for purposes of compliance reviews. CPA In performance of the Examination Engagement under this User Agreement, the CPA must use the review assertions specified in Attachment E, CBSV Attestation Requirements & Requesting Party Compliance Assertions (Audit). In addition the CPA must: Follow standards established by the American Institute of Certified Public Accountants (AICPA) and contained in GAGAS. Provide a report containing the results of the Examination Engagement to the designated SSA contact within 30 days after completing the Examination Engagement. Provide the Requesting Party with a copy of the report 30 days after the report is provided to SSA, unless SSA informs the CPA otherwise.
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Related to Mandatory Compliance Review by Independent CPA

  • Compliance Reviews The Department may conduct a compliance review of the Contractor’s security procedures before and during the Contract term to protect Confidential Information.

  • Certification Regarding Termination of Contract for Non-Compliance (Tex Gov. Code 552.374)

  • Response/Compliance with Audit or Inspection Findings A. Grantee must act to ensure its and its Subcontractors’ compliance with all corrections necessary to address any finding of noncompliance with any law, regulation, audit requirement, or generally accepted accounting principle, or any other deficiency identified in any audit, review, or inspection of the Contract and the services and Deliverables provided. Any such correction will be at Grantee’s or its Subcontractor's sole expense. Whether Xxxxxxx's action corrects the noncompliance shall be solely the decision of the System Agency.

  • Office of Inspector General Investigative Findings Expert Review In accordance with Senate Bill 799, Acts 2021, 87th Leg., R.S., if Texas Government Code, Section 531.102(m-1)(2) is applicable to this Contract, Contractor affirms that it possesses the necessary occupational licenses and experience.

  • Independent Review and Inspection The Owner may undertake independent inspection of the installation of the Work. Such independent inspector shall operate on behalf of the Owner and shall act to protect the best interests of the Owner.

  • Section 508 Compliance All information technology which, pursuant to this Contract, is purchased or upgraded by or for the use of the University (the “Technology”) shall comply with Section 508 of the Rehabilitation Act (29 U.S.C. 794d), as amended. If requested, the Contractor must provide a detailed explanation of how compliance with Section 508 of the Rehabilitation Act is achieved and a validation of concept demonstration. The requirements of this Paragraph along with the Non-Visual Access to Technology clause below shall be construed to achieve full compliance with the Information Technology Access Act, §§ 2.2-3500 through 2.2-3504 of the Code of Virginia.

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