Financial and compliance audit definition

Financial and compliance audit means the determination in accordance with generally accepted auditing standards:
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Financial and compliance audit means a systematic review or appraisal to determine each of the following:
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Examples of Financial and compliance audit in a sentence

  • Financial and compliance audit of the Statement of Appropriations, Expenditures, Transfers and Reversions of the Audited Agency’s State- Funded Student Financial Assistance Programs, including a review of the related internal control structure as required by generally accepted auditingstandards and Government Auditing Standards.

  • Financial and compliance audit of the Statement of Appropriations, Expenditures, Transfers and Reversions of theNAME OF ENTITY’s State- Funded Student Financial Assistance Programs, including a review of the related internal control structure as required by generally accepted auditingstandards and Government Auditing Standards.

  • Financial and compliance audit of the Statement of Appropriations, Expenditures, Transfers and Reversions of the Audited Agency’s State- Funded Student Financial Assistance Programs, including a review of the related internal control structure as required by generally accepted auditing standards and Government Auditing Standards.

  • Financial and compliance audit of the University’s Statement of Appropriations, Expenditures, Transfers and Reversions of the University’s State-Funded Student Financial Assistance Programs, including a review of the related internal control structure as required by generally accepted auditing standards and Government Auditing Standards.

  • The construction manager is responsible for construction performance and commits to deliver the project within a defined schedule and price, either a fixed lump sum or guaranteed maximum price (GMP).

  • In financial audit more weight needs to be given to a risk based approach combined with audit and certification of the quality of management, control and accounting systems.20 Financial and compliance audit in which the risk prone sectors and stages of management chain are analytically identified will give the best results in terms of cost-effectiveness of audit and usability of audit findings.

  • Financial and compliance audit for the Agency’s 401(k) Plan The proposal includes options for four additional years.

  • Financial and compliance audit: All school districts shall have a yearly audit performed on its financial records as required by Section 12-6-3, NMSA 1978.

  • Financial and compliance audit reports may be found on the Finance and Administrative Services website http://www.palomar.edu/fiscal_services/LeftNav/Reports.html.

  • Financial and compliance audit of the Statement of Appropriations, Expenditures, Transfers and Reversions of theNAME OF ENTITY’s State- Funded Student Financial Assistance Programs.

Related to Financial and compliance audit

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.

  • Compliance Department means the Chief Compliance Officer of Federated and those other individuals designated by him or her as responsible for implementing this Code and the Associated Procedures.

  • Department compliance officer means an individual who is:

  • Labor compliance agreement means an agreement entered into between a contractor or subcontractor and an enforcement agency to address appropriate remedial measures, compliance assistance, steps to resolve issues to increase compliance with the labor laws, or other related matters.

  • Compliance Officer means Company Secretary or such other senior officer, who is financially literate and is capable of appreciating requirements for legal and regulatory compliance under these regulations designated so and reporting to the Board of Directors and who shall be responsible for compliance of policies, procedures, maintenance of records, monitoring adherence to the rules for the preservation of unpublished price sensitive information, monitoring of trades and the implementation of the codes specified in these regulations under the overall supervision of the Board of Directors of the Company.

  • Compliance Authority means each and all of the (a) U.S. Treasury Department/Office of Foreign Assets Control, (b) U.S. Treasury Department/Financial Crimes Enforcement Network, (c) U.S. State Department/Directorate of Defense Trade Controls, (d) U.S. Commerce Department/Bureau of Industry and Security, (e) U.S. Internal Revenue Service, (f) U.S. Justice Department, and (g) U.S. Securities and Exchange Commission; “Covered Entity” means the Borrower, its affiliates and subsidiaries, all guarantors, pledgors of collateral, all owners of the foregoing, and all brokers or other agents of the Borrower acting in any capacity in connection with the Facility; “Reportable Compliance Event” means that any Covered Entity becomes a Sanctioned Person, or is indicted, arraigned, investigated or custodially detained, or receives an inquiry from regulatory or law enforcement officials, in connection with any Anti-Terrorism Law or any predicate crime to any Anti-Terrorism Law, or self-discovers facts or circumstances implicating any aspect of its operations with the actual or possible violation of any Anti-Terrorism Law; “Sanctioned Country” means a country subject to a sanctions program maintained by any Compliance Authority; and “Sanctioned Person” means any individual person, group, regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person or entity, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any order or directive of any Compliance Authority or otherwise subject to, or specially designated under, any sanctions program maintained by any Compliance Authority.

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Compliance Report means, as applicable in relation to the test being conducted, a report containing the results of the Compliance Tests carried out by State Street.

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.

  • Assessment of Compliance As defined in Section 3.21.

  • Compliance Costs means all expenses, commitments or obligations in excess of one million dollars ($1,000,000) incurred by Carrier or required to be incurred by Carrier to comply with a Change in Law, irrespective of whether such expenses, commitments or obligations are to be incurred as a one-time expenditure or periodically for an extended period.

  • Compliance schedule means a schedule of events, by date, which will result in compliance with these regulations.

  • Trading Compliance Policy means the written policy of the Company pertaining to the purchase, sale, transfer or other disposition of the Company’s equity securities by Directors, Officers, Employees or other service providers who may possess material, nonpublic information regarding the Company or its securities.

  • Compliance Plan means the compliance obligations, program, and procedures described in this Consent Decree at paragraph 13.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Compliance Forester means the DNR staff person(s) identified in the Pre-Work Conference who perform the compliance inspections, approve Work, recommend payment to the Contract Manager, and manage the Work Schedule.

  • StarCompliance Code of Ethics application means the web-based application used to electronically pre-clear personal securities transactions and file many of the reports required herein. The application can be accessed via the AB network at: https://alliance-ng.starcompliance.com/.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • ABS Informational and Computational Material means any written communication as defined in Item 1101(a) of Regulation AB under the 1933 Act and the 1934 Act, as may be amended from time to time.

  • Financial Conduct Authority means the registering authority for societies registered under the Co-operative and Community Benefit Societies Act 2014 and the Credit Unions Act 1979 set up in terms of the Financial Services Act 2012 or its successor body.

  • Chief Compliance Officer means the individual appointed by the Board as BSEF’s chief compliance officer in accordance with the Operating Agreement, with the duties and responsibilities as may be prescribed by the Board from time to time as set forth in Rule 208.

  • Compliance Order means an order issued by the Code Enforcement Officer pursuant to subdivision (a) of section 15 of this local law.

  • Compliance agreement means a written agreement between a person and the Commissioner to achieve compliance with this quarantine.

  • major non-compliance outcome notification means a notification received by a council under section 19N(3) or (4) of the Food Act 1984, or advice given to council by an authorized officer under that Act, of a deficiency that does not pose an immediate serious threat to public health but may do so if no remedial action is taken

  • Compliance Committee means the committee referenced under the Federated Code of Business Conduct and Ethics, consisting of, among others, the Chief Compliance Officer, the General Counsel, the Chief Audit Executive and the Chief Risk Officer.