Common use of Accounting and Internal Audit Clause in Contracts

Accounting and Internal Audit. 1. The Subconcessionaire shall establish its own accounting system, sound administrative organizations and appropriate internal auditing procedures, and shall comply with the instructions of the government issued on such matters, especially instructions issued through the GICB and the Finance Services Bureau. 2. The Subconcessionaire shall adopt the current standards of the generally accepted accounting format in its compilation and submission of the accounts, but without prejudice to the Chief Executive, upon the suggestions of the head of the GICB or the Finance Services Bureau, stipulating special rules to be complied with by the Subconcessionaire relating to accounting books, accounting documents or other accounting information required, the standards to be adopted by the Subconcessionaire in recording its business activities and compilation and submission of the accounts.

Accounting and Internal Audit. 1. The Subconcessionaire Concessionaire shall establish its own accounting system, sound administrative organizations and appropriate internal auditing procedures, and shall comply with the instructions of the government issued on such matters, especially instructions issued through the GICB and the Finance Services Bureau. 2. The Subconcessionaire Concessionaire shall adopt the current standards of the generally generally-accepted accounting format in its compilation and submission of the accounts, but without prejudice to the Chief Executive, upon the suggestions of the head of the GICB or the Finance Services Bureau, stipulating special rules to be complied with by the Subconcessionaire Concessionaire relating to accounting books, accounting documents or other accounting information required, the standards to be adopted by the Subconcessionaire Concessionaire in recording its business activities and compilation and submission of the accounts.

Accounting and Internal Audit. 1. The Subconcessionaire shall establish its own accounting system, sound administrative organizations organization and appropriate internal auditing procedures, and shall comply with the instructions of the government issued on such matters, especially through instructions issued through by the GICB and the Finance Services BureauDepartment. 2. The Subconcessionaire shall only adopt the current standards of Official Accounting Plan applicable in the generally accepted accounting format Macau SAR in its compilation and submission of the accounts. Notwithstanding, but without prejudice to the Chief Executive, upon the suggestions proposal of the head of the GICB or the Finance Services BureauDepartment, stipulating may stipulate special accounting rules to be complied with by the Subconcessionaire relating to as well certain accounting books, accounting documents or other accounting information required, the standards required to be adopted by the Subconcessionaire in recording its business activities and compilation and submission of the accounts.