ACCOUNTING/AUDITING Sample Clauses
The ACCOUNTING; AUDITING clause establishes the right of one party to review and verify the financial records and accounts related to the agreement. Typically, this clause allows for periodic or on-demand access to relevant books, records, and supporting documentation to ensure compliance with contractual obligations, such as payments, royalties, or cost reimbursements. Its core function is to promote transparency and accountability between the parties, helping to prevent disputes over financial matters and ensuring that all financial transactions are accurate and properly documented.
ACCOUNTING/AUDITING. 1. Provides information necessary to post accounting entries to the general account ledger, including amounts withheld from annuity payments for taxes.
2. Generates accounting information necessary to post entries to Separate Account ledgers.
3. Prepares daily accounting reports for Contracts maintained on the system.
4. Determines the "Net Amount Available for Investment".
5. Retains systems generated reports in accordance with a retention schedule mutually established. Provides access to such reports for internal and external auditing.
6. Assists with annual audit of Variable Account financials conducted for purposes of financial statement certification and publication. Accommodates ING FA or regulatory audits, as required.
ACCOUNTING/AUDITING. 1. Generate daily accounting extracts for policies maintained on the system.
2. Generate accounting information necessary to post entries to ledgers.
3. Retain system generated reports in accordance with a retention schedule as mutually agreed upon and as required by regulatory authorities. GWL&A will provide access to such reports for internal and external reporting.
4. Cooperate in annual audit of general account and separate account financials conducted for purposes of financial statement certification and publication and accommodate FGWL or regulatory audits, as required.
ACCOUNTING/AUDITING. 1. Provides information necessary to post accounting entries to the general account ledger, including amounts withheld from annuity payments for taxes.
2. Generates accounting information necessary to post entries to Separate Account ledgers.
ACCOUNTING/AUDITING. 5.1 Concessionaire agrees to maintain accounting records, according to accounting procedures acceptable to County, for the operation of campground, pools and store. Said records shall include accounting for all income from camping fees, pool use, RV holding tank dumping, and all income from any other source of revenue, including retail, and all expenditures relating to the improvements referred to herein. Accounting for expenditures for improvements shall be kept separate and distinct from accounting for expenditures for operations and maintenance. Said records shall be available to County for inspection at all times. Concessionaire shall make available for auditing purposes its accounting records, relating to this agreement, to County's Auditor/auditing firm who may be auditing for the County, and the Grand Jury.
5.2 Concessionaire shall submit to County, no later than June 30th each year, financial statements, including a balance sheet and income statement for the calendar year ended the prior December 31st. These financial statements may be subject to audit by a CPA firm, at Concessionaire’s expense, upon request by the County.
ACCOUNTING/AUDITING. Payments to the supplier (not linked to performance milestones) will be made monthly in arrears by DFID on the basis of approved work plans and budgets,and invoices showing the overall spend for the previous month. This is expected to be a payment by results contract; the supplier must set out on a quarterly basis the progress made towards achieving log-frame milestones with recommendations for corrective action. This information must be provided within 15 calendar days of the end of each quarter through a narrative and financial progress report.
1. Due Diligence Prior to signing the contract, DFID will carry out a full due diligence of the in-country systems of the supplier to ensure that sufficient controls and systems are in place to deliver agreed results and to mitigate fraud and safeguarding risks.
ACCOUNTING/AUDITING. The definitive documentation further memorializing this Agreement shall provide for customary accounting and audit rights on behalf of the paries.
ACCOUNTING/AUDITING. 9.1 Each 6 months accounting period being the end of June and December, following the release of the Album and any Compilation Album (as the case may be) for sale the Employer shall provide to the MEAA a statement containing the following:
(a) Title of the Album or the Compilation Album;
(b) Number of units of the Album and any Compilation Album sold;
(c) The amount due to each Performer.
9.2 Accounting shall be within 60 days of each 6 monthly period.
9.3 Upon 14 days prior written notice from the MEAA the Employer must allow an auditor or accountant appointed by the MEAA to inspect its books of account, so far as those books relate to this Schedule (TBC). The Employer shall pay the costs of the inspection if it reveals underpayment for any two (2) year period of ten percent (10%) or more of monies to the Performer are due.
ACCOUNTING/AUDITING