ACCOUNTING, COST PRINCIPLES, AND AUDIT. A. Accounting Standards The Contractor must maintain a system of accounting procedures and practices sufficient for the Department to determine to its satisfaction that the system (1) permits timely development of all necessary cost data in the form contemplated by the contract type, and (2) is adequate to allocate costs in accordance with Generally Accepted Accounting Principles.
Appears in 9 contracts
Samples: Contract for CRP Services, Community Resource Partner Services Contract, Contract
ACCOUNTING, COST PRINCIPLES, AND AUDIT. A. Accounting Standards The Contractor must maintain a system of accounting procedures and practices sufficient for the Department to determine to its satisfaction that the system (1) permits timely development of all necessary cost data in the form contemplated by the contract Contract type, and (2) is adequate to allocate costs in accordance with Generally Accepted Accounting PrinciplesPrinciples (GAAP); and (3) complies with any other accounting requirements the Department specifies.
Appears in 2 contracts
Samples: Contract, Mental Health Services Contract
ACCOUNTING, COST PRINCIPLES, AND AUDIT. A. Accounting Standards The Contractor must maintain a system of accounting procedures and practices sufficient for the Department to determine to its satisfaction that the system (1) permits timely development of all necessary cost data in the form contemplated by the contract type, and (2) is adequate to allocate costs in accordance with Generally Accepted Accounting PrinciplesPrinciples (GAAP); and (3) complies with any other accounting requirements the Department specifies.
Appears in 1 contract
Samples: Master Contract
ACCOUNTING, COST PRINCIPLES, AND AUDIT. A. Accounting Standards The Contractor must maintain a system of accounting procedures and practices sufficient for the Department to determine to its satisfaction that the system that
(1) permits timely development of all necessary cost data in the form contemplated by the contract type, and (2) is adequate to allocate costs in accordance with Generally Accepted Accounting PrinciplesPrinciples (“GAAP”); and (3) complies with any other accounting requirements the Department specifies.
Appears in 1 contract
