Additional Audit Services Sample Clauses

Additional Audit Services. 1. Prior to commencing the audit, the Contractor and the CSCU Chief Financial Officer (“CFO”) or his/her designee will meet jointly, negotiate, and finalize an audit work plan. This audit work plan shall specify major audit tasks, identify responsible person(s), and designate timelines and milestones; 2. In addition to routine engagement entrance and exit conferences, the Contractor shall schedule periodic briefings with the CSCU Chief Financial Officer or his/her designee to discuss the audit’s status and progress in relation to the established audit work plan and milestones. One such meeting shall be scheduled to discuss and explain the draft report deliverables; and 3. After completion of the audit and CSCU’s receipt and acceptance of all deliverables, a concluding briefing will be held with the Contractor for the purpose of critiquing the audit. The critique shall cover all aspects of the audit, including, but not limited to, recommendations for streamlining and expediting the subsequent year’s audit process. The briefing shall cover recommendations to strengthen any internal control weaknesses or finding deemed appropriate.