Annual Accounts & Audit following each Year End Sample Clauses

Annual Accounts & Audit following each Year End. The Host shall prepare the annual accounts for the Collaborative in a manner compliant with the relevant legislation regulations and guidance within any statutory timescales applicable and shall ensure that all relevant information is available for external inspection and scrutiny. The Joint Committee must approve the annual accounts within the statutory deadlines which shall be presented along with the annual audit letter prepared by the designated external auditor. The Wales Audit Office is the external auditor for the Collaborative. The narrative and its finances will be incorporated to be risk assessed as part of the internal audit process of the Host. The Final Report shall be made available to the Joint Committee and to the Partners internal auditors. The cost of specific auditors shall be borne by the Collaborative. The Joint Committee shall decide on any money surplus or deficit balance held by the Collaborative following completion of the audit of the annual account in accordance with the principles set out in this Schedule.
Sample 1
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Annual Accounts & Audit following each Year End. The Host shall prepare the annual accounts for the Collaborative in a manner compliant with the relevant legislation regulations and guidance within any statutory timescales applicable and shall ensure that all relevant information is available for external inspection and scrutiny. The Management Committee must approve the annual accounts within the statutory deadlines which shall be presented along with the annual audit letter prepared by the designated external auditor. Host external auditors (currently the Xxxxx Xxxxxxxx but subject to the appointment of the Auditor General for Wales) will be the external auditor for the Collaborative. The narrative and its finances will be incorporated to be risk assessed as part the internal audit process of the Host. The Final Report shall be made available to the Management Committee and to the Partners internal auditors. The cost of specific auditors shall be borne by the Collaborative. The Management Committee shall decide on any money surplus or deficit balance held by the Collaborative following completion of the audit of the annual account in accordance with the principles set out in this Schedule.
Sample 1

Related to Annual Accounts & Audit following each Year End

  • Annual Accounts A copy of the final audited financial statements including Balance Sheets and Profit and Loss Accounts with associated accounting policies and notes to the accounts within the 10 Months of the end of the accounting period, as per the deadline imposed by Companies House, for Contractors registered in the UK. Where Contractors are not registered with Companies House, they must forward the information detailed in Annex 1. Where Annual Accounts are not signed off, we may request a copy of the latest Financial Year Draft Accounts prior to Annual Accounts being signed off. The draft accounts should include Balance Sheet and Profit and Loss Account with associated accounting policies and notes to the Accounts.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Annual Audit If Subrecipient expends Federal funds in a fiscal year which equal or exceed $750,000 (seven hundred fifty thousand dollars) as specified in OMB Circular A-133-Revised, 2 CFR Part 200.500- Subpart F-Audit Requirements Subrecipient shall cause an audit to be prepared by a Certified Public Accountant (CPA) who is a member in good standing with the American Institute of Certified Public Accountants (AICPA) of the California Society of CPA’s. The audit must be performed annually in accordance with Generally Accepted Auditing Standards (GAAS) authorized by the AICPA and Federal laws and regulations governing the programs in which it participates. Furthermore, County retains the authority to require Subrecipient to submit similarly prepared audit at Subrecipient’s expense even in instances when Subrecipient’s expenditure is less than $750,000. Subrecipient will be required to identify corrective action taken in response to any findings identified by CPA related to their funded activity or program. Subrecipient will ensure an annual financial audit is performed in compliance with the Federal Single Audit Act and will submit two (2) copies of such audit report, including a copy of the management letter, to County within six (6) months of the end of each Contract year in which Subrecipient has received federal funding (i.e., July 1 – June 30). Failure to meet this requirement may result in County denying reimbursement of funds to Subrecipient, as well as future funding qualification. Subrecipients, which are exempt from statutory audit requirements, shall maintain records, which are available for review by County or Federal officials. Subrecipient acknowledges that any and all “Financial Statements” submitted to County pursuant to this County become Public Records and are subject to public inspection pursuant to Sec. 6250 et seq. of the California Government.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

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