Annual Internal Controls Reports Sample Clauses

Annual Internal Controls Reports. Provider shall complete an annual security audit and produce an Internal Controls Report no more frequently than annually as requested by PGCE. Provider shall provide a copy of its most recent Internal Controls Report(s) for Provider and its subcontractors upon request throughout the Term. “Internal Controls Report” means a SOC 2 Type II audit report (or an equivalent independent security review report such as ISO27001 certification, including ISO27002 content, that is acceptable to PGCE) completed by an independent auditor and that covers the processes, systems and facilities used to perform the Services and/or to process or store PGCE Data. If an Internal Controls Report reveals vulnerabilities in Provider’s facilities, systems or controls, Provider shall promptly correct such vulnerabilities.
Sample 1
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Annual Internal Controls Reports. Consultant shall complete an annual security audit and produce an Internal Controls Report no less frequently than annually. Consultant shall provide a copy of its most recent Internal Controls Report(s) for Consultant and its Subcontractors upon request throughout the Term. “Internal Controls Report” means a SOC 2 Type II audit report (or an equivalent independent security review report such as ISO27001 certification, including ISO27002 content, that is acceptable to PG&E) completed by an independent auditor and that covers the processes, systems and facilities used to perform the Work and/or to process or store PG&E Data. If an Internal Controls Report reveals vulnerabilities in Consultant’s facilities, systems or controls, Consultant shall promptly correct such vulnerabilities.
Sample 1
Annual Internal Controls Reports. Supplier shall complete an annual security audit and produce an Internal Controls Report no less frequently than annually. Supplier shall provide a copy of its most recent Internal Controls Report(s) for Supplier and its Subcontractors upon request throughout the Term. “Internal Controls Report” means a SOC 2 Type II audit report (or an equivalent independent security review report such as ISO27001 certification, including ISO27002 content, that is acceptable to PG&E) completed by an independent auditor and that covers the processes, systems and facilities used to perform the Services and/or to process or store PG&E Data. If an Internal Controls Report reveals vulnerabilities in Supplier’s facilities, systems or controls, Supplier shall promptly correct such vulnerabilities.
Sample 1

Related to Annual Internal Controls Reports

  • Internal Controls The Company shall maintain a system of internal accounting controls sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in accordance with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Annual Reporting Within 90 days after the close of each of its respective fiscal years, audited, unqualified consolidated financial statements (which shall include balance sheets, statements of income and retained earnings and a statement of cash flows) for Provider for such fiscal year certified in a manner acceptable to the Agent by independent public accountants acceptable to the Agent.

  • Internal Control Effective control and accountability must be maintained for all cash, real and personal property, and other assets. Grantee must adequately safeguard all such property and must provide assurance that it is used solely for authorized purposes. Grantee must also have systems in place that provide reasonable assurance that the information is accurate, allowable, and compliant with the terms and conditions of this Agreement. 2 CFR 200.303.

  • Annual Reports As soon as practicable, and in any event within ninety (90) days after the end of each fiscal year, (i) the consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year and the related consolidated statements of income, stockholders’ equity and cash flows of the Company and its Subsidiaries for such fiscal year, and in comparative form the corresponding figures for the previous fiscal year along with consolidating schedules in form and substance sufficient to calculate the financial covenants set forth in Section 7.18 and (ii) an audit report on the consolidated financial statements (but not the consolidating financial statements or schedules) listed in clause (i) hereof of independent certified public accountants of recognized national standing, which audit report shall be unqualified and shall state that such financial statements fairly present the consolidated financial position of the Company and its Subsidiaries as at the dates indicated and the results of their operations and cash flows for the periods indicated in conformity with Agreement Accounting Principles and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards. The deliveries made pursuant to this clause (ii) shall be accompanied by (x) any management letter prepared by the above-referenced accountants, and (y) a certificate of such accountants that, in the course of their examination necessary for their certification of the foregoing, they have obtained no knowledge of any Default or Event of Default, or if, in the opinion of such accountants, any Default or Event of Default shall exist, stating the nature and status thereof.

  • Financial Reports Borrower shall furnish to Agent the financial statements and reports listed hereinafter (the “Financial Statements”):

  • Quarterly Reporting Within 45 days after the close of the first three (3) quarterly periods of each of its respective fiscal years, to the extent not furnished under the Purchase Agreement, (A) consolidated balance sheets of Provider and its Subsidiaries as at the close of each such period and (B) consolidated statements of income and retained earnings and a statement of cash flows for Provider for the period from the beginning of such fiscal year to the end of such quarter, all certified by its respective chief financial officer or treasurer.

  • Quarterly Financial Reports The School shall prepare and submit quarterly financial reports to the Commission within 45 days of the end of each fiscal year quarter.

  • Financial Management; Financial Reports; Audits 1. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions.

  • Additional Reporting 37. Within seven days after the date of this Agreement, the Recipient shall register in XXX.xxx, and thereafter maintain the currency of the information in XXX.xxx until at least October 1, 2022. The Recipient shall review and update such information at least annually after the initial registration, and more frequently if required by changes in the Recipient’s information. The Recipient agrees that this Agreement and information related thereto, including the Maximum Awardable Amount and any executive total compensation reported pursuant to paragraph 38, may be made available to the public through a U.S. Government website, including XXX.xxx.

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