Audit Administration Sample Clauses

Audit Administration. The Auditor may from time to time, and depending on the circumstances, use third-party service providers in serving the District’s account. The Auditor may share confidential information about the District with these service providers, but remain committed to maintaining the confidentiality and security of the District’s information. Accordingly, the Auditor maintains internal policies, procedures, and safeguards to protect the confidentiality of the District’s personal information. In addition, the Auditor will secure confidentiality agreements with all service providers to maintain the confidentiality of the District’s information and the Auditor will take reasonable precautions to determine that they have appropriate procedures in place to prevent the unauthorized release of the District’s confidential information to others. In the event that the Auditor is unable to secure an appropriate confidentiality agreement, the District will be asked to provide consent prior to the sharing of confidential information with the third-party service provider. Furthermore, the Auditor will remain responsible for the work provided by any such third-party service providers. The Auditor understands that the District’s employees will prepare any confirmations the Auditor requests and will locate any documents selected by the Auditor for testing. At the conclusion of the engagement, the Auditor will complete the appropriate sections of the Data Collection Form that summarizes the audit findings. It is management’s responsibility to submit the reporting package (including financial statements, schedule of expenditures of federal awards, summary schedule of prior audit findings, auditors’ reports, and corrective action plan) along with the Data Collection Form to the federal audit clearinghouse. The Auditor will coordinate the electronic submission and certification with management. If applicable, the Auditor will provide copies of their report for the District to include with the reporting package to submit to pass-through entities. The Data Collection Form and the reporting package must be submitted within the earlier of 30 days after receipt of the auditors’ reports or nine months after the end of the audit period, unless a longer period is agreed to in advance by the cognizant or oversight agency for audits. The audit documentation for this engagement is the property of the Auditor and constitutes confidential information. However, pursuant to authority given by law or ...
Sample 1
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Audit Administration. Our understanding is that you will provide us with a set of CPA-compiled financial statements including disclosures prior to commencement of the audit, along with supporting schedules for selected balance sheet accounts and note disclosures, analyses of accounts for selected revenue and expense accounts, and presentation of GASB 68 amounts in the financial statements and notes. Our fees for these services will be based on the actual time spent at our standard hourly rates, plus out- of-pocket costs such as report production, typing, postage, etc. Our standard hourly rates vary according to the degree of responsibility involved and the experience level of the personnel assigned to your audit. Our invoices for these fees will be rendered each month as work progresses and are payable upon presentation. Based on our estimates, the fee will not exceed $16,900 for the general purpose financial statements described above, including out of pocket costs for report assembly. Our fee will cover attendance at a meeting of the Board of Directors to present the results of our work, if requested. This estimate is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a new fee estimate before we incur the additional costs. Other work performed will be billed separately at our normal hourly rates. Should Single Audit reports be required the fee would be $4,000. We anticipate additional audit work will be required surrounding the presentation required by GASB 68. This work will entail obtaining and reviewing certain information from CalPERS, as well as auditing the entries and disclosures related to recording of the net pension liability and related activity. We will track our work separately for this work, and anticipate that the additional fee will not exceed $2,600. We appreciate the opportunity to be of service to Squaw Valley Public Service District and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us. Very truly yours, XxXXXXXXXX ACCOUNTANCY CORPORATION You are hereby authorized to proceed with the services outlined above. SQUAW VALLEY PUBLIC SERVICE DISTRICT
Sample 1
Audit Administration 
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Related to Audit Administration

  • Contract Administration The Delegate shall cause that the foreign custody arrangements with an Eligible Foreign Custodian shall be governed by a written contract that the Delegate has determined will provide reasonable care for Fund assets based on the standards applicable to custodians in the relevant market. Each such contract shall, except as set forth in the last paragraph of this subsection (b), include provisions that provide:

  • Trust Administration The Adviser shall give the Trust the benefit of its best judgment, efforts and facilities in rendering its services. The Adviser shall at all times conform to: (i) all applicable provisions of the Act and any rules and regulations adopted thereunder; (ii) the provisions of the Registration Statement of the Trust under the Securities Act of 1933 and the Act as amended from time to time; (iii) the provisions of the Agreement and Declaration of Trust and the By-Laws of the Trust; and (iv) any other applicable provisions of state and federal law. Subject to the direction and control of the Trust, the Adviser shall supervise the Fund’s business affairs. In addition, to the extent not otherwise provided by other parties under agreements with the Trust, the Adviser shall supply: (i) non-investment related statistical and research data; (ii) the services of a Chief Compliance Officer for the Trust with respect to the Fund and (iii) executive and administrative services. The Adviser shall also assist with and/or supervise the preparation by the Trust’s administrator, transfer agent, and/or auditors of: (i) tax returns; (ii) reports to shareholders of the Fund; (iii) reports to, and filings with, the Securities and Exchange Commission, state securities commissions and Blue Sky authorities including preliminary and definitive proxy materials and post-effective amendments to the Trust’s registration statement; and (iv) necessary materials for meetings of the Trust’s Board of Trustees. The Adviser shall provide personnel to serve as officers of the Trust if so elected by the Board of Trustees. Executive and administrative services include, but are not limited to, the coordination of all third parties furnishing services to the Fund, review of the books and records of the Fund maintained by such third parties, and the review and submission to the officers of the Fund for their approval, of invoices or other requests for payment of Fund expenses; and such other action with respect to the Fund as may be necessary in the opinion of the Adviser to perform its duties hereunder.

  • Responsibility for Contract Administration The Servicer will have the sole obligation to manage, administer, service and make collections on the Contracts and perform or cause to be performed all contractual and customary undertakings of the holder of the Contracts to the Obligor. The Owner Trustee, at the written request of a Servicing Officer, shall furnish the Servicer with any powers of attorney or other documents necessary or appropriate in the opinion of the Owner Trustee to enable the Servicer to carry out its servicing and administrative duties hereunder. The Servicer is hereby appointed the servicer hereunder until such time as any Service Transfer may be effected under Article VIII.

  • Tax Administration (a) The Trust and the Certificate Paying Agent, upon direction from the Sponsor, shall comply with all withholding and backup withholding tax requirements under United States federal (including, without limitation, Sections 1441, 1442, 1445, 1446 and 1471 through 1474 of the Code), state and local law. The Certificate Paying Agent shall request, and the Certificateholder shall provide to the Certificate Paying Agent, such forms or certificates as are necessary to establish an exemption from withholding and backup withholding tax with respect to the Certificateholder and any representations and forms as shall reasonably be requested by the Trust to assist it in determining the extent of, and in fulfilling, its withholding and backup withholding tax obligations. The Certificateholder, by acceptance of the Certificate, agrees to provide to the Certificate Paying Agent, upon its request, the FATCA Information. In addition, the Certificateholder, by acceptance of the Certificate, agrees that the Certificate Paying Agent has the right to withhold any amounts (properly withholdable under law and without any corresponding gross-up) payable to the Certificateholder that fails to comply with the requirements of the preceding sentence.

  • General Administration 13.1 The Managers shall handle and settle all claims arising out of the Management Services hereunder and keep the Owners informed regarding any incident of which the Managers become aware which gives or may give rise to claims or disputes involving third parties.

  • Loan Administration Borrowings under the Loan shall be as follows:

  • Committee Administration This option has been granted pursuant to a determination made by the Committee, and such Committee or any successor or substitute committee authorized by the Board of Directors or the Board of Directors itself, subject to the express terms of this option, shall have plenary authority to interpret any provision of this option and to make any determinations necessary or advisable for the administration of this option and the exercise of the rights herein granted, and may waive or amend any provisions hereof in any manner not adversely affecting the rights granted to Optionee by the express terms hereof.

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