Audit and Compliance Review. QHPI agrees that CMS, the Comptroller General, the Office of the Inspector General of HHS or their designees can conduct compliance reviews or audits, which includes the right to interview with reasonable notice employees, contractors and business partners of the QHPI and to audit, inspect, evaluate, examine, and make excerpts, transcripts, and copies of any books, records, documents, and other evidence of QHPI’s compliance with the requirements of this Agreement, upon reasonable notice to QHPI and during QHPI’s regular business hours and at QHPI’s regular business location. These audit and review rights include the right to audit QHPI’s compliance with and implementation of the privacy and security requirements under this Agreement. QHPI further agrees to allow reasonable access to the information and facilities requested by CMS, the Comptroller General, the Office of the Inspector General of HHS, or their designees for the purpose of such a compliance review or audit. CMS may suspend or terminate this Agreement if QHPI does not comply with such a compliance review or audit request within seven (7) business days.
Audit and Compliance Review. 2.1. Subrecipient shall conduct an annual financial audit of the STIF Formula Funds received by the Subrecipient pursuant to this Agreement. All financial audit reports shall be submitted to TriMet no later than 30 days after the receipt of the auditor's final report(s).
2.2. Subrecipient shall be subject to periodic on-site compliance reviews by TriMet. The purpose of the compliance site review is to ensure that Subrecipient has appropriate, adequate internal controls and management procedures to meet the terms and conditions of agreements governing the disbursement of STIF moneys. Compliance reviews may include but not be limited to the following, as applicable: program and project management, financial management, operations management, procurement, use and maintenance of equipment, records retention, compliance with state and federal civil rights laws, compliance with the Americans with Disabilities Act (ADA), charter and school bus, and safety and asset management.
2.3. All audits prepared pursuant to Section 2.1 shall include the agreed-upon procedures (AUP) as set forth in Exhibit F. Those procedures, and related costs, will be included with the Subrecipient’s annual financial statement audit as referenced in Section 2.1.
2.4. An on-site compliance review may not be required upon satisfactory completion by Subrecipient of the AUP as requied in Exhibit F and the following:
2.4.1 When conducting a financial statement audit in accordance with Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS or the Yellow Book), written representations are provided in Subrecipient’s Representation Letter regarding STIF Formula Funds to complement the auditing procedures of the independent auditor. TriMet requires the following language to be included in the Representation Letter to account for STIF Formula funds regardless of materiality: “We are responsible for complying, and have complied with, the requirements pursuant to ORS Chapter 184 and OAR 732, Divisions 40 and 42 for the use of STIF Formula funds identified in the approved FY2019-21 STIF Plan. We have all appropriate, adequate internal controls and management procedures to meet the terms and conditions of agreements governing the disbursement of STIF Formula Funds, including program and project management, financial management, operations management, procurement, use and maintenance of equipment, records retention, compliance with state and federal civil ...
Audit and Compliance Review. 2.1. Subrecipient shall conduct an annual financial audit of the STIF Formula Funds received by the Subrecipient pursuant to this Agreement and OAR 732-040-0015.
2.2. All audits prepared pursuant to Section 2.1 shall include the agreed-upon procedures (AUP) engagement requirements, developed by ODOT, established in accordance with Generally Accepted Government Auditing Standards (GAGAS), and any subsequent amendments. Those procedures, and related costs, will be included with the Subrecipient’s annual financial statement audit as referenced in Section 2.1 The AUP should be completed at the same time as the Subrecipient’s annual financial audit but no later than 90 days after completion of the Subrecipient’s annual financial audit.
2.3. Subrecipient shall be subject to periodic on-site compliance reviews by TriMet, the QE, as prescribed in ODOT’s STIF Formula QE-Subrecipient Oversight Compliance Guide, and any amendments to such guide. The purpose of the compliance site review is to ensure that Subrecipient has appropriate, adequate internal controls and management procedures to meet the terms and conditions of agreements governing the disbursement of STIF Formula Funds. Compliance reviews may include, but not be limited to the following, as applicable: program and project management, financial management, operations management, procurement, use and maintenance of equipment, records retention, compliance with state and federal civil rights laws, compliance with the Americans with Disabilities Act (ADA), compliance with FTA drug and alcohol regulations, charter and school bus, and safety and asset management.
2.4. The following reports are required as part of the Subrecipient’s annual Financial Statement audit, in conjunction with the AUP engagement:
2.4.1 When conducting a financial statement audit in accordance with Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS or the Yellow Book), written representations are provided in Subrecipient’s Representation Letter regarding STIF Formula Funds to complement the auditing procedures of the independent auditor. TriMet requires the following language to be included in the Representation Letter to account for STIF Formula Funds, regardless of materiality: “We are responsible for complying, and have complied with, the requirements pursuant to ORS Chapter 184 and OAR 732, Divisions 40 and 42 for the use of STIF Formula funds identified in the approved FY2022-23 S...
Audit and Compliance Review. EDE Entity agrees that CMS, the Comptroller General, the Office of the Inspector General of HHS, or their designees may conduct compliance reviews or audits, which includes the right to interview employees, contractors, and business partners of EDE Entity and to audit, inspect, evaluate, examine, and make excerpts, transcripts, and copies of any books, records, documents, and other evidence of EDE Entity’s compliance with the requirements of this Agreement and applicable program requirements upon reasonable notice to EDE Entity, during EDE Entity’s regular business hours, and at EDE Entity’s regular business location. These audit and review rights include the right to audit EDE Entity’s compliance with and implementation of the privacy and security requirements under this Agreement, the ISA, EDE Entity’s respective agreement(s) with CMS (including the QHP Issuer Agreement or the Web-broker Agreement), and applicable program requirements. EDE Entity further agrees to allow reasonable access to the information and facilities, including, but not limited to, EDE Entity website testing environments, requested by CMS, the Comptroller General, the Office of the Inspector General of HHS, or their designees for the purpose of such a compliance review or audit. EDE Entity is also responsible for ensuring cooperation by its Downstream and Delegated Entities, including EDE Entity’s subcontractors and assignees, as well as the Auditor(s) and any of its subcontractors, with audits and reviews. CMS may suspend or terminate this Agreement if EDE Entity does not comply with such a compliance review request within seven (7) business days. If any of EDE Entity’s obligations under this Agreement are delegated to other parties, the EDE Entity’s agreement with any Downstream and Delegated Entities must incorporate this Agreement provision. This clause survives the expiration or termination of this Agreement.
Audit and Compliance Review. Web-broker agrees that CMS, the Comptroller General, the Office of the Inspector General of HHS, or their designees may conduct compliance reviews or audits, which includes the right to interview employees, contractors and business partners of Web-broker and to audit, inspect, evaluate, examine, and make excerpts, transcripts, and copies of any books, records, documents, and other evidence of Web-broker’s compliance with the requirements of this Agreement upon reasonable notice to Web-broker, during Web-broker’s regular business hours, and at Web-broker’s regular business location. These audit and review rights include the right to audit Web- broker’s compliance with and implementation of the privacy and security requirements under this Agreement. Web-broker further agrees to allow reasonable access to the Information and facilities, including, but not limited to, Web-broker website testing environments, requested by CMS, the Comptroller General, the Office of the Inspector General of HHS, or their designees for the purpose of such a compliance review or audit. CMS may suspend or terminate this Agreement if Web-broker does not comply with such a compliance review request within seven (7) business Days. If any of Web-broker’s obligations under this Agreement are delegated to other parties, Web-broker’s agreement with any delegated or downstream entities must incorporate this Agreement provision. This clause survives the expiration or termination of this Agreement.
Audit and Compliance Review. 2.1. Subrecipient shall conduct an annual financial audit of the STIF Formula Funds received by the Subrecipient pursuant to this Agreement and OAR 732-040-0015.
2.2. All audits prepared pursuant to Section 2.1 shall include the agreed-upon procedures (AUP) engagement requirements, developed by ODOT, established in accordance with Generally Accepted Government Auditing Standards (GAGAS), and any subsequent amendmentsas setforth in Exhibit F. Those procedures, and related costs, will be included with the Subrecipient’s annual financial statement audit as referenced in Section 2.1The AUP should be completed at the same time as the Subrecipient’s annual financial audit but no later than 90 days after completion of the Subrecipient’s annual financial audit.
2.3. Subrecipient shall be subject to periodic on-site compliance reviews by TriMet, the QE, as prescribed in ODOT’s STIF Formula QE-Subrecipient Oversight Compliance Guide, and any amendments to such guide. The purpose of the compliance site review is to ensure that Subrecipient has appropriate, adequate internal controls and management procedures to meet the terms and conditions of agreements governing the disbursement of STIF Formula Funds. Compliance reviews may include, but not be limited to the following, as applicable: program and project management, financial management, operations management, procurement, use and maintenance of equipment, records retention, compliance with state and federal civil rights laws, compliance with the Americans with Disabilities Act (ADA), compliance with FTA drug and alcohol regulations, charter and school bus, and safety and asset management.
2.4. The following reports are required as part of the Subrecipient’s annual Financial Statement audit, in conjunction with the AUP engagement:
2.4.1 When conducting a financial statement audit in accordance with Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards (GAGAS or the Yellow Book), written representations are provided in Subrecipient’s Representation Letter regarding STIF Formula Funds to complement the auditing procedures of the independent auditor. TriMet requires the following language to be included in the Representation Letter to account for STIF Formula Funds, regardless of materiality: “We are responsible for complying, and have complied with, the requirements pursuant to ORS Chapter 184 and OAR 732, Divisions 40 and 42 for the use of STIF Formula funds identified in t...
Audit and Compliance Review. The Chairman of the UDT Ethics Committee shall have the responsibility of directing and monitoring all audit and compliance review to ensure that all ethical standards are being met and that UDT's compliance program is being implemented. The duties in this regard of the Chairman of the Ethics Committee shall include the following:
(1) Have final decision making authority with respect to matters over which the Committee does not achieve a consensus, subject to the review of the Board of Directors.
Audit and Compliance Review. WBE agrees that CMS, the Comptroller General, the Office of the Inspector General of HHS, or their designees may conduct compliance reviews or audits, which includes the right to interview employees, contractors and business partners of the WBE and to audit, inspect, evaluate, examine, and make excerpts, transcripts, and copies of any books, records, documents, and other evidence of WBE’s compliance with the requirements of this Agreement upon reasonable notice to WBE, during WBE’s regular business hours, and at WBE’s regular business location. These audit and review rights
Audit and Compliance Review. Web-broker agrees that CMS, the Comptroller General, the Office of the Inspector General of HHS, or their designees may conduct compliance reviews or audits, which includes the right to interview employees, contractors and business partners of the Web-broker and to audit, inspect, evaluate, examine, and make excerpts, transcripts, and copies of any books, records, documents, and other evidence of Web-broker’s compliance with the requirements of this Agreement upon reasonable notice to Web-broker, during
Audit and Compliance Review a. PCC shall be subject to audit and compliance review in accordance with Agreement and the agreement between TriMet and Multnomah County for receipt and use of STIF Funds.
b. Upon request, PCC shall permit TriMet, ODOT, the Secretary of State of Oregon, or their authorized representatives, access to data and records held by PCC relating to performance of this Agreement.
