Audit Completion Clause Samples

The Audit Completion clause defines the requirements and procedures for finalizing an audit process. It typically outlines the steps necessary to conclude the audit, such as the submission of final reports, resolution of outstanding issues, and confirmation that all audit objectives have been met. For example, it may specify deadlines for delivering audit findings or require both parties to acknowledge the completion in writing. The core function of this clause is to ensure clarity and mutual agreement on when the audit is officially finished, thereby preventing disputes about ongoing obligations or unresolved matters.
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Audit Completion. The financial audit performed by Purchaser on the Company as of the signing of this Agreement (the “Audit”) shall have been completed to Purchaser's sole satisfaction.
Audit Completion. Prior to Closing, Buyer's independent public accountants shall have completed the preparation of Seller's Audited Financial Statements, together with report of independent public accountant, in conformity with generally accepted accounting principles consistently applied and in compliance with all requirements of Regulation SB under the Securities Act.
Audit Completion. The Company will deliver to Parent the audited financials for the calendar year ended December 31, 2007 no later than sixty (60) days after Closing. K. Section 6.3(n) is amended and modified to read as follows:
Audit Completion. The Company will deliver to Parent the audit financials for year ending December 31, 2006 no later than December 15, 2007.