Audit Coordination. Coordinate and oversee the annual audit of the Fund’s financial statements. · Conduct all stages of audit planning and coordination. · Negotiate fees and engagement letters with outside auditors, where appropriate. · Prepare work papers and schedules for auditors. · Prepare financial statements, footnotes, and report drafts. · Act as liaison between auditors and client on any audit issues.
Audit Coordination. The Contractor will provide support and work collaboratively with CHA to prepare reports, gather information and file documentation, and prepare timely responses to all audit inquiries and shall assist and participate in the defense of any program findings. The CHA and Contractor shall work together in good faith to ensure that all appropriate, applicable and available defenses have been raised and asserted against the HUD findings. CHA shall have final approval of all written responses to program findings. In the event that an audit results in corrective action, the Contractor shall also work within
Audit Coordination. The Contractor will provide support and work collaboratively with CHA to prepare reports, gather information and file documentation, and prepare timely responses to all audit inquiries and shall assist and participate in the defense of any program findings. The CHA and Contractor shall work together in good faith to ensure that all appropriate, applicable and available defenses have been raised and asserted against the HUD findings. CHA shall have final approval of all written responses to program findings. In the event that an audit results in corrective action, the Contractor shall also work within the designated timelines to ensure that all corrective actions are taken, and proper documentation of such corrective actions are maintained and provided to CHA. If an audit finds that errors in program administration resulted in monetary damages which are required by HUD to be repaid or refunded, Contractor shall reimburse CHA for all such damages to the extent that the erroneous actions that resulted in the repayment obligation were performed by or under the control of the Contractor at the time that the damages were incurred. The CHA shall also be entitled to offset the amount of damages from any fees owed by CHA to the Contractor in the event that Contractor fails or refuses to reimburse CHA within 30 days of receipt of notice from HUD that such payment is required. S. Support CHA’s New Initiatives and Program Development:
1. Assist in the development and implementation of MTW and non-MTW policies; and
2. Assist CHA with the implementation of special initiatives.
Audit Coordination. At the fiscal year-end for the DFA STIF, the Agent will host the DFA STIF’s Auditors as needed. As requested by the Auditors, the Agent will supply various reconciliations etc. and will answer, in a timely manner, any and all questions the Auditors have in relation to their work.
Audit Coordination. (i) Act as a liaison between the Company's independent accountants and State Street Bank Fund Accounting or such other person or persons as the Company may appoint as its accounting agent (the "Accounting Agent") to provide backup and answer questions with respect to information presented on the financial statements to the extent that the financial statements reflect information maintained by the Accounting Agent; and
(ii) Coordinate conference calls with the Accounting Agent, BFM and the Company's independent accountants to address issues that arise during the audit process;
Audit Coordination. The basic and fundamental focus of responsible corporate management is the maintenance of proper financial information in auditable form. A company which is not auditable cannot go public, and may find itself unsalable even privately. A public company cannot acquire a private company or its business unless the target of acquisition is capable of being audited. Reg SX audits involve special considerations and must be conducted by auditors professionally equipped, and preferably experienced, for doing audits designed to meet the standards and possible review by NASD and/or SEC examiners. The audit is the table on which the house of cards rests. Its importance cannot be overstated. Many issuers find it useful to obtain audit coordination services, to assist them in communicating effectively with their independent auditor, and in identifying the information to be gathered for the auditor, and submitting such information in the form must useful to the auditor for efficiency and accuracy. Intrepid can provide references to any one or all of a number of experienced auditors, with special expertise in various business segments, or can assist the issuer in working with any qualified auditor of its choice. Intrepid can evaluate the adequacy of audit procedures and alert the issuer if something not considered should require attention. Intrepid does not conduct audits or instruct or control auditors or the results of any audit. Intrepid facilitates effective communication between auditor and issuer, if and as desired by its clients. Intrepid's evaluation of auditors for its clients is limited to whether the designated auditor is effectively conversant with Regulation SX, and whether the auditors experience and qualifications appear reasonably suitable for the size and scope of the audit required.
