Common use of Audit Extensions Clause in Contracts

Audit Extensions. Audit extensions may be granted by The Children’s Trust upon receipt, in writing, of such request with appropriate justification by Provider and for a period of time not to exceed sixty (60) calendar days after the initial due date. A copy of the engagement letter, along with the anticipated audit completion date and any concerns from Provider’s CPA firm related to the audit must accompany the request. Approved audit extension requests allow for the continuation of payment until such time that the extension expires. In the event that either the Annual Financial Statement Audit or the Program- Specific Audit is not received in a timely manner and in accordance with the previously stated due dates and an audit extension has not been approved, The Children’s Trust shall withhold all payments to Provider until the documents are received and deemed by The Children’s Trust.

Audit Extensions. Audit extensions may be granted by The Children’s Trust upon receipt, in writing, of such request with appropriate justification by Provider and for a period of time not to exceed sixty (60) calendar days after the initial due date. A copy of the engagement letter, along with the anticipated audit completion date and any concerns from Provider’s CPA firm related to the audit must accompany the request. Approved audit extension requests allow for the continuation of payment until such time that the extension expires. In the event that either the Annual Financial Statement Audit or the Program- Program-Specific Audit is not received in a timely manner and in accordance with the previously stated due dates and an audit extension has not been approved, then The Children’s Trust shall withhold all payments to Provider until the documents are received and deemed by The Children’s Trust.

Audit Extensions. Audit extensions may be granted by The Children’s Trust upon receipt, in writing, of such request with appropriate justification by Provider and for a period of time not to exceed sixty (60) calendar days after the initial due date. A copy of the engagement letter, along with the anticipated audit completion date and any concerns from Provider’s CPA firm related to the audit must accompany the request. Approved audit extension requests allow for the continuation of payment until such time that the extension expires. In the event that either the Annual Financial Statement Audit annual financial statement audit or the Program- Specific Audit program specific audit is not received in a timely manner and in accordance with the previously stated due dates dates; and an audit extension has not been approved, then The Children’s Trust shall withhold all payments to Provider until the documents are received and deemed determined to be acceptable by The Children’s Trust.