Common use of Audit Findings Clause in Contracts

Audit Findings. The Board of Directors has delegated to an auditor the responsibility for performing a random audit of payroll contributions at the beginning of each year. Upon completion of an Employer audit, the auditors shall submit a preliminary audit report to EISB for review. EISB shall review the audit’s preliminary findings before the audit is sent to the Employer or EISB Board for approval. After reviewing the preliminary audit report, the EISB CAO may request the auditor to either expand or focus the audit of the Employer. After the appropriate preliminary audit review period and any subsequent follow-up, the auditor shall then prepare a draft audit report for the Employer and the EISB Board of Directors. If the Employer disputes any or all of the audit report, such disputes will be made in writing to EISB within a reasonable period. The EISB CAO, the auditor and Collection Counsel shall determine the validity of the Employer’s dispute. The auditor shall prepare a report summarizing the Employer’s disputes and EISB’s response for the EISB Board of Directors to review. The EISB Board of Directors shall have the ultimate authority to determine what amounts, if any, are in dispute and finalize the audit. Once an audit is finalized, EISB shall either xxxx or refund the Employer as appropriate.

Audit Findings. The Board of Directors has delegated to an auditor the responsibility for performing a random audit of payroll contributions at the beginning of each year. Upon completion of an Employer audit, the auditors shall submit a preliminary audit report to EISB for review. EISB shall review the audit’s preliminary findings before the audit is sent to the Employer or EISB Board for approval. After reviewing the preliminary audit report, the EISB CAO may request the auditor to either expand or focus the audit of the Employer. After the appropriate preliminary audit review period and any subsequent follow-up, the auditor shall then prepare a draft audit report for the Employer and the EISB Board of Directors. If the Employer disputes any or all of the audit report, such disputes will be made in writing to EISB within a reasonable period. The EISB CAO, the auditor and Collection Counsel shall determine the validity of the Employer’s dispute. The auditor shall prepare a report summarizing the Employer’s disputes and EISB’s response for the EISB Board of Directors to review. The EISB Board of Directors shall have the ultimate authority to determine what amounts, if any, are in dispute and finalize the audit. Once an audit is finalized, EISB shall either xxxx bill or refund the Employer as appropriate.