Common use of Audit Function Clause in Contracts

Audit Function. The Partnership has engaged the Auditor as its independent auditors. The Advisory Committee shall review and confer with respect to the performance of the Partnership’s independent auditors and may, by the vote of a majority of its members, require that such auditors be substituted by the General Partner. The Partnership shall establish an internal audit staff which (i) shall report directly to the Advisory Committee and (ii) shall not be utilized by any Partner with respect to its separate business.

Audit Function. The Partnership has engaged the Auditor as its independent auditors. The Advisory Committee shall review and confer with respect to the performance of the Partnership’s independent auditors and may, by the vote of a majority four (4) of its members, require that such auditors be substituted by the General Partner; provided, however, that a vote of only three (3) of the members of the Advisory Committee shall be required if the substitute auditors are Deloitte LLP or KPMG LLP. The Partnership shall establish an internal audit staff which (i) shall report directly to the Advisory Committee and (ii) shall not be utilized by any Partner with respect to its separate business.

Audit Function. The Partnership has engaged the Auditor as its independent auditors. The Advisory Committee shall review and confer with respect to the performance of the Partnership’s independent auditors and may, by the vote of a majority four of its members, require that such auditors be substituted by the General Partner; provided, however, that a vote of only three of the members of the Advisory Committee shall be required if the substitute auditors are Deloitte LLP or KPMG LLP. The Partnership shall establish an internal audit staff which (i) shall report directly to the Advisory Committee and (ii) shall not be utilized by any Partner with respect to its separate business.