AUDIT PROGRAM. We conduct supplier audits in accordance to our audit program. They can be scheduled, event- driven or in the form of a self-audit. An audit team nominated by the Procurement Department handles the choice of an audit as well as its organization, planning and implementation in close collaboration with the individual departments. The supplier is given timely notice of the upcoming supplier audit and must ensure that it goes smoothly. With event-driven supplier audits, e.g. commencing with classification at Escalation Level 2, we reserve the right to conduct immediate audits and bill the costs to the party responsible. Outside of the escalation model, we reserve the right to audit our suppliers at least every five years. The supplier must also prepare an audit plan, which codifies the regular performance of internal product and process audits and their scope. VDA Volume 6 Part 5 or VDA Volume 6 Part 3 or equivalent procedures must be used. Audits by sub-suppliers must be taken into account. voestalpine requires all process participants to conduct regular audits in accordance with applicable standards, etc., and authorize their execution by external partners to ensure compliance with all customer-, product- and process-specific requirements.
AUDIT PROGRAM. (1) By July 31, 2002, the Board shall adopt, implement, and thereafter ensure Bank adherence to an independent audit program sufficient to:
(a) evaluate the Bank's adherence to established policies, procedures and regulatory reporting requirements, with particular emphasis directed to the Bank's adherence to its loan policies concerning underwriting standards, problem loan identification and classification, loan payment extensions and deferrals, nonaccrual loans, repossessed assets, and the Allowance for Loan and Lease Losses;
(b) ensure adequate audit coverage in all areas; and
(c) establish an annual audit plan using a risk based approach sufficient to achieve these objectives.
(2) As part of this audit program, the Board shall evaluate the audit reports of any party providing services to the Bank, and shall assess the impact on the Bank of any audit deficiencies cited in such reports. The evaluations and assessments referred to in this paragraph shall be in writing and noted in the minutes of the Board.
(3) The Board shall ensure that the Bank has processes, personnel, and control systems to ensure implementation of and adherence to the program developed pursuant to this Article.
(4) The Board shall ensure that the audit function is supported by an adequately staffed department or outside firm, with respect to both the experience level and number of the individuals employed.
(5) The Board shall ensure that the audit program is independent. The persons responsible for implementing the audit program described above shall report directly to the Board, that shall have the sole power to direct their activities. All reports prepared by the audit staff shall be filed directly with the Board and not through any intervening party.
(6) All audit reports shall be in writing. The Board shall ensure that immediate actions are undertaken to remedy deficiencies cited in audit reports, and that auditors maintain a written record describing those actions.
(7) The audit staff shall have access to any records necessary for the proper conduct of its activities. National bank examiners shall have access to all reports and work papers of the audit staff and any other parties working on its behalf.
(8) Upon adoption, a copy of the audit program shall be promptly submitted to the Assistant Deputy Comptroller.
AUDIT PROGRAM. FII will develop a program of financial and performance audits and reviews of the Recipient and the Work performed by the Recipient (and any Subcontractors) (the “Audit Program”). The Audit Program will be designed in combination with ongoing monitoring activities of the Recipient (and any Subcontractors) to achieve a sufficient level of assurance that the Recipient:
(a) meets or exceeds the Performance Measures;
(b) performs the Work with expected outcomes, in a manner consistent with the objectives of the Program;
(c) completes the Work to a high standard in accordance with the Project Proposal, the Budget and the Performance Measures; and
(d) only claims for Eligible Costs in performing the Work.
AUDIT PROGRAM. Databricks uses external auditors to verify the adequacy of its security measures with respect to its processing of Personal Data. Such audits are performed (a) at least once annually; (b) according to ISO 27001 standards or such other alternative standards that are substantially equivalent to ISO 27001; and (c) by independent third party security professionals selected by Databricks. Such audits result in the generation of a confidential audit report (“Audit Report”).
AUDIT PROGRAM. CDOT Internal Auditors are to conduct and supervise: internal audits of CDOT, external audits of persons entering into contracts with the department, federally required audits, financial audits, and performance audits to determine the efficiency and effectiveness of CDOT operations. The internal audits often focus on the adequacy and effectiveness of internal and management controls. Audits also evaluate compliance with federal and state regulations and compliance with contract terms. Each year, the Commission’s Audit Review Committee approves an annual audit work plan. As a part of the process for developing CDOT Internal Auditor’s work plan, managers throughout CDOT are surveyed concerning internal audit risks and audit needs. Coordination with the Quality Improvement Council (QIC) is planned as a part of the development of each fiscal year’s work plan. Every effort is made to coordinate activities and prevent duplication. The Audit Program also plans on working with the Performance Measures Team to assist in verification of performance measure reporting, and to help evaluate the impact of the performance measures.
AUDIT PROGRAM. After consultation with NMED, [COMPANY] shall conduct an audit of its Facilities’ compliance with agreed-upon provisions of the Clean Air Act, its implementing regulations, state rules and permit requirements. At a minimum, [COMPANY] shall complete the requirements in Appendix B, paragraphs 1 through 5. The benefits of this Agreement shall only extend to those Facilities listed in Appendix E that [COMPANY] audits pursuant to this Agreement and the requirements included in the agreement.
AUDIT PROGRAM. Dependents who are not eligible for the tuition waiver program may audit one undergraduate or graduate course per semester for non-credit with the permission of the professor, so long as the following criterion are met: • Space available only • No on-line courses • May not be used to establish minimum enrollment for the course • May not exceed maximum enrollment numbers for each course • May not interfere with the needs of matriculated students • Course fees are not waived
AUDIT PROGRAM. The Parties hereto shall comply with the terms and provisions of the audit program set forth on Exhibit C attached hereto. The Buyer and the Company do not warrant to the Seller that the Seller Projects will be completed at the costs set forth in Section 1(c) of the Disclosure Schedule and, subject to the terms and conditions of this Agreement, the Buyer and the Company shall have no liability for cost overruns on such projects.
AUDIT PROGRAM. EHSO has established an audit program to assist in maintaining laboratories and facilities that are safe and protective of the environment. EHSO will periodically visit laboratories and facilities to review the implementation of applicable safety, health and environmental policies and requirements. The following topics will normally be covered: training, personal protective equipment, emergency equipment, fume hoods, hazardous material storage, survey for highly hazardous materials or acutely hazardous waste, Material Safety Data Sheet (MSDS) availability, hazardous waste accumulation areas, and emergency plans. A report indicating any necessary corrective actions and suggested improvements will be provided. The inspection checklists are available for review at xxxx://xxx.xxxxxx.xxx/ehso/jabsom/ppg.htm.
AUDIT PROGRAM. EHS has established an audit program to assist in maintaining laboratories and facilities that are safe and protective of the environment. EHS will periodically visit laboratories and facilities to review the implementation of applicable safety, health and environmental policies and requirements. The following topics will normally be covered: training, personal protective equipment, emergency equipment, fume hoods, hazardous material storage, survey for highly hazardous materials or acutely hazardous waste, Safety Data Sheet (SDS) availability, hazardous waste accumulation areas, and emergency plans. A report indicating any necessary corrective actions and suggested improvements will be provided. The inspection checklists are available for review on the JABSOM EHS website.
