Auditor’s Duties Clause Samples
The 'Auditor’s Duties' clause defines the responsibilities and obligations of an auditor when reviewing a company’s financial records or operations. Typically, this clause outlines the scope of the auditor’s work, such as examining financial statements, verifying compliance with relevant laws, and reporting findings to stakeholders. It may also specify timelines for audits, confidentiality requirements, and standards to be followed. The core function of this clause is to ensure transparency and accountability by clearly delineating what is expected from the auditor, thereby helping to maintain trust and integrity in financial reporting.
Auditor’s Duties. Notwithstanding termination of this Contract and subject to any directions from the Board, the Auditor shall take timely, reasonable, and necessary actions to protect and preserve property in the possession of the Auditor in which DFA has an interest. Upon termination of this Contract, the Auditor shall fully cooperate with the Board and the new Auditor during the transition of the Plan to the new Auditor. The Board and the Auditor will work together in good faith to determine the Auditor’s scope of responsibilities and deliverables. Upon request of the Board, the Auditor shall provide all information maintained by the Auditor in relation to the Plan in a reasonable time frame specified by the Board. Information provided shall be in a usable format, as mutually agreed by the Board and the Auditor. The Auditor shall provide such explanation of the information provided as to facilitate a smooth transition.
Auditor’s Duties. The Auditor shall perform the following duties:
(a) Review and recommend to the JPA Executive Committee accounting procedures and policies governing the JPA;
(b) Review and approve all demands listed on the Warrant Registers prior to submittal to the JPA Executive Committee;
(c) Review payroll registers at least monthly;
(d) Review all financial reports being submitted to the JPA Executive Committee and make the JPA Executive Committee aware of any discrepancies or potential problems in the reports;
(e) Review investments made by the President or Treasurer;
(f) Review the audit report prepared by a Certified Public Accounting firm prior to finalization of the report and submittal to the JPA Executive Committee; and
(g) Assist staff in the selection of the Certified Public Accounting firm.
Auditor’s Duties. Notwithstanding termination of this Contract and subject to any directions from DFA and OSA, the Auditor shall take timely, reasonable, and necessary actions to protect and preserve property in the possession of the Auditor in which DFA has an interest. Upon termination of this Contract, the Auditor shall fully cooperate with the DFA, OSA, and the new Auditor during the transition of the Plan to the new Auditor. DFA, OSA, and the Auditor will work together in good faith to determine the Auditor's scope of responsibilities and deliverables. Upon request of DFA and/or OSA, the Auditor shall provide all information maintained by the Auditor in relation to the Plan in a reasonable time frame specified by DFA and OSA. Information provided shall be in a usable format, as mutually agreed hy DFA, OSA and the Auditor. The Auditor shall provide such explanation of the information provided as to facilitate a smooth transition.
Auditor’s Duties. The Auditor shall be retained to:
(a) review and report on the system for comprehensive accounting and reporting of
(b) conduct an annual audit of all assets and Trust Funds and provide a copy to each of the Trustees and the Community Council;
(c) provide any other necessary reports on Trust Funds and the Trust to the Trustees as may be requested by the Trustees;
(d) prepare the GST income tax returns for the Trust; and
(e) provide advice and recommendations on the management and disposition of
Auditor’s Duties. The Auditor shall be retained to:
(a) review and report on the system for comprehensive accounting and reporting of Trust Funds;
(b) conduct an annual audit of all assets and Trust Funds;
(c) provide any other necessary reports on assets, Trust Funds and the Trust to the Trustees as may be requested by the Trustees;
Auditor’s Duties. Standards: The AUDITOR shall perform all test work and prepare all reports in accordance with the following professional standards and federal audit requirements: Generally accepted auditing standards as promulgated by the American Institute of Certified Public Accountants (AICPA), including applicable statements of position and audit guides; Government Auditing Standards issued by the comptroller General of the United States; The Single Audit Act as amended by the Single Audit Act Amendments of 1996;
Auditor’s Duties. The NCEMS-operator shall ensure that the auditors are approved by the Board. Such approval and appointment shall not be unreasonably withheld, on terms which require them to: -
20.3.1 report to the Board within three months of the end of each financial year, stating whether the NCEMS-operator has kept a proper set of books and records and operated an adequate system of internal control as is mentioned in clause 21 above; and
20.3.2 inform the Board whether during their audit, the Board became aware of any irregularities, fraud, failure to comply with any provisions imposed by or under any statute, breach of this contract or misconduct by the NCEMS-operator or its contractors, officers or employees.
Auditor’s Duties