Common use of Auditor’s Report Clause in Contracts

Auditor’s Report. A complete financial statement outlining the financial status of the Project (for a period of time as indicated by context), which shall include a certification of Total Project Cost (in the first Auditor’s Report following Substantial Completion only, with any changes to be contained in a subsequent Auditor’s Report) and proper and accurate computations of Annual Gross Revenue and Net Profit. The contents of the Auditor's Report shall be prepared in conformity with generally accepted accounting principles and shall contain such information as necessary to compute the foregoing items, and any other items required by the Law or by Borough ordinance. The Auditor's Report shall be certified as to its conformance with such principles by a certified public accountant that is licensed to practice in the State of New Jersey.

Auditor’s Report. A complete financial statement outlining the financial status of the Project (for a period of time as indicated by context), ) the contents of which shall include a certification of Total Project Cost (in the first Auditor’s Report following Substantial Completion only, with any changes to be contained in a subsequent Auditor’s Annual Report) and proper and accurate computations of Annual annual Gross Revenue and Net Profit. The contents of the Auditor's ’s Report shall be prepared in conformity with generally accepted accounting principles and shall contain such information as necessary to compute the foregoing items, and any other items required by the Law Law, Statutes or by Borough ordinanceOrdinance. The Auditor's ’s Report shall be certified as to its conformance with such principles by a certified public accountant that who is licensed to practice that profession in the State of New Jersey.

Auditor’s Report. A complete financial statement outlining the financial status of the Project (for a period of time as indicated by context), which shall include a certification of Total Project Cost (in the first Auditor’s Report following Substantial Completion of the entire Project only, with any changes to be contained in a subsequent Auditor’s Report) and proper and accurate computations of Annual Gross Revenue and Net Profit. The contents of the Auditor's Report shall be prepared in conformity with generally accepted accounting principles and shall contain such information as necessary to compute the foregoing items, and any other items required by the Law or by Borough ordinance. The Auditor's Report shall be certified as to its conformance with such principles by a certified public accountant that is licensed to practice in the State of New Jersey.