Audits and controls Sample Clauses

Audits and controls. (1) The Agency and such persons who are authorised for this purpose by the Executive Director may carry out audits and controls and have access to all books, papers, records and files kept by the Contractor relating to the performance of the contract and to the expenditure incurred in its performance during the contractual period and for a period of five years after such period. The Contractor shall provide free of charge all the information thus requested. (2) In order to carry out audits, the Agency and such persons who are authorised for this purpose by the Executive Director shall have total on-the-spot access, notably to the Contractor's offices, at all times and to all the information needed to check that the Contractor has complied with the Contract, including information in electronic format. (3) The European Court of Auditors and the European Anti-Fraud Office may carry out audits and controls in accordance with relevant Community laws, especially the Financial Regulation applicable to the general budget of the European Communities1.
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Audits and controls. The Agency and such persons who are authorised for this purpose by the Executive Director shall be entitled to carry out audits and controls, have access to all books, papers, records and files kept by the contractor relating to expenditure incurred in performing the contract during the contractual period and for a period of five years after such period.
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Audits and controls. 8.1. The Provider shall make available to the Client all information necessary to demonstrate compliance with the obligations laid down in this MDPA. In this context, the Provider shall regularly audit the security of the Personal Data processing systems and environments used by it to perform the Services as well as the premises where the processing is carried out. The Provider may decide to select and entrust certain independent consultants with performing such audits, which shall be made according to international standards and/or best practices and whose outcome shall be described in special reports (“Reports”). The Reports, to be deemed as confidential information of the Provider, may be made available to the Client for allowing verification by this latter of the Provider’s compliance with the security obligations set forth in this MDPA. 8.2. In the cases contemplated in paragraph 8.1, the Client hereby accepts to exercise its right to verification simply by accessing the Reports made available to it by the Provider.
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Audits and controls. 11.1 SWEPCO shall maintain an adequate and comprehensive accounting system which will ensure that adequate procedures and records are maintained in accordance with acceptable standards of the industry, requirements of the Federal Energy Regulatory Commission, and any other regulatory bodies having jurisdiction, such records to be in sufficient detail to permit complete analysis and substantiation of all costs and xxxxxxxx. 11.2 An annual audit of such accounting records of SWEPCO which pertain to the recording and development of costs used for billing purposes shall be made for the purpose of verifying the accuracy of such accounts.
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Audits and controls. Both parties shall ensure the exercise of the control rights of the European Commission, the European Anti-Fraud Office and the Court of Auditors according to Article 14§3 of Council Regulation (EU) No 561/2014 with respect to this agreement.
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Audits and controls. 7.1. Financial audits and controls (Article II.21)
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Audits and controls. The activities performed by TI-S under this Agreement shall be subject to the same audits and controls to which the organisation is subject in connection with its normal activities. In addition, TI-S is subject to any audit and control done by the FMO, the Financial Mechanism Committee and/or the EFTA Board of Auditors. TI-S shall be notified in writing at least two working days before any such audits or controls. TI-S shall, upon request, ensure that the authorised representatives carrying out such audits and controls are accompanied by relevant personnel and provide them with the necessary assistance. TI shall give the FMO, the Financial Mechanisms Committee or the EFTA Board of Auditors prompt, full, and unimpeded access to all information, documents, persons, locations and facilities, relevant to the costs covered by the FMO under this Agreement. It is understood that the audits and controls will be carried out in consultation and liaison with the External Auditor of TI-S.
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Audits and controls. The activities performed by the Council of Europe under this Agreement shall be subject to the same audits and controls to which the organisation is subject in connection with its normal activities. In addition, the Council of Europe is subject to any audit and control done by the FMO, the Financial Mechanism Committee and/or the EFTA Board of Auditors. The audits and controls performed by these institutions are limited to the activities performed by the Council of Europe in connection with the donor partnership programme and expenses related to these activities. The Council of Europe shall be notified in writing at least two working days before any such audits or controls. The Council of Europe shall, upon request, ensure that the authorised representatives carrying out such audits and controls are accompanied by relevant personnel and provide them with the necessary assistance. The Council of Europe shall give the FMO, the Financial Mechanisms Committee or the EFTA Board of Auditors prompt, full, and unimpeded access to all information, documents, persons, locations and facilities, relevant to the costs covered by the FMO under this Agreement. It is understood that the audits and controls will be carried out in consultation and liaison with the External Auditor of the Council of Europe.
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Audits and controls. This section addresses both the requirements for “internal” and “external” auditing capabilities. The system shall have controls to ensure data integrity. Audit trails must be available to assist in identifying basic information such as: What was changed? Who changed it? When was it changed?
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Related to Audits and controls

  • Audit Controls a. System Security Review. CONTRACTOR must ensure audit control mechanisms that record and examine system activity are in place. All systems processing and/or storing PHI COUNTY discloses to CONTRACTOR or CONTRACTOR creates, receives, maintains, or transmits on behalf of COUNTY must have at least an annual system risk assessment/security review which provides assurance that administrative, physical, and technical controls are functioning effectively and providing adequate levels of protection. Reviews should include vulnerability scanning tools.

  • Agreement Controls In the event that any term of any of the Loan Documents other than this Agreement conflicts with any express term of this Agreement, the terms and provisions of this Agreement shall control to the extent of such conflict.

  • TIA Controls If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required to be included in this Indenture by the TIA, the required provision shall control.

  • Internal Controls The Company shall maintain a system of internal accounting controls sufficient to provide reasonable assurances that: (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary in order to permit preparation of financial statements in accordance with GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

  • Books and Records; Internal Accounting Controls The records and documents of the Company and its Subsidiaries accurately reflect in all material respects the information relating to the business of the Company and the Subsidiaries, the location and collection of their assets, and the nature of all transactions giving rise to the obligations or accounts receivable of the Company or any Subsidiary. The Company and each of its Subsidiaries maintain a system of internal accounting controls sufficient, in the judgment of the Company's board of directors, to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management's general or specific authorization and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate actions are taken with respect to any differences.

  • Accounting Controls The Company and its Subsidiaries maintain systems of “internal control over financial reporting” (as defined under Rules 13a-15 and 15d-15 under the Exchange Act Regulations) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their respective principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP, including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company is not aware of any material weaknesses in its internal controls. The Company’s auditors and the Audit Committee of the Board of Directors of the Company have been advised of: (i) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are known to the Company’s management and that have adversely affected or are reasonably likely to adversely affect the Company’ ability to record, process, summarize and report financial information; and (ii) any fraud known to the Company’s management, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls over financial reporting.

  • Plan Document Controls The rights granted under this Agreement are in all respects subject to the provisions set forth in the Plan to the same extent and with the same effect as if set forth fully in this Agreement. If the terms of this Agreement conflict with the terms of the Plan document, the Plan document will control.

  • Export Controls Both Parties will adhere to all applicable laws, regulations and rules relating to the export of technical data and will not export or re-export any technical data, any products received from the other Party or the direct product of such technical data to any proscribed country listed in such applicable laws, regulations and rules unless properly authorized.

  • Performance of Services in Accordance with Regulatory Requirements; Furnishing of Books and Records In performing the services set forth in this Agreement, the Manager: A. shall conform with the 1940 Act and all rules and regulations thereunder, with all other applicable federal, state and foreign laws and regulations, with any applicable procedures adopted by the Trust’s Board of Trustees, and with the provisions of the Trust’s Registration Statement filed on Form N-1A as supplemented or amended from time to time; B. will make available to the Trust, promptly upon request, any of the Fund’s books and records as are maintained under this Agreement, and will furnish to regulatory authorities having the requisite authority any such books and records and any information or reports in connection with the Manager’s services under this Agreement that may be requested in order to ascertain whether the operations of the Trust are being conducted in a manner consistent with applicable laws and regulations.

  • Management and Control Systems Grantee will: 1. maintain an appropriate contract administration system to ensure that all terms, conditions, and specifications are met during the term of the contract through the completion of the closeout procedures. 2. develop, implement, and maintain financial management and control systems that meet or exceed the requirements of Uniform Statewide Accounting System (UGMS). Those requirements and procedures include, at a minimum, the following: i. Financial planning, including the development of budgets that adequately reflect all functions and resources necessary to carry out authorized activities and the adequate determination of costs; ii. Financial management systems that include accurate accounting records that are accessible and identify the source and application of funds provided under each Contract of this Contract, and original source documentation substantiating that costs are specifically and solely allocable to a Contract and its Contract and are traceable from the transaction to the general ledger; iii. Effective internal and budgetary controls; iv. Comparison of actual costs to budget; determination of reasonableness, allowableness, and allocability of costs; v. Timely and appropriate audits and resolution of any findings; vi. Billing and collection policies; and vii. Mechanism capable of billing and making reasonable efforts to collect from clients and third parties.

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