We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Audits and Reporting Clause in Contracts

Audits and Reporting. The Contractor shall deliver to DC Water a report from the Contractor’s independent auditors of examinations in accordance with Service Organization Controls (“SOC”) 1, Type 2 report of a service organization’s controls for all entities providing services under this Agreement, which will include the following general areas of control objectives: security, availability, processing integrity, confidentiality, and privacy of a system; and will include a representative sample of the computer environments used to process applications supporting the Services (collectively “Control Objective Processes”). In addition, the Contractor shall, during the period between issuance of each of its SOC 1 Reports, maintain the internal controls and control environment(s) described in the then, most, current/updated SOC 1 Report. In addition to any other audit rights hereunder, DC Water may audit or examine any the Contractor internal controls related to the Services locations or systems that are unique to DC Water and that are not otherwise the subject of a SOC 1 report.

Appears in 2 contracts

Samples: Goods and Services Contract, Goods and Services Contract

AutoNDA by SimpleDocs

Audits and Reporting. The Contractor shall deliver to DC Water a report from the Contractor’s independent auditors of examinations in accordance with Service Organization Controls (“SOC”) 1, Type 2 report of a service organization’s controls for all entities providing services under this Agreement, which will include the following general areas of control objectives: security, availability, processing integrity, confidentiality, and privacy of a system; and will include a representative sample of the computer environments used to process applications supporting the Services (collectively “Control Objective Processes”). In addition, the Contractor shall, during the period between issuance of each of its SOC 1 Reports, maintain the internal controls and control environment(s) described in the then, -most, -current/updated SOC 1 Report. In addition to any other audit rights hereunder, DC Water may audit or examine any the Contractor internal controls related to the Services locations or systems that are unique to DC Water and that are not otherwise the subject of a SOC 1 report.

Appears in 1 contract

Samples: Goods and Services Contract

AutoNDA by SimpleDocs

Audits and Reporting. The Contractor shall deliver to DC Water a report from the Contractor’s independent auditors of examinations in accordance with Service Organization Controls (“SOC”) 1, Type 2 report of a service organization’s controls for all entities providing services under this Agreement, which will include the following general areas of control objectives: security, availability, processing integrity, confidentiality, and privacy of a system; and will include a representative sample of the computer environments used to process applications supporting the Services (collectively “Control Objective Processes”). In addition, the Contractor shall, during the period between issuance of each of its SOC 1 Reports, maintain the internal controls and control environment(s) described in the then, most, -most- current/updated SOC 1 Report. In addition to any other audit rights hereunder, DC Water may audit or examine any the Contractor internal controls related to the Services locations or systems that are unique to DC Water and that are not otherwise the subject of a SOC 1 report.

Appears in 1 contract

Samples: Goods and Services Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!