Common use of Books and Records; Accounting Controls Clause in Contracts

Books and Records; Accounting Controls. The Partnership maintains a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorization; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles 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.

Appears in 32 contracts

Samples: Underwriting Agreement (Plains All American Pipeline Lp), Underwriting Agreement (Plains All American Pipeline Lp), Underwriting Agreement (Plains All American Pipeline Lp)

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Books and Records; Accounting Controls. The Partnership maintains a system of Entities (i) make and keep accurate books and records and (ii) maintain internal accounting controls sufficient to which provide reasonable assurance that (iA) transactions are executed in accordance with management’s general or specific authorization; , (iiB) transactions are recorded as necessary to permit preparation of the Partnership’s consolidated financial statements in conformity with generally accepted accounting principles and to maintain accountability for the Partnership’s consolidated assets; , (iiiC) access to its assets is permitted only in accordance with management’s general or specific authorization; authorization and (ivD) the recorded reported accountability for its assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differencesintervals.

Appears in 1 contract

Samples: Underwriting Agreement (Atlas Pipeline Partners Lp)

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