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

Books and Records; Internal Controls. It maintains a system of internal controls for financial reporting sufficient to provide reasonable assurance (i) that records are maintained in reasonable detail that accurately and fairly reflect the transactions and dispositions of its assets; (ii) that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that its receipts and expenditures are being made only in accordance with authorizations of its management and directors; and (iii) regarding prevention or timely detection of any unauthorized acquisition, use or disposition of its assets that could have a material effect on its financial statements.

Books and Records; Internal Controls. It maintains The Company and its subsidiaries maintain a system of internal controls for financial reporting sufficient to provide reasonable assurance (i) that records are maintained in reasonable detail that accurately and fairly reflect the transactions and dispositions of its their assets; (ii) that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAPgenerally accepted accounting principles, and that its their receipts and expenditures are being made only in accordance with authorizations of its the Company’s management and directors; and (iii) regarding prevention or timely detection of any unauthorized acquisition, use or disposition of its their assets that could have a material effect on its the Company’s financial statements.