Certified Audit Clause Samples
A Certified Audit clause requires that a party’s financial records or statements be examined and verified by an independent, qualified auditor. In practice, this means that the party must provide access to relevant documents and cooperate with the audit process, ensuring that the financial information presented is accurate and complies with agreed standards. This clause is essential for providing assurance to the other party that financial representations are trustworthy, thereby reducing the risk of misreporting or fraud.
Certified Audit. Draper shall provide for a certified audit of the accounts and records of its operations in performing the Services referenced herein, which audit shall conform to generally accepted auditing standards. Such audit shall be open for inspection by each Party’s representative at all reasonable times.
Certified Audit. Ernst & Young, LLP shall conduct a certified audit of the Company as at August 31, 1997, the results of which shall be satisfactory to Holdings in its sole and absolute discretion.
Certified Audit. 1. Within one hundred and twenty (120) days of the termination date of this AGREEMENT, and within one hundred and twenty (120) days of any June 30 occurring during the TERM of this AGREEMENT, CONTRACTOR will furnish MHD a copy of the audit of CONTRACTOR’s financial records for TERM of this AGREEMENT or CONTRACTOR’s last audited period, whichever is later, as well as a financial statement for that period, prepared by a Certified Public Accountant. The audit report will include a schedule of revenues and costs by program. Extensions of this AGREEMENT will not extend the date by which this material must be submitted. Extensions of time to submit this material will be given where such audit is delayed by COUNTY’s failure to provide necessary information and may be granted in other instances at the sole discretion of COUNTY. CONTRACTOR’s request for such extension must be made, in writing to the MHD Director, at least ten (10) working days prior to the date on which the material is due.
2. If applicable, CONTRACTOR will provide COUNTY with a Single Audit report when required by Federal law. The report will be prepared by a Certified Public Accountant, which is in accordance with applicable provisions of the Federal Single Audit Act of 1984 as amended by the Single Audit Act Amendment of 1996 (Public Law 98-502) by the earlier of thirty (30) days after the receipt of the audit report or nine (9) months after the end of the audit period.
Certified Audit. Within the fifteen (15) day approval period set forth in paragraph 4(b), Purchaser may obtain an audited financial operating statement for the Property for the year ended December 31, 1995 (in a form typically required for SEC filings) certified by KPMG Peat Marwick LLP, Chicago, Illinois provided that the form certification letter to Peat Marwick from Seller shall be substantially in the form attached hereto as Exhibit D. Representations made by Seller to Peat Marwick are made solely for the benefit of Peat Marwick and shall not be deemed to be representations to Purchaser and may not be relied upon by Purchaser. Purchaser shall pay for the cost of said audited financial operating statements regardless of whether the transaction contemplated hereby is completed.
Certified Audit. Upon the termination of this Agreement, the WINDSOR GATE Board, at its expense, may engage the services of a duly licensed Certified Public Accountant to render a certified audit of the financial statement of WINDSOR GATE for commencing at the beginning o the latest fiscal year of WINSDOR GATE or six (6) months from the termination date, whichever period shall be longer.