Common use of Company Audit Clause in Contracts

Company Audit. At the request of the City, every three (3) years commencing at the end of the third calendar year of the term of this Franchise, the Company shall conduct an internal audit, in accordance with the Company’s auditing principles and policies that are applicable to electric and gas utilities that are developed in accordance with the Institute of Internal Auditors, to investigate and determine the correctness of the Franchise Fees paid to the City. Such audit shall be limited to the previous three (3) calendar years. Within a reasonable period of time after the audit, the Company shall provide a written report to the city clerk summarizing the testing procedures followed along with any potential findings.

Company Audit. At the request of the City, every three (3) years commencing at the end of the third calendar year of the term Term of this Franchise, the Company shall conduct an internal audit, in accordance with the Company’s auditing principles and policies that are applicable to electric and gas utilities that are developed in accordance with the Institute of Internal Auditors, to investigate and determine the correctness of the Franchise Fees paid to the City. Such audit shall be limited to the previous three (3) calendar years. Within a reasonable period of time after the audit, the The Company shall provide a written report to the city clerk City Clerk summarizing the testing audit procedures followed along with any potential findings.findings.‌‌

Company Audit. At the request of the City, every three (3) years commencing at the end of the third calendar year of the term Term of this Franchise, the Company shall conduct an internal audit, in accordance with the Company’s auditing principles and policies that are applicable to electric and gas utilities that are developed in accordance with the Institute of Internal Auditors, to investigate and determine the correctness of the Franchise Fees paid to the City. Such audit shall be limited to the previous three (3) calendar years. Within a reasonable period of time after the audit, the The Company shall provide a written report to the city clerk City Clerk summarizing the testing audit procedures followed along with any potential findings.

Company Audit. At the request of the CityTown, every three (3) years commencing at the end of the third calendar year of the term Term of this Franchise, the Company shall conduct an internal audit, in accordance with the Company’s auditing principles and policies that are applicable to electric and gas utilities that are developed in accordance with the Institute of Internal Auditors, to investigate and determine the correctness of the Franchise Fees paid to the CityTown. Such audit shall be limited to the previous three (3) calendar years. Within a reasonable period of time after the audit, the The Company shall provide a written report to the city clerk Town Clerk summarizing the testing audit procedures followed along with any potential findings.

Company Audit. At the request of the City, every three (3) years commencing at the end of the third calendar year of the term of this Franchise, the Company shall conduct an internal audit, in accordance with the Company’s auditing principles and policies that are applicable to electric and gas utilities that are developed in accordance with the Institute of Internal Auditors, to investigate and determine the correctness of the Franchise Fees paid to the City. Such audit shall be limited to the previous three (3) calendar years. Within a reasonable period of time after the audit, the The Company shall provide a written report to the city clerk City Clerk summarizing the testing audit procedures followed along with any potential findings.