Common use of Control Environment Clause in Contracts

Control Environment. The Parties will define the control environment related to the Services. Seller will perform the Services in accordance with Seller’s policies and procedures, except as specifically required otherwise herein or as modified in an SDA. If required by Buyer, the Parties will develop reasonable and mutually agreed upon procedures to test the processes used by Seller to perform the Services by Seller on behalf of Buyer, in order to support Buyer’s audit and Xxxxxxxx-Xxxxx management assertion requirements. These agreed upon procedures shall be performed by Buyer’s third party designated accounting firm, at Buyer’s sole cost and expense, and a report shall be delivered to both Parties on a timeline that is reasonable and acceptable to both Parties.

Appears in 3 contracts

Samples: Transition Services Agreement (Kyndryl Holdings, Inc.), Transition Services Agreement (Kyndryl Holdings, Inc.), Transition Services Agreement (Kyndryl Holdings, LLC)

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