External Auditors Sample Clauses

External Auditors. The Recipient shall, no later than three (3) months after the Effective Date, appoint, in accordance with the provisions of Section III of this Schedule, external auditors, with qualifications, experience, and terms of reference satisfactory to the Association, for purposes of the carrying out of the audit referred to in Section II.B.3 of this Schedule.

External Auditors. 8.1 External Auditors shall be designated by the Board of Directors prior to the close of business in each fiscal year, who shall audit and examine the books of accounts of the Company and shall certify to the Board of Directors and Shareholders the annual balance of said books, which shall be prepared at the close of each fiscal year. 8.2 No Director or Officer of the Company, and no firm or corporation of which such Director or Officer is a member, shall be eligible to discharge the duties of the External Auditors. 8.3 The compensation of the External Auditors shall be fixed by the Board of Directors.

External Auditors. The Recipient shall cause the Project Implementing Entity to appoint, no later than three (3) months after the Effective Date, in accordance with the provisions of Section III of this Schedule as applicable, external auditors, with qualifications, experience, and terms of reference satisfactory to the Association, for purposes of the carrying out of the audit referred to in Section II.B.3 of this Schedule.

External Auditors. The Parties hereby agree that, with effect from (and including) the SA2(DA2) Operative Date, clause 6.1 of the Principal Agreement shall be deleted in its entirety and substituted with the following new clause 6.1: 6.1 The Lessor shall, at the cost of the Lessee, appoint the External Auditors to undertake: (i) the auditing and certification of the Completion of the Proposed GFA; and (ii) the auditing and certification of the expenditure by the Lessee towards the Development Investment, such auditing to be conducted upon Completion of the Proposed GFA or ten (10) years and three (3) months from the Effective Date, whichever is earlier.”

External Auditors permit the Lender at any time during the duration of this Agreement, to appoint external auditors after consultation with the Borrower, to undertake comprehensive audits of the Project. The Borrower shall provide access to the auditors to all records, files, minutes of Board Meetings maintained by the Borrower and any other documents necessary for the conduct of the audit provided always that any requests by the auditors for access to all such records, files, minutes of Board Meetings of the Borrower are in relation to and pertaining to the Project only and the reasonable costs of such audits shall be borne by the Borrower provided always that where the Borrower is bound by confidentiality provisions under any agreements, such inspection shall only take place after consent for disclosure has been obtained from the relevant contracting party;

External Auditors. Clause 6.1 of the Principal Agreement shall be deleted in its entirety and substituted with the following new clause 6.1: 6.1 The Lessor shall, at the cost of the Lessee, appoint the External Auditors to undertake: (i) the auditing and certification of the Completion of the Proposed GFA; and (ii) the auditing and certification of the expenditure by the Lessee towards the Development Investment, such auditing to be conducted upon Completion of the Proposed GFA or ten (10) years from the Effective Date, whichever is earlier.”

External Auditors. The Company’s Independent Accountants shall be appointed by the Members. Such Independent Accountants of the Company shall be a nationally recognized certified public accounting firm. The Company’s books and records of account shall be audited at least annually, at the expense of the Company, by the Company’s Independent Accountants, who shall, as a result of their review, render their opinion that the financial statements present fairly, in all material respects, the financial position of the Company in conformity with GAAP.

External Auditors permit the Lender at any time during the duration of this Agreement, to appoint external auditors after consultation with the Borrower, to undertake comprehensive audits of the Project. The Borrower shall provide access to the auditors to all records, files, minutes of Board Meetings maintained by the Borrower and any other documents necessary for the conduct of the audit provided always that any requests by the auditors for access to all such records, files, minutes of Board Meetings of the Borrower are in relation to and pertaining to the Project only and the costs of such audits shall be borne by the Borrower;

External Auditors. The Borrower, through the PIU, will appoint independent auditors acceptable to IFAD, under the terms of reference cleared by IFAD, and in line with the IFAD Guidelines for Project Audits. An audited annual consolidated financial statement for the entire Programme, together with a management letter on audit observations on internal controls, shall be submitted to the Fund within six (6) months of the fiscal year end. Moreover, the Borrower shall ensure that the financial statements of RFF and ▇▇▇▇▇ are audited annually by independent auditors acceptable to IFAD in accordance with International Standards on Auditing (ISA) and that these audits are submitted to IFAD within six months after the end of the Borrower's fiscal year. In this regard, the Borrower shall also ensure the following: a) the independent auditors are required to provide an assurance on the internal control procedures employed by ▇▇▇▇▇, the adequacy of the documentation in support of relevant fund transfers, operation of the investment accounts and whether Programme resources have been used in accordance with the ▇▇▇▇▇ investment guidelines as approved by the Fund and with this Agreement; and b) the independent auditors are required to provide an assurance on the internal control procedures employed by RFF, the adequacy of the documentation in support of relevant fund transfers, operation of the credit and revolving accounts and whether Programme resources have been used in accordance with the RFF investment guidelines as approved by the Fund and with this Agreement.