Financial Auditing Sample Clauses

Financial Auditing. The financial records related to the project shall be subject to auditing by an independent auditor to ensure adherence to the financial plan and legal compliance. • Any discrepancies identified during an audit shall be addressed and rectified by the concerned party within 2 business days.
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Financial Auditing. 3.1. Matters relevant to the financial auditor The financial auditor must have regard to the following:
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Financial Auditing. 35.1 The audit of the JV Company shall be conducted by certified public accountants registered in the PRC (the “Company Auditor”) and the auditing reports shall be submitted to the Board and the Management Personnel. The Company Auditor shall be an experienced, internationally reputable, and cost-effective certified public accounting firm capable of delivering auditing and accounting services that will satisfy both PRC domestic and international accounting standards (i.e. one of the “big four” international accounting firms). The cost of engaging the Company Auditor shall be borne by the JV Company. Engagement and dismissal of the Company Auditor of the JV Company shall be resolved by the Board.
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Financial Auditing. At City’s request, annual financial statements shall be reviewed and certified, at Contractor’s expense, by a certified public accountant mutually approved by City and Contractor. The form of the review shall be acceptable to City. Such reviews shall be conducted initially as a limited scope and screen review, which examines the validity of representative sampling of financial data. If significant discrepancies are found in the initial screening review, a more comprehensive audit shall be conducted at contractor’s expense.
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Financial Auditing. At the written request of Novartis, giving a reasonable period of notice (but not less than * prior to the proposed audit date), GenVec shall make available to Novartis and/or its auditors for inspection all documents relating to finances and associated with the invoiced Services for the purpose of ensuring the accuracy of all fees and expenses invoiced to Novartis. Unless there is reasonable cause for an audit, Novartis shall not conduct an audit more frequently than *, no records may be audited more * years following the period to which the records relate. Any audit by Novartis shall be at Novartis’ sole cost and expense, unless as a result of the audit is determined that GenVec overcharged Novartis by more than * of the amount properly determined. Regardless, GenVec shall promptly pay to Novartis, or offset from any amounts owed by Novartis, the amount of any overcharge determined by audit.
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Financial Auditing. Supplier shall permit Company the right to periodically audit Supplier's financial records and documentation (including Supplier's overhead and standard cost systems) giving at least ten (10) business days prior notice to Supplier. Company's timely payment of any outstanding invoice due will not waive Company's right to later dispute any Actual Costs invoiced. (The information below marked by ***** has been omitted by a request for confidential treatment. The omitted portion has been separately filed with the Commission.)
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Financial Auditing 
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Related to Financial Auditing

  • Financial Audit The School shall submit audited financial statements from an independent auditor to the Authorizer no later than November 1 of each year.

  • Financial Audits During the Audit Period, Service Provider shall provide to DIR Auditors access at reasonable hours to Service Provider Personnel and to Contract Records and other pertinent information to conduct financial audits necessary to verify the Charges or validate other Service Provider obligations under this Agreement (but not including Service Provider's internal costs or actual salary amounts of individual Service Provider Personnel unless such costs form the basis of a Pass Through Expense), including the audit work papers of Service Provider's auditor to the extent applicable to the Services and obtainable by Service Provider, all to the extent relevant to the performance of Service Provider's obligations under this Agreement). Such access shall be provided for the purpose of performing audits and inspections to (i) verify the accuracy and completeness of Contract Records, (ii) verify the accuracy and completeness of Charges and any Pass-Through Expenses and Out-of-Pocket Expenses, (iii) examine the financial controls, processes and procedures utilized by Service Provider in connection with the Services, (iv) examine Service Provider's performance of its other financial and accounting obligations to DIR under this Agreement, and (v) enable DIR and DIR Customers to meet applicable legal, regulatory and contractual requirements, in each case to the extent applicable to the Services and/or the Charges for such Services. Service Provider shall (1) provide any assistance reasonably requested by DIR Auditors in conducting any such audit, (2) make requested Service Provider Personnel, records and information available to DIR Auditors, and (3) in all cases, provide such assistance, personnel, records and information in an expeditious manner to facilitate the timely completion of such audit. If any such audit reveals an overcharge by Service Provider, and Service Provider does not successfully dispute the amount questioned by such audit in accordance with Article 19, Service Provider shall promptly pay to DIR the amount of such overcharge, together with interest at the rate specified by the Texas Comptroller of Public Accounts in accordance with Section 2251.025(b), Texas Government Code, from the date of receipt by Service Provider of the overcharged amount until the date of payment to DIR. In addition, if any such audit reveals an overcharge of more than five percent (5%) of the audited Charges in any Charges category, Service Provider shall, upon DIR's request, promptly reimburse DIR for reasonable auditors' fees provided that such reimbursement shall not exceed the amount of the overcharge uncovered during the audit.

  • Auditing Seller shall maintain reasonable records relating to this Master Agreement for a period of two (2) years from the Trade Date.

  • Accounting Unless otherwise specified herein, for the purpose of any definition or calculation, whenever amounts are required to be netted, subtracted or added or any distributions are taken into account such definition or calculation and any related definitions or calculations shall be determined without duplication of such functions.

  • Financial Contractor shall provide all financial information requested on Contractor’s Annual Budget attached hereto and incorporated herein by reference as Appendix E and the Contractor’s Semi-Annual Budget Expenditures Report provided by the Board and attached hereto and incorporated herein by reference as Appendix F.

  • Independent Analysis Each Party hereby confirms that its decision to execute this Agreement has been based upon its independent assessment of documents and information available to it, as it has deemed appropriate.

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