Common use of Financial Management; Financial Reports; Audits Clause in Contracts

Financial Management; Financial Reports; Audits. 1. The Recipient shall maintain a financial management system, including records and accounts, adequate to reflect the transactions related to its Respective Parts of the Project, in accordance with the applicable policies, procedures, and guidance provided in the Financial Regulations. In accordance with Article 10 of FMFA, Recipient shall notify Association of any changes to these Financial Regulations, that occur after the signing of this agreement within 30 days of their effective date, and shall make them available via Recipient’s external website.

Financial Management; Financial Reports; Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system, including records and accounts, adequate to reflect the transactions related to its Respective Parts of the Project, in accordance with the applicable policies, proceduresprocedure, and guidance provided in the Financial RegulationsRegulations and Rules. In accordance with Article 10 of FMFA, the Recipient shall notify the Association of any changes to these Financial Regulations, Regulations and Rules that occur after the signing of this agreement Agreement within 30 thirty (30) days of their effective date, date and shall make them available via the Recipient’s external website.

Financial Management; Financial Reports; Audits. 1. The Recipient shall maintain a financial management system, including records and accounts, adequate to reflect the transactions related to its Respective Parts of the Project, in accordance with the applicable policies, procedures, and guidance provided in the Financial Regulations. In accordance with Article 10 of FMFA, Recipient shall notify Association of any changes to these Financial Regulations, that occur after the signing of this agreement within 30 thirty (30) days of their effective date, and shall make them available via the Recipient’s external website.

Financial Management; Financial Reports; Audits. 1. The Recipient shall maintain or cause to be maintained a financial management system, including records and accounts, adequate to reflect the transactions related to its Respective Parts of the Project, in accordance with the applicable policies, procedures, and guidance provided in the Financial RegulationsRegulations and Rules. In accordance with Article 10 of the FMFA, the Recipient shall notify Association the Bank of any changes to these Financial Regulations, Regulations and Rules that occur after the signing of this agreement Agreement within 30 thirty (30) days of their effective date, date and shall make them available via on the Recipient’s external website.