Financial Statement Review. If, during its fiscal year, the Provider expends less than $300,000 in Federal funds, the Provider must have a financial statement review completed by a licensed CPA conducted in accordance with standards established by the American Institute of Certified Public Accountants.
Financial Statement Review. The Company shall permit the Buyer, at Buyer's expense, to review the Company's and its Subsidiaries' books and records during normal business hours and pursuant to procedures reasonably acceptable to the Parties, for the purpose of permitting Buyer's auditors to confirm their ability to render an opinion with respect to the Company's consolidated financial statements as of and for the periods ending on August 31, 1998, August 31, 1999 and August 31, 2000 and to review the Company's interim financial statements as of and for the period ending February 29, 2000 and February 28, 2001. All information examined and obtained by Buyer's auditors shall be deemed to be "Confidential Information" for purposes of the Confidentiality Agreement. The Company shall provide reasonable assistance, cooperation and access to Company management as reasonably necessary to complete such pre-closing review and such post-closing audit, including but not limited to providing management representation letters and arranging for outside legal representation letters and board of director minute representation letters.
Financial Statement Review. A comprehensive audit package is prepared for semi and annual reports. A member of the management personnel of GFS reviews the financial statements. A committee of management personnel (“the Committee”) reviews semi-annual reports. The Committee consists of senior management of the legal, administration and accounting departments of GFS. After meeting, the Committee reports its findings to the chief executive and financial officers of the Trust. The annual reports are reviewed by an outside auditing firm, which prepares an opinion on the report. ·
Financial Statement Review. If, during its fiscal year, the Subrecipient expends less than $300,000 in Federal funds, the Subrecipient must have a financial statement review completed by a licensed CPA conducted in accordance with standards established by the American Institute of Certified Public Accountants.
Financial Statement Review. If requested to do so by Sovereign, Colonial shall at Sovereign's expense cause KPMG Peat Marwick to perform a review of Colonial's unaudited financial statements as of the end of a calendar quarter designated by Sovereign in accordance with Statement of Auditing Standards No. 36 and to issue their report hereon as soon as practicable thereafter.
Financial Statement Review. As promptly as practicable after the execution of this Agreement, the Sellers will cause the Company's most recent Unaudited Financial Statements to be audited by Xxxxx Xxxxxxxx LLP, the Company's independent accountants, or such other firm of accountants reasonably acceptable to the Purchasers. In connection with such audit, Sellers agree to cause the Company and its Subsidiaries to cooperate with the Company's independent accountants to complete the audit as soon as reasonably practicable and, in any event, no later than sixty (60) days after the date hereof. Upon completion of the audit, Sellers will deliver to Purchasers such financial statements and all the associated work papers, together with an unqualified opinion of such accountants that such financial statements have been prepared in accordance with GAAP and fairly present in all material respects the consolidated financial condition and results of operation of the Company and its consolidated Subsidiaries as of the date thereof and for the period then ended. The Purchasers shall have twenty (20) days after the day of its receipt of the financial statements and other documents referred to above, to review such information. The Sellers agree to cause the Company and its Subsidiaries to give the Purchasers and its Representatives access to all additional information they may reasonably require in connection with such review. On or prior to the expiration of the twenty (20) day period referred to above, the Purchasers shall notify Sellers whether the financial statements and other documentation delivered pursuant to this Section 4.05 show any adverse findings and, if they have, those adverse findings will be set forth in reasonable detail. The determination of the Purchasers as to whether such financial statements and other documents, show any adverse findings shall be made in the Purchaser's sole and absolute discretion subject only to the Purchaser's acting in good faith. If the Purchasers notify Sellers that the financial statements and other documents delivered pursuant to this Section 4.05 do show adverse findings, Purchasers may reduce the Purchase Price to reasonably reflect the adverse findings or terminate this Agreement as provided in Section 12.01(e). If Purchasers fail to notify Sellers within the twenty (20) day period referred to above Purchasers shall be deemed to have waived their right to terminate this Agreement pursuant to Section 12.01(e). If Purchasers reduce the Purchase Price ...
Financial Statement Review. The Manager shall provide the City with a yearly "review" of its financial records and an audit every two years.
