Common use of Financial Statements and Audits Clause in Contracts

Financial Statements and Audits. MidSouth shall ------------------------------- prepare annual financial statements for the operations of the Practice and, in its sole discretion, may cause the financial statements to be audited by a certified public accountant selected by MidSouth. The Practice shall cooperate fully in such audit. The cost of such audit shall be a Practice Expense. If MidSouth elects to have the financial statements audited by a certified public accountant with a big six accounting firm, the resulting audited financial statements shall be binding on the Practice and MidSouth. If MidSouth elects not to have the Practice's financial statements audited by a big six accounting firm, the Practice shall have the option to obtain such an audit, by a certified public accountant with a mutually acceptable big six accounting firm. MidSouth shall fully cooperate in such audit. The cost of such audit shall be a Practice Expense. In such event, MidSouth and the Practice shall be bound by the resulting audited financial statements. All parties shall be entitled to copies of any information provided to or by the auditors by or to any party. Additionally, MidSouth shall prepare monthly unaudited financial statements containing a balance sheet and statements of income from the Practice operations, which shall be delivered to the Practice within thirty (30) business days after the close of each calender month.

Financial Statements and Audits. MidSouth shall ------------------------------- prepare annual -------------------------------- financial statements for the operations of the Practice and, in its sole discretion, may cause the financial statements to be audited by a certified public accountant selected by MidSouth. The Practice shall cooperate fully in such audit. The cost of such audit shall be a Practice Expense. If MidSouth elects to have the financial statements audited by a certified public accountant with a big six accounting firm, the resulting audited financial statements shall be binding on the Practice and MidSouth. If MidSouth elects not to have the Practice's financial statements audited by a big six accounting firm, the Practice shall have the option to obtain such an audit, by a certified public accountant with a mutually acceptable big six accounting firm. MidSouth shall fully cooperate in such audit. The cost of such audit shall be a Practice Expense. In such event, MidSouth and the Practice shall be bound by the resulting audited financial statements. All parties shall be entitled to copies of any information provided to or by the auditors by or to any party. Additionally, MidSouth shall prepare monthly unaudited financial statements containing a balance sheet and statements of income from the Practice operations, which shall be delivered to the Practice within thirty (30) business days after the close of each calender calendar month.

Financial Statements and Audits. MidSouth shall prepare ------------------------------- prepare annual financial statements for the operations of the Practice and, in its sole discretion, may cause the financial statements to be audited by a certified public accountant selected by MidSouth. The Practice shall cooperate fully in such audit. The cost of such audit shall be a Practice Expense. If MidSouth elects to have the financial statements audited by a certified public accountant with a big six accounting firm, the resulting audited financial statements shall be binding on the Practice and MidSouth. If MidSouth elects not to have the Practice's financial statements audited by a big six accounting firm, the Practice shall have the option to obtain such an audit, by a certified public accountant with a mutually acceptable big six accounting firm. MidSouth shall fully cooperate in such audit. The cost of such audit shall be a Practice Expense. In such event, MidSouth and the Practice shall be bound by the resulting audited financial statements. All parties shall be entitled to copies of any information provided to or by the auditors by or to any party. Additionally, MidSouth shall prepare monthly unaudited financial statements containing a balance sheet and statements of income from the Practice operations, which shall be delivered to the Practice within thirty (30) business days after the close of each calender month.

Financial Statements and Audits. MidSouth shall ------------------------------- prepare annual ------------------------------- financial statements for the operations of the Practice and, in its sole discretion, may cause the financial statements to be audited by a certified public accountant selected by MidSouth. The Practice shall cooperate fully in such audit. The cost of such audit shall be a Practice Expense. If MidSouth elects to have the financial statements audited by a certified public accountant with a big six accounting firm, the resulting audited financial statements shall be binding on the Practice and MidSouth. If MidSouth elects not to have the Practice's financial statements audited by a big six accounting firm, the Practice shall have the option to obtain such an audit, by a certified public accountant with a mutually acceptable big six accounting firm. MidSouth shall fully cooperate in such audit. The cost of such audit shall be a Practice Expense. In such event, MidSouth and the Practice shall be bound by the resulting audited financial statements. All parties shall be entitled to copies of any information provided to or by the auditors by or to any party. Additionally, MidSouth shall prepare monthly unaudited financial statements containing a balance sheet and statements of income from the Practice operations, which shall be delivered to the Practice within thirty (30) business days after the close of each calender calendar month.