Common use of Footnotes Clause in Contracts

Footnotes. In addition, financial statements must meet the following requirements: a. GAAP/IFRS – Financial statements must be prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) or International Financial Reporting Standards (“IFRS”). If financial statements are prepared in accordance with principles other than U.S. GAAP or IFRS, a letter must be provided from a certified public accountant discussing the areas of the financial statements that would be affected by a conversion to U.S. GAAP or IFRS. b. U.S. Dollars – Financial statements must be provided in U.S. dollars. If financial statements are not readily available in U.S. dollars, the Proposer must convert the financial statements, including footnotes, to U.S. dollars and provide a summary of the conversion methods and applicable foreign exchange rates used to do so. c. Audited – Financial statements must be audited by an independent party qualified to render audit opinions (e.g., a certified public accountant). If audited financials are not available for an Equity Member or the Lead Contractor, the QS shall include unaudited financial statements for such Equity Member or Lead Contractor, certified as true, correct and accurate by the chief financial officer (“CFO”) or treasurer of the entity.

Footnotes. In addition, financial statements must meet the following requirements: a. GAAP/IFRS – Financial statements must be prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”) or International Financial Reporting Standards (“IFRS”). If financial statements are prepared in accordance with principles other than U.S. GAAP or IFRS, a letter must be provided from a certified public accountant discussing the areas of the financial statements that would be affected by a conversion to U.S. GAAP or IFRS. b. U.S. Dollars – Financial statements must be provided in U.S. dollars. If financial statements are not readily available in U.S. dollars, the Proposer must convert the financial statements, including footnotes, statements to U.S. dollars and provide a summary of the conversion methods and applicable foreign exchange rates used to do so. c. Audited – Financial statements must be audited by an independent party qualified to render audit opinions (e.g., e.g. a certified public accountant). If audited financials are not available for an Equity Member or the Lead Contractor, the QS shall include unaudited financial statements for such Equity Member or Lead Contractor, certified as true, correct and accurate by the chief financial officer (“CFO”) or treasurer of the entity.