Independent Auditor Remuneration Sample Clauses

Independent Auditor Remuneration. 6.5.1 The Concessionaire shall (in consultation with the GoS) be solely responsible for the payment of the fees and expenses payable to the Independent Auditor pursuant to the Independent Auditor Contract (the Independent Auditor Payments), notwithstanding that the Independent Auditor shall be appointed by and shall fulfill its obligations in accordance with the terms of the Independent Auditor Contract. The Independent Auditor Payments shall be made by the Concessionaire in the Independent Parties Payment Escrow Account.
Sample 1
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Independent Auditor Remuneration. 17.11.1 Subject to funding in accordance with clause 17.11.2, the Company (and, until the Commencement Date, the Sponsors) shall be solely responsible for the payment of fees and expenses due to the Independent Auditor under the Independent Auditor Contract (the “Independent Auditor Payments”). In the event the Independent Auditor terminates the Independent Auditor Contract due to the Independent Auditor Payments not being paid, the GoS (without prejudice to its rights under clause 21) shall be entitled to appoint a third party to carry out the functions of the Independent Auditor (the “GoS Appointed IA”) and all fees and expenses relating to the same shall be payable on demand of the GoS by the Sponsors or the Company (as the case maybe). The GoS shall be entitled to encash the Performance Securities (to the extent demanded) or deduct such amounts from payments due by the GoS to the Company, in case the Sponsors or the Company fail to provide the necessary funds demanded by GoS to pay the GoS Appointed IA. Where a GoS Appointed IA is appointed by the GoS, all references to Independent Auditor herein shall be considered as a reference to the GoS Appointed IA.
Sample 1
Independent Auditor Remuneration. 6.5.1 The Concessionaire shall (in consultation with the Authority) be solely responsible for the payment of the fees and expenses payable to the Independent Auditor pursuant to the Independent Auditor Contract (the Independent Auditor Payments), notwithstanding that the Independent Auditor shall be appointed by and shall fulfill its obligations in accordance with the terms of the Independent Auditor Contract.
Sample 1
Independent Auditor Remuneration. 6.5.1 The Concessionaire shall be solely responsible for the payment of the fees and expenses payable to the Independent Auditor pursuant to the Independent Auditor Contract (the “Independent Auditor Payments”), notwithstanding that the Independent Auditor shall be appointed by and shall fulfil its obligations in accordance with the terms of the Independent Auditor Contract provided however, any works or services to be performed at the request of the GoS by the Independent Auditor beyond its scope of work set out in the Independent Auditor Contract shall be on account of the GoS and the same shall not form part of the Independent Auditor Payments (unless otherwise mutually agreed between the Parties).
Sample 1

Related to Independent Auditor Remuneration

  • Independent Audit The Grantee shall submit, in a format specified by the department, the independent financial compliance audit prepared by an independent Certified Public Accountant for the previous fiscal year. The audit shall follow the General Grant Requirements of Sections VIII (F) and (G) and be submitted no later than March 1 of the current fiscal year.

  • Independent Audits The Department staff shall review annual independent audits for adherence to generally accepted auditing principles and to the Department’s audit instructions. Incomplete or incorrect audits may be returned to the Grantee for correction.

  • Annual Audit If Subrecipient expends Federal funds in a fiscal year which equal or exceed $750,000 (seven hundred fifty thousand dollars) as specified in OMB Circular A-133-Revised, 2 CFR Part 200.500- Subpart F-Audit Requirements Subrecipient shall cause an audit to be prepared by a Certified Public Accountant (CPA) who is a member in good standing with the American Institute of Certified Public Accountants (AICPA) of the California Society of CPA’s. The audit must be performed annually in accordance with Generally Accepted Auditing Standards (GAAS) authorized by the AICPA and Federal laws and regulations governing the programs in which it participates. Furthermore, County retains the authority to require Subrecipient to submit similarly prepared audit at Subrecipient’s expense even in instances when Subrecipient’s expenditure is less than $750,000. Subrecipient will be required to identify corrective action taken in response to any findings identified by CPA related to their funded activity or program. Subrecipient will ensure an annual financial audit is performed in compliance with the Federal Single Audit Act and will submit two (2) copies of such audit report, including a copy of the management letter, to County within six (6) months of the end of each Contract year in which Subrecipient has received federal funding (i.e., July 1 – June 30). Failure to meet this requirement may result in County denying reimbursement of funds to Subrecipient, as well as future funding qualification. Subrecipients, which are exempt from statutory audit requirements, shall maintain records, which are available for review by County or Federal officials. Subrecipient acknowledges that any and all “Financial Statements” submitted to County pursuant to this County become Public Records and are subject to public inspection pursuant to Sec. 6250 et seq. of the California Government.

  • Independent Accountants The accountants who certified the financial statements and supporting schedules included in the Registration Statement are independent public accountants as required by the 1933 Act and the 1933 Act Regulations.

  • Independent Engineer Contractor shall cooperate with Independent Engineer in the conduct of his or her duties in relation to the Project and the Work, including the duties listed in Attachment CC. No review, approval or disapproval by Independent Engineer shall serve to reduce or limit the liability of Contractor to Owner under this Agreement.

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