Management Audits Sample Clauses
A Management Audits clause grants one party the right to review and evaluate the management practices, procedures, and records of the other party, typically to ensure compliance with contractual obligations or industry standards. In practice, this may involve scheduled or unscheduled inspections, access to relevant documents, and interviews with key personnel to assess operational effectiveness and adherence to agreed-upon processes. The core function of this clause is to provide oversight and transparency, helping to identify potential issues early and ensure that management practices align with the expectations set forth in the agreement.
Management Audits. The BETA Council shall arrange for periodic audits of each Group Self- Insurance Program by a qualified consultant. Such audit(s) may consider one or more of the following areas: underwriting, claims and/or investment management, administrative procedures and practices, claims reserving and such other activities as may be determined by the BETA Council. The BETA Council is also empowered to retain an independent actuary in connection with such audits.
Management Audits. Each Participant shall have the right to conduct management audits, at its own cost, of the performance of the Participants’ Agent and the Operating Agent either by such Participant’s own officers and employees or by its duly authorized agents or representatives, including without limitation any auditor utilized by such Participant, or any nationally recognized accounting firm designated by such Participant or by the Administrator of the Rural Utilities Service. The Participants’ Agent and the Operating Agent shall cooperate with such Participant in the conduct of such audits and, subject to the applicable regulations of the NRC and the requirements of vendors, give such Participant’s representatives reasonable access to all contracts, records, and other documents relating to Each Plant. Following any such management audit, the Participants’ Agent and the Operating Agent shall respond to the findings of such audit if requested to do so by such Participant. Management audits by individual Participants shall be coordinated and scheduled through the Participants’ Agent so as to minimize the number of audits required.
Management Audits. DOT&PF will conduct periodic management and operation audits of the Airport System and the IARF. DOT&PF will use its best efforts to implement the reasonable recommendations of the audits.
Management Audits