Common use of Operations Security Clause in Contracts

Operations Security. The Service Provider shall cause an SSAE 16 SOC 2 Type 2 audit report to be conducted annually. The audit results and the Service Provider’s plan for addressing or resolution of the audit results shall be shared with the Customer within sixty (60) days of the Service Provider 's receipt of the audit results. Further, on an annual basis, within 90 days of the end of the Service Provider’s fiscal year, the Service Provider shall transmit its annual audited financial statements to the State.