Common use of Reports to the Fund by Independent Registered Public Accounting Firm Clause in Contracts

Reports to the Fund by Independent Registered Public Accounting Firm. Section 12 of the Contract is hereby deleted in its entirety and replaced with the following: “The Custodian shall provide the Fund, at such times as the Fund may reasonably require, with reports by independent registered public accounting firms on (a) the accounting system, (b) the internal accounting controls, (c) the procedures for safeguarding securities, futures contracts and options on future contracts, including securities deposited and/or maintained in a U.S. or Foreign Securities System, (d) information security procedures, and (e) the Custodian’s operations, relating to the services provided by the Custodian under this Contract. Such reports, shall be of sufficient scope and in sufficient detail, as may reasonably be required by the Fund to provide reasonable assurance that any material inadequacies would be disclosed by such examination, and, if there are no such inadequacies, the reports shall so state. Without limiting the foregoing, upon request from the Fund from time to time (e.g., annually), the Custodian shall cause an independent registered public accounting firm to perform a SAS 70 Type II audit in connection with preparing such report, and the Custodian shall provide to the Fund the report resulting from each such SAS 70 Type II audit.”

Appears in 30 contracts

Samples: Custodian Contract (Morgan Stanley Institutional Fund Inc), Custodian Contract (Morgan Stanley Institutional Fund Trust), Custodian Contract (Morgan Stanley Institutional Fund Trust)

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Reports to the Fund by Independent Registered Public Accounting Firm. Section 12 of the Contract is hereby deleted in its entirety and replaced with the following: “The Custodian shall provide the Fund, at such times as the Fund may reasonably require, with reports by independent registered public accounting firms on (a) the accounting system, (b) the internal accounting controls, (c) the procedures for safeguarding securities, futures contracts and options on future contracts, including securities deposited and/or maintained in a U.S. or Foreign Securities System, (d) information security procedures, and (e) the Custodian’s operations, relating to the services provided by the Custodian under this Contract. Such reports, shall be of sufficient scope and in sufficient detail, as may reasonably be required by the Fund to provide reasonable assurance that any material inadequacies would be disclosed by such examination, and, if there are no such inadequacies, the reports shall so state. Without limiting the foregoing, upon request from the Fund from time to time (e.g., annually), the Custodian shall cause an independent registered public accounting firm to perform a SAS 70 Type II audit in connection with preparing such report, and the Custodian shall provide to the Fund the report resulting from each such SAS 70 Type II audit.” SCHEDULE B STATE STREET GLOBAL CUSTODY NETWORK DEPOSITORIES OPERATING IN NETWORK MARKETS

Appears in 1 contract

Samples: Custodian Contract (Universal Institutional Funds Inc)

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