Common use of System of Internal Accounting Controls Clause in Contracts

System of Internal Accounting Controls. The Company and its subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurances that (A) transactions are executed in accordance with management's general or specific authorization, (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain accountability for assets, (C) access to assets is permitted only in accordance with management's general or specific authorization and (D) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 3 contracts

Samples: Annual Report, Purchase Agreement (Idec Pharmaceuticals Corp / De), Purchase Agreement (Allergan Inc)

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System of Internal Accounting Controls. The Company and its subsidiaries maintain maintains a system of internal accounting controls sufficient to provide reasonable assurances that (Ai) transactions are executed in accordance with management's general or specific authorization, (Bii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP generally accepted accounting principles and to maintain accountability for assets, (Ciii) access to assets is permitted only in accordance with management's general or specific authorization and (Div) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Corvas International Inc), Common Stock Purchase Agreement (Corvas International Inc)

System of Internal Accounting Controls. The Company and its -------------------------------------- subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurances that (A) transactions are executed in accordance with management's general or specific authorization, (B) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP generally accepted accounting principles and to maintain accountability for assets, (C) access to assets is permitted only in accordance with management's general or specific authorization and (D) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 1 contract

Samples: Purchase Agreement (Euronet Services Inc)

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System of Internal Accounting Controls. The Company and its subsidiaries Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurances assurance that (Ai) transactions are executed in accordance with management's general or specific authorization, (Bii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP generally accepted accounting principles and to maintain accountability for assetsasset accountability, (Ciii) access to assets is permitted only in accordance with management's general or specific authorization and (Div) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

Appears in 1 contract

Samples: Purchase Agreement (Shurgard Storage Centers Inc)

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