Systems and Controls Clause Samples
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Systems and Controls. The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations; (ii) transactions are recorded as necessary to permit timely preparation of financial statements in conformity in all material respects with generally accepted accounting principles and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management's general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
Systems and Controls. The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations; (ii) transactions are recorded as necessary to permit timely preparation of financial statements in conformity in all material respects with generally accepted accounting principles and to maintain asset accountability; and (iii) access to assets is permitted only in accordance with management's general or specific authorization.
Systems and Controls. 24.1 You must maintain adequate systems and controls to comply with any regulatory requirements or as specified by Us in this Agreement and any supporting documents.
Systems and Controls. In consideration for State having agreed to permit Pass-Through Indemnities in lieu of direct indemnity, Contractor agrees to establish and keep in place systems and controls appropriate to ensure that State funds under this Contract are not knowingly used for the acquisition, operation, or maintenance of Materials or Services in violation of intellectual property laws or a third party’s intellectual property rights.
Systems and Controls. The Manager will at all times provide regular bookkeeping and accounting services necessary for efficient management of the Owner.
Systems and Controls. 9 (b) Officer's Certificates.................................................9 SECTION 2.
Systems and Controls. Is the Company subject to the UK Money Laundering Directive? If yes, please provide details of your procedures for client identification. What arrangements are in place to meet the requirements of The ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇? Please include details of staff training. Do you have a Compliance or Internal Audit function? Do you have a clearly defined risk and compliance policy and procedures that is followed by the workforce? What internal controls are in place to monitor business activities and processes?
Systems and Controls. In consideration for Agency having agreed to permit Pass-Through Indemnities in lieu of direct indemnity, Design Professional agrees to establish and keep in place systems and controls appropriate to ensure that Agency funds under this Contract are not knowingly used for the acquisition, operation, or maintenance of Materials or Services in violation of intellectual property laws or a third party’s intellectual property rights
Systems and Controls. Deficiencies observed during the course of audit were brought to the notice of the Chairman from time to time. Special attention is needed in respect of the following areas of control.
(a) Financial Control
(b) Debts Receivable and Payable
(c) Fixed Assets
(d) Stores Control