Common use of The Audited Accounts Clause in Contracts

The Audited Accounts. 5.1. A true, complete and fair copy of the Audited Accounts is annexed to the Disclosure Letter. 5.2. The Audited Accounts were prepared under the historic cost convention and complied with, and were prepared in accordance with, all applicable accounting requirements, and have been carefully prepared on a basis consistent with generally accepted accounting practices and policies in the United Kingdom.