TO AUDIT ACCOUNTS Sample Clauses

TO AUDIT ACCOUNTS. 20.1 The Authority shall have the right to appoint an auditor to examine the accounts, books and records of the Operator and to take such other actions as are necessary for the Authority to comply with clause 15 of the Performance Contract. 20.2 The Authority shall pay the costs of any auditor engaged under sub-clause 20.1
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TO AUDIT ACCOUNTS. 4.12.1 The financial statements referred to in clause 4.11.3 shall be audited by 31 October in any year by a duly qualified external auditor who shall be a member of the Institute of Certified Public Accountants of Uganda (ICPAU). The external auditor shall be appointed by the Authority after prior written approval from the Office of the Auditor General (OAG) as provided for in the Local Governments Financial and Accounting Regulations, 2007. 4.12.2 The Auditor‟s report shall state whether the statements are correct and shall set out all matters falling within the normal duties of an auditor which, in his opinion, should be brought to the attention of the Authority or the Minister. The auditor shall review the income and expenditure from the two escrow accounts (Operating and Investment) and compare these against the OPEX / CAPEX given in the approved Business Plans. 4.12.3 The Authority shall pay the costs of any auditor engaged under these clauses. 4.12.4 Nothing in the foregoing sub-clauses shall detract from the Authority‟s responsibility and reporting obligations under the Local Governments Act, Cap. 243 and Local Governments Financial and Accounting Regulations, 2007.
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Related to TO AUDIT ACCOUNTS

  • Audited accounts 33.1.1 The Concessionaire shall maintain books of accounts recording all its receipts (including all Fee and other revenues derived/collected by it from or on account of the Bus Terminal and Commercial Complex and/or its use), income, expenditure, payments (including payments from the Escrow Account), assets and liabilities, in accordance with this Agreement, Good Industry Practice,

  • Joint Accounts If any of your accounts accessed under this Agreement are joint accounts, all joint owners, including any authorized users, shall be bound by this Agreement and, alone and together, shall be responsible for all EFT transactions to or from any share and share draft or loan accounts as provided in this Agreement. Each joint account owner, without the consent of any other account owner, may, and is hereby authorized by every other joint account owner, make any transaction permitted under this Agreement. Each joint account owner is authorized to act for the other account owners, and the Credit Union may accept orders and instructions regarding any EFT transaction on any account from any joint account owner.

  • Checking Accounts A monthly bank reconciliation shall be conducted by Subrecipient. All checks, stubs, etc. shall be pre-numbered and accounted for, including all voided checks. Check stubs, canceled checks, and deposit slips must be readily available for audit purposes.

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