Annual Financial Audit definition

Annual Financial Audit. Means an organization-wide audit as required by Public Law 104-156, The Single Audit Act Amendments of 1996, as implemented through Office of Management and Budget OMB Circular A-133.
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Annual Financial Audit. The Charter School will use the same accounting firm that Ventura County Schools Business Services Authority (VCSBSA) employs. The Charter School Board will annually contract for the services of an independent certified public accountant to perform an annual fiscal audit. The audit shall include, but not be limited to, (1) an audit of the accuracy of the School’s financial statements, (2) an audit of the School’s attendance accounting and revenue claims, practices, and (3) an audit of the school’s internal control practices. The audit shall be completed and its results shall be reviewed and forwarded to the Board and the VCOE by December 15th.
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Annual Financial Audit. The Charter School agrees to at all times use the same accounting firm PVSD employs for the Charter School’s annual financial audit.
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Examples of Annual Financial Audit in a sentence

  • HHSC’s Audit Guidelines, Part 1 Annual Financial Audit, Section III.

  • The Annual Financial Audit Report is a special annual financial report defined in Chapter 10.550 of the rules of the Auditor General.

  • GRANTEES that are required to undergo an Annual Independent Financial Audit by statute, regulation, or organizational policy must submit the Annual Financial Audit of the complete program and/or organization and management letter of the audit findings if requested by the OAG.

  • Following the findings from the Annual Financial Audit, each school shall develop a Corrective Action Plan to identify the processes, procedures, and policies that need to be improved to address the audit finding.

  • Any additional fund balance in excess of the designated appropriation in the Local Current Fund, Local Capital Fund and Local Operations Fund will be appropriated to contingency, once the Annual Financial (Audit) Report has been presented to the Board of Education.

  • YES (If YES, the Offeror MUST attach a copy of their most recent audit report to this Modified Pre-Award Survey) NOTE: Do not submit your Annual Financial Audit.

  • Annual Financial Audit The School will annually obtain a financial audit, from a licensed Certified Public Accountant or Auditor, selected pursuant to section 218.391, Florida Statutes.

  • If the RFP is for auditing services and in accordance with Policy 3100 – Annual Financial Audit, the independent audit firm selected by the School Board shall serve at the discretion of the School Board for five (5) consecutive years; the firm selected shall not succeed itself as the School Board’s independent auditor except for the first selection when the current auditor will be exempted.

  • Corrective action shall be completed no later than six (6) months after the date of the Annual Financial Audit.

  • The Annual Financial Audit must include a list of revenues and expenses by funder.

Related to Annual Financial Audit

  • Annual Financial Statement is defined in Section 10.1(a).

  • Annual Financial Statements has the meaning set forth in Section 3.06.

  • Audit Committee Financial Expert means a person who has the following attributes:

  • Annual Financial Information means annual financial information as such term is used in paragraph (b)(5)(i) of the Rule and specified in Section 3(a) of this Disclosure Agreement.

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Academy Financial Year means the academic year from 1st of September to 31st of August of the following year;

  • Independent Financial Consultant means a financial consultant or firm of such consultants generally recognized to be well qualified in the financial consulting field, appointed and paid by the District, who, or each of whom:

  • Historical Financial Statements means the audited consolidated balance sheets of the Borrower as of December 31, 2006 and December 31, 2005 and the audited consolidated statements of income, stockholders’ equity and cash flows of the Borrower for each of the fiscal years in the three year period ending on December 31, 2006.

  • Initial Financial Statements means, collectively, (a) the audited annual consolidated financial statements of the Borrower dated as of December 31, 2014 and (b) the unaudited quarterly consolidated financial statements of the Borrower dated as of September 30, 2015.

  • Independent Financial Expert means a U.S. investment banking firm of national standing in the United States, (i) which does not, and whose directors, officers and employees or affiliates do not have a direct or indirect material financial interest for its proprietary account in the Company or any of its affiliates and (ii) which, in the judgment of the board of directors of the Company, is otherwise independent with respect to the Company and its affiliates and qualified to perform the task for which it is to be engaged.

  • Corporation’s Auditors means such firm of chartered accountants as the Corporation may have appointed or may from time to time appoint as auditors of the Corporation;

  • old financial year means the financial year of an issuer that immediately precedes a transition year;

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;

  • financial expert means an individual, company or firm who is authorised to give investment advice under the Financial Services and Markets Act 2000;

  • non-audit services means services other than audit services.

  • International Financial Reporting Standards or “IFRS” means the accounting standards issued or endorsed by the International Accounting Standards Board.

  • Original Financial Statements means the audited consolidated financial statements of the Guarantor for the financial year ended 31 December 2014.

  • cost accountant means a cost accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that Act;

  • Company Audited Financial Statements has the meaning set forth in Section 3.11.

  • School fiscal year means a fiscal year that commences July 1 and continues through June 30.

  • Independent Accounting Firm has the meaning set forth in Section 2.05(c).

  • Annual Statement means the annual statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar authority) of its jurisdiction of incorporation, which statement shall be in the form required by such Insurance Subsidiary’s jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner (or such similar authority) to be used for filing annual statutory financial statements and shall contain the type of information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

  • Reporting Accountants means the auditors of National Grid (but not acting in their capacity as auditors) or such other firm of accountants as may be nominated by National Grid and approved in writing by the Trustee for the purpose or, failing which, as may be selected by the Trustee for the purpose; and

  • TO Proposal – Financial means the TO Contractor’s financial response to the CATS II TORFP dateddate of TO Proposal - Financial.