Audit of Financial Statements definition

Audit of Financial Statements means the examination by the Comptroller and any Federal or State auditing authority of the financial statements of the Contractor resulting in the publication of an independent opinion on whether or not those financial statements are relevant, accurate, complete, and fairly presented.
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Examples of Audit of Financial Statements in a sentence

  • Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any.

  • Our responsibilities under those standards are further described in the Auditor’s Responsibilities for Audit of Financial Statements section of our report.

  • The CPA’s examination of management’s assertion under the USAP may consider evidence produced by the internal audit function to the extent permitted by SAS No. 65, The Auditor’s Consideration of the Internal Audit Function in an Audit of Financial Statements (AICPA, Professional Standards, vol.

  • Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards.

  • Consideration of Laws and Regulations in an Audit of Financial Statements.

  • The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.

  • Persons on Sabbatical must return to the West Haven School system for a minimum of one (1) year or return the full amount paid to them by the Board during the Sabbatical period.

  • AS No. 5, An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements ("AS No. 5") and AS No. 13 establish requirements regarding testing and evaluating internal control over financial reporting.

  • The CPA's examination of management's assertion under the USAP may consider evidence produced by the internal audit function to the extent permitted by SAS No. 65, The Auditor's Consideration of the Internal Audit Function in an Audit of Financial Statements (AICPA, Professional Standards, vol.

  • The auditor should refer to AU Section 322, The Auditor’s Consideration of the Internal Audit Function in an Audit of Financial Statements.

Related to Audit of Financial Statements

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

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

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2012, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto.

  • Unaudited Financial Statements has the meaning set forth in Section 3.4(a).

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

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

  • 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.

  • Audited financial statement means a financial statement audited by an outside accounting firm.

  • 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.

  • audited when used in regard to financial statements shall mean an examination of the financial statements by a firm of independent certified public accountants in accordance with generally accepted auditing standards for the purpose of expressing an opinion thereon.

  • Statutory Financial Statements means, with respect to any Party, the annual and quarterly statutory financial statements of such Party filed with the Governmental Body charged with supervision of insurance companies in the jurisdiction of domicile of such Party to the extent such Party is required by Applicable Law to prepare and file such financial statements.

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Financial Statements Date shall have the meaning ascribed to it in Section 3.7.

  • Monthly Financial Statements is defined in Section 6.2(c).

  • Financial Statement has the meaning set forth in Section 4(g) below.

  • Current Financial Statements has the meaning given to such term in Section 5.9.

  • Buyer Financial Statements shall have the meaning set forth in Section 4.6.

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

  • Applicable Financial Statements means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

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

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

  • Company Financial Statements has the meaning set forth in Section 3.6(a).

  • Seller Financial Statements has the meaning set forth in Section 3.5(a).

  • Parent Financial Statements has the meaning set forth in Section 4.6(a).

  • Closing Financial Statements has the meaning set forth in Section 6.22.

  • Target Financial Statements has the meaning set forth in Section 3.4.