Audited Value definition

Audited Value means, in respect of some or all of the Entity’s Assets, the value that has been placed on those Assets and in respect of which an unqualified audit opinion has been issued by an Approved Auditor.
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Audited Value has the meaning set forth in Section 1.6.
Sample 1

Examples of Audited Value in a sentence

  • The parties will then compare the Audited Value with the appraised value of the Assets and debts and liabilities in relation to the Assets as at 30 June 2007.

  • If there is any difference between the two, the parties agree to adjust the total consideration payable by reference to the Audited Value.

  • If, having reviewed the financial statements and notes thereto, the Member is not satisfied with the suitability of the Audited Value of any Asset or accrual item for the current purpose, the Member must consider using a different value for that Asset or accrual item, otherwise any report or advice issued by the Member must be appropriately and prominently qualified.

  • Where the Member uses a value for the Net Assets or any individual Asset or accrual item that is Materially different from an Audited Value as at the same date, the Member must give clear reasons for the difference in value, including an explanation of the methodology and any assumptions used by the Member to derive a different value for the Net Assets or individual Asset or accrual item.

  • The Member may rely on an Audited Value of the Net Assets or of any individual Asset or accrual item as at the same date and use that Audited Value for the current purpose.

  • Where an Audited Value is not available as at the same date, the Member must be satisfied that the value placed on the Net Assets or any individual Asset or accrual item is reasonable for the current purpose.

  • Each audit report should contain certain basic information in the form of work papers that flow logically to an appraisal and audit summary work paper (see the discussion Compare Audited Value to Original Assessed Value for further information on this summary).

  • We further understand from the Directors that the Consideration Premium has been fixed at RMB 100 million and will not change regardless of the Audited Value, which is expected to increase as construction proceeds.

  • In the Supplemental Agreement, the parties agreed that instead of the incorporation date of China Power Qinghe Company, the auditors will determine Audited Value on the Completion Date.

  • The value of each asset part of the Initial Portfolio as such value will have been audited by the Fund auditor on or around the Contribution Date is the "Audited Value" of that asset.

Related to Audited Value

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

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

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

  • Audited Financial Statements means the audited consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2017, 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.

  • Current Assessed Value means the assessed value of the District certified by the municipal assessor as of April 1st of each year that the District remains in effect.

  • Adjusted Value as used in subdivision (d) means:

  • Audited Financials has the meaning specified in Section 4.6(a).

  • Unaudited Interim Balance Sheet shall have the meaning specified in Section 4.4(a)(ii) of the Agreement.

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

  • Estimated Value means the value of the Contract estimated under these Contract and Procurement Regulations.

  • Audited Balance Sheet means the audited balance sheet of the company prepared for the purposes of the Companies Acts for a financial year unless an audited consolidated balance sheet dealing with the state of affairs of the company and its subsidiary undertakings required to be dealt with in group accounts has been prepared for those purposes for the same financial year, in which case it means that audited consolidated balance sheet, and in that case all references to reserves shall be deemed to be references to consolidated reserves;

  • Audited Statements means the Consolidated balance sheets of the Borrower as at December 31, 2009, and the related Consolidated statements of income and cash flows of the Borrower for the fiscal year then ended, accompanied by the opinion thereon of the Borrower’s independent public accountants.

  • Estimated Closing Date Balance Sheet shall have the meaning set forth in Section 2.3(a) hereof.

  • Added value means that the Contractor performs subcontract management functions that the Contracting Officer determines are a benefit to the Government (e.g., processing orders of parts or services, maintaining inventory, reducing delivery lead times, managing multiple sources for contract requirements, coordinating deliveries, performing quality assurance functions).

  • Year-End Financial Statements has the meaning specified in Section 4.5.

  • 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.

  • Assessed value means 1 of the following:

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

  • Good Value means that the Benchmarked Rates are within the Upper Quartile;

  • Original Assessed Value means zero dollars ($284,400), the taxable assessed value of the Developer Property as of March 31, 2020 (April 1, 2019), provided, however that in the event that a City revaluation occurs and results in an increase or decrease of any Developer Property that was included as a part of the initial Original Assessed Value as of April 1, 2019, the Original Assessed Value then in effect shall be increased or decreased by a like amount and such adjusted Original Assessed Value shall thereafter (subject to another City revaluation) be the Original Assessed Value for the purposes of this Agreement.

  • Financial Statement Date has the meaning set forth in Section 4.05 hereof.

  • Earnout Amount has the meaning set forth in Section 2.5.1b).

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Annual Statement means that statement required by Iowa Code section 508.11 to be filed annually by the company with the office of the commissioner.

  • Most Recent Financial Statements has the meaning set forth in Section 4(g) below.

  • Unaudited Balance Sheet has the meaning set forth in Section 3.4(a)(ii).