Field Audit means a formal official verification and methodical examination and review, including the final written report of the examination of original books of accounts and resident assessment data and its supporting documentation by auditors.
Field Audit means a formal official verification and methodical examination and review, including the final written report of the examination of original books of accounts by auditors.
Field Audit means a field examination conducted by a Field Auditor of the Borrower’s and the Guarantors’ accounts receivable and books and records related thereto, and the results of such field examination shall be reasonably satisfactory to the Administrative Agent in all respects.
Examples of Field Audit in a sentence
The Borrower is responsible for the cost of no more than one Field Audit per Fiscal Year (except all Field Audits conducted during the existence of an Event of Default or Default shall be paid by the Borrower).
More Definitions of Field Audit
Field Audit means an audit, verification and inspection of the books and records, accounts receivable and inventory of the Borrower and its Subsidiaries, conducted by the Administrative Agent or any other Person selected by the Administrative Agent.
Field Audit means an on-site analysis of cost report data submitted by a provider. This constitutes an in-depth review of the providers’ financial and statistical records to verify data submitted on the cost report is accurate, complete, allowable and reasonable.
Field Audit means a review and application of these regulations to a provider submitted cost report including accompanying notes and supplemental information within the scope as defined by the office.
Field Audit means a limited scope field audit of the accounting records of the Borrowers to be performed by the Collateral Agent in accordance with the parameters outlined in Exhibit C and Section 8.01(b)(4) of this Agreement.
Field Audit. A comprehensive in-person assessment of health and safety documentation, behaviors, and practices at a defined location to evaluate Supplier conformance with relevant regulatory or industry best practices
Field Audit shall have the meaning assigned thereto in Section 5.1 (11) hereof.
Field Audit means audits, verifications and inspections of (a) the Collateral, (b) the accounting and financial processes and procedures of the Companies and the other Loan Parties pertaining to the Collateral, and (c) the books, records and documents of the Companies and the other Loan Parties pertaining to the Collateral, in each case conducted by a Person (who may be an employee of Agent or any Lender or who may be an independent third party) satisfactory to Agent.