Financial Reporting Controls definition

Financial Reporting Controls has the meaning given such term in Section 12(f)(v).
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Financial Reporting Controls means internal controls over financial reporting sufficient to provide reasonable assurances in all material respects (i) that transactions are recorded as necessary (a) to permit preparation of financial statements in conformity with GAAP (subject to adjustments consistent with past practice) and (b) to maintain accountability of assets and (ii) that transactions are executed, and access to assets is permitted, in accordance with management’s general or specific authorizations.
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Financial Reporting Controls has the meaning given to such term in Section 18(f)(iv).
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Examples of Financial Reporting Controls in a sentence

  • Your Company has also documented:• A comprehensive Code of Conduct for the Board Members and employees of your Company• An Employee Handbook• Whistle Blower Policy defined to provide channel of communication without fear• Comprehensive frame work for Risk Management, and• CEO/CFO Certification for Financial Reporting Controls to the BoardThe Company has appointed M/s.

  • Organization of the Internal Control SystemFunctions Involved in the System of Internal Control over Financial Reporting Controls within the system of ICOFR are performed by all business and support functions with an involvement in reviewing the reliability of the books and records that underlie the consolidated financial statements.

  • Your Company has also documented:• a comprehensive Code of Conduct for the Board Members and employees of your Company • An Employee Handbook• Whistle Blower Policy defined to provide channel of communication without fear• Comprehensive framework for Risk Management, and• CEO/CFO Certification for Financial Reporting Controls to the BoardThe Company has appointed M/s.

  • Information Technology is separated from information and communication to enable the auditor to obtain a more focused understanding of controls over systems and applications.Entity level controls related to the preparation of reliable and accurate financial statements and regulatory reports are generally termed as Financial Reporting Controls.

  • The Company’s management is responsible for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting included under Disclosure and Financial Reporting Controls in Management's Discussion and Analysis of Financial Condition and Results of Operations dated March 27, 2009.

  • Eight of the 60 randomly selected expenditures for the Federal Transit Cluster program related to utilities, and all lacked evidence of review and approval.· It’s recommended that the Authority implement a formal process requiring utility invoices to be reviewed prior to payment.2020-003 (Financial Reporting Controls over Pension Trust):· Related to our testing of the pension trust, we noted that contributions related to 2020 that were received by the trust in 2021 were not properly accrued.

  • Yazar (2009) also noted Occupational Health and Safety Risk Analysis, Environmental Impact Analysis, Information Security Risk and Vulnerability Analysis, Corporate Risk and Opportunity Management, Project andProcess (FMEA) Risk Analysis, SOA Financial Reporting Controls (risk-based), Internal Control System (risk-based).

  • The areas examined related to Non-Insured Medical Health Benefit – Medical Transportation; Contracting for Services; Capital Contribution Agreements; Payroll Administration and Financial Reporting Controls.

  • Id. Thus, plaintiffs’ redhibition claim concerns damages related to the Budget Bender itself, and plaintiffs’ LPLA claim is for recovery for Gonzalez’s personal property destroyed in the fire.Louisiana Civil Code articles 2520 and 2521 establish that sellers warrant the buyer against redhibitory defects in the product sold and that the product is reasonably fit for its ordinary use.

  • Each of the Premier Parties maintains Financial Reporting Controls.


More Definitions of Financial Reporting Controls

Financial Reporting Controls means internal controls over financial reporting sufficient to provide reasonable assurances in all material respects
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Financial Reporting Controls has the meaning given such term in Section 12(f)(v). Security Agreement
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Related to Financial Reporting Controls

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Internal Controls has the meaning set forth in Section 4.07(d).

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Engineering controls means constructed containment barriers or systems that control one or more of the following: downward migration, infiltration, or seepage of surface runoff or rain; or natural leaching migration of contaminants through the subsurface over time. Examples include caps, engineered bottom barriers, immobilization processes, and vertical barriers.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Interim controls means a set of measures designed to temporarily reduce human exposure or likely exposure to lead-based paint hazards, including specialized cleaning, repairs, maintenance, painting, temporary containment, ongoing monitoring of lead-based paint hazards or potential hazards, and the establishment and operation of management and resident education programs.

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Internal control means a process effected by an entity's governing board, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives in the following categories:

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

  • Rapid(ly) report(ing means within 72 hours of discovery of any cyber incident.

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

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • Institutional Controls or “ICs” shall mean Proprietary Controls and state or local laws, regulations, ordinances, zoning restrictions, or other governmental controls or notices that: (a) limit land, water, or other resource use to minimize the potential for human exposure to Waste Material at or in connection with the Site; (b) limit land, water, or other resource use to implement, ensure non-interference with, or ensure the protectiveness of the RA; and/or (c) provide information intended to modify or guide human behavior at or in connection with the Site.

  • Internal Control Event means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Company’s internal controls over financial reporting, in each case as described in the Securities Laws.

  • Reporting Company means a company that is obligated to file periodic reports under Sections 13 or 15(d) of the Securities Exchange Act.

  • Trade Controls has the meaning specified in Section 4.25(a).

  • Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • Day reporting means a program of enhanced supervision

  • Common Reporting Standard (CRS) means the Standard for Automatic Exchange of Financial Account Information (“AEOFAI”) in Tax Matters and was developed in response to the G20 request and approved by the Organisation for Economic Co-operation and Development (OECD) Council on 15 July 2014, calls on jurisdictions to obtain information from their financial institutions and automatically exchange that information with other jurisdictions on an annual basis. It sets out the financial account information to be exchanged, the financial institutions required to report, the different types of accounts and taxpayers covered, as well as common due diligence procedures to be followed by financial institutions.

  • Accounting Policies means the accounting policies and procedures set out in Part C of Schedule 4 (Accounting Policies);

  • External Auditor as used here shall mean any registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Company. Each such external auditor shall report directly to the Committee. With respect to the external auditor, the Committee shall:

  • Engineering control means the use of substitution, isolation, ventilation, and equipment modification to reduce exposure to SARS-CoV-2 virus and COVID-19 disease related workplace hazards and job tasks.

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Reporting Insider means an insider of a reporting issuer if the insider is