Financial resources necessary definition

Financial resources necessary means that funds are allocated, consistent with the outcome of an evaluative process to ascertain the resources necessary to support effective EMS implementation. The auditor will not verify whether or not allocated funds are deemed sufficient, but will verify that the organization used an evaluative process to determine the resources necessary and then provided a level of financial resources consistent with that evaluation.
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Related to Financial resources necessary

  • Cultural resources means archaeological and historic sites and artifacts, and traditional religious, ceremonial and social uses and activities of affected Indian tribes.

  • Annual Resource means a Generation Capacity Resource, an Annual Energy Efficiency Resource or an Annual Demand Resource.

  • Financial responsibility means the ability to respond in damages for liability thereafter incurred

  • Natural resources means all land, fish, shellfish, wildlife, biota,

  • International Financial Reporting Standards means the International Financial Reporting Standards issued by the International Accounting Standards Committee, and as adopted by the Canadian Institute of Chartered Accountants, as amended from time to time;