Generally accepted auditing standards means the auditing standards prescribed by the accounting examining board under s. Accy 1.202.
Generally Accepted Accounting Principles or “GAAP” means generally accepted accounting principles in the United States, consistently applied, which are in effect on the date of this Indenture.
Change Control Procedure has the meaning set out at Clause 28.1;
Staff Vetting Procedure means the Authority’s procedures for the vetting of personnel and as advised to the Contractor by the Authority.
Operating Procedures means the standard internal operating procedures and compliance policies established by the Company to implement the Compliance Plan.
Applicable Accounting Principles means, with respect to the Borrower, those accounting principles required by the ICA and prescribed by the SEC for the Borrower and, to the extent not so required or prescribed, GAAP.
Accounting Policies means the accounting policies and procedures set out in Part C of Schedule 4 (Accounting Policies);
Random selection process means a process by which currently income-eligible households are selected for placement in affordable housing units such that no preference is given to one applicant over another except for purposes of matching household income and size with an appropriately priced and sized affordable unit (e.g., by lottery).