Project Financial Statements definition

Project Financial Statements means, with respect to the Projects, (i)revenue and expense detail for all Projects prepared on the accrual basis of accounting identified to be audited by PWC for the period ended September 30, 2004, and (ii) revenue and expense detail for all Projects with appropriate accrual basis adjustments as deemed necessary by PWC for the periods ended September 30, 2004. In addition, the Seller is to deliver to the Purchaser the audited statements prepared for each Project for the year ended December 31,2004, once complete.

Project Financial Statements has the meaning set forth in Section 4.7(b).

Project Financial Statements has the meaning set forth in Section 5.15.1.

Examples of Project Financial Statements in a sentence

• A single opinion on the Audited Project Financial Statements in compliance with International Standards on Auditing (ISA) will be required.

• A single opinion on the Audited Project Financial Statements in compliance with International Federation of Accountant (IFAC) will be required.

• Project Financial Statements will be audited in accordance with international audit standards by an independent, experienced, and internationally recognized audit firm acceptable to the World Bank and recruited on a competitive basis based on TORs acceptable to the Bank.

• The Grant Agreement will require the submission of annual Audited Project Financial Statements within six months after year-end.

• A single opinion on the Audited Project Financial Statements in compliance with International Federation of Accountant will be required.

• PROJECT FINANCIAL STATEMENTS:The Project Financial Statements should include-(a) Statement of Sources and Applications of Funds.(b) Reconciliation of Claims to Total Applications of Funds.

• Project Financial Statements A format of such financial statements and relevant schedules showing the consolidation of all the programmes is given at (APPENDIX A - FORMAT of FINANCIAL STATEMENTS) and also on the website of MoHFW at www.nhm.gov.in.

• The Contractor will be directed to meet the contract goal with an eligible DBE firm or demonstrate that it has made a good faith effort to do so.2. If a subcontract has been executed before the firm has been declared ineligible, the Contractor shall continue to count work performed by the firm toward the contract goal.SECTION(e) Determination of Good Faith EffortsAppendix A of 49 CFR Part 26 has been used for guidance in preparing the Department’s procedures to determine the adequacy of good faith efforts.

• Project Financial Statements A format of such financial statements and relevant schedules showing the consolidation of all the programmes is given at (APPENDIX A - FORMAT of FINANCIAL STATEMENTS) and also on the website of MoHFW at www.mohfw.nic.in.

• The Recipient will equally ensure the custody of supporting documents and the preparation of Project Financial Statements (PFS), ready for audit reviews.