SAS 70 Review definition

SAS 70 Review means a review of the Company’s internal controls by an independent auditing firm retained by the Company in order to prepare a Type II SAS 70 Report.
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SAS 70 Review has the meaning set forth in Section 14.9(a).
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Examples of SAS 70 Review in a sentence

  • The Company and Preferred shall review the controls that the SAS 70 Review Firm intends to test and shall notify the Company by July 31, 2007 (and July 31 of each subsequent year during the Term) if they have any suggestions, comments or recommendations as to the controls to be tested.

  • GSA Heartland should develop a Transactions Detail Report, provide it to its customers each month, and subject that report to the scope of the annual SAS 70 Review.

  • In addition, Provider annually shall engage an independent auditor of nationally recognized standing to conduct a Type II SAS 70 Review of Provider’s operating practices and procedures (including the internal control environment of each Provider Service Location), related to Idearc, the members of the Idearc Group and the Services.

  • Prior to initiating any SAS 70 Review, Pxxxx Systems will Notify GPI if the scope of the upcoming review differs, in any material respect, from the scope of the Baseline SAS 70 Review.

  • Idearc and Provider shall share equally in the third-party costs and expenses associated with the Type II SAS 70 Review; provided, however, that Provider’s maximum obligation for such third-party costs shall not exceed $25,000 per calendar year.

  • GPI may request that Pxxxx Systems modify the scope of the SAS 70 Review such that GPI can reasonably rely upon the SAS 70 Review as evidence (assuming a favorable result from such review) that Pxxxx Systems’ internal controls are effective in order that GPI and the GPI Auditors can make their necessary or required attestations, certifications or other statements that GPI’s internal controls over its financial reporting are adequate in accordance with Section 404 of Sarbanes Oxley (“Section 404”).

  • The Lender shall have received (A) the most recent audited Consolidated financial statements, and unaudited Consolidating and Consolidated interim financial statements described in Section 6.05(b), of the Borrower and its Subsidiaries, in form and substance satisfactory to the Lender, and (B) Borrower’s most recent Type II SAS 70 Review (post 6/02-12/02 period, if available).

  • If Pxxxx Systems does not incorporate such modifications in accordance with the previous sentence, or if after GPI receives the SAS 70 Report and determines that an additional audit is necessary for it to meet its control requirements, then Pxxxx Systems, at the request of GPI, will request its external auditor performing the SAS 70 Review to coordinate with GPI and its auditors to perform a supplementary audit to Pxxxx Systems’ SAS 70 Review that includes GPI’s requested modifications.

  • On or before August 1 of each year (or such earlier date that Idearc may reasonably designate upon at least 60 days’ prior written notice), Provider shall provide Idearc with an unqualified opinion of such independent auditor with respect to such Type II SAS 70 Review.

  • For purposes of this Section 14.9(c), “Complement” means that the internal controls of the subcontractors, when taken in combination with the internal controls of Pxxxx Systems represents the entire control environment applicable to the Service Location that is the subject of the SAS 70 Review.

Related to SAS 70 Review

  • Expedited review means an examination, in accordance with

  • Benchmark Review means a review of the Services carried out in accordance with paragraphs 2.1 to 2.3 of Schedule 7 (Value for Money) of this Framework Agreement to determine whether those Services represent Good Value;

  • Periodic Review means a review conducted by Ofwat for the purpose of determining one or more Price Controls in accordance with Part III of Condition B, but so that references in Part IV of Condition B to a Periodic Review shall exclude any review carried out under paragraph 11 of that Condition and shall include the determination by the Competition and Markets Authority of the relevant questions or, as the case may be, the disputed determination referred to it under paragraph 16 of Condition B;

  • Independent review organization means an entity that is accredited to conduct independent external reviews of adverse benefit determinations.

  • Utilization review means the prospective (prior to), concurrent (during) or retrospective (after) review of any service to determine whether such service was properly authorized, constitutes a medically necessary service for purposes of benefit payment, and is a covered healthcare service under this plan. WE, US, and OUR means Blue Cross & Blue Shield of Rhode Island. WE, US, or OUR will have the same meaning whether italicized or not. YOU and YOUR means the subscriber or member enrolled for coverage under this agreement. YOU and YOUR will have the same meaning whether italicized or not.

  • Supervisory Review means ongoing clinical case reviews in accordance with procedures developed by ADMINISTRATOR, to determine the appropriateness of Diagnosis and treatment and to monitor compliance to the minimum ADMINISTRATOR and Medi-Cal charting standards. Supervisory review is conducted by the program/clinic director or designee.

  • independent review committee means the independent review committee of the investment fund established under National Instrument 81-107 Independent Review Committee for Investment Funds;

  • Utilization review plan or "plan" means a written procedure for performing review.

  • Root Cause Analysis Report means a report addressing a problem or non-conformance, in order to get to the ‘root cause’ of the problem, which thereby assists in correcting or eliminating the cause, and prevent the problem from recurring.

  • Appraisal review means the act or process of developing

  • Peer review means evaluation of professional services rendered by a professional practitioner.

  • Records Review means any assessment the Province conducts pursuant to section A.7.4 (Records Review).

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Architectural Review Committee or “ARC” shall mean the architectural review committee established by the Organization to review plans submitted to the Organization for architectural review.

  • Independent testing laboratory means an independent organization, accepted by the Contracting Officer, engaged to perform specific inspections or tests of the work, either at the site or elsewhere, and report the results of these inspections or tests.

  • Utilization review organization means an entity that conducts utilization review, other than a health carrier performing a review for its own health plans.

  • Review means a financial or operational audit, investigation, inspection or other form of review requested or required by the Funder under the terms of the Enabling Legislation or this Agreement, but does not include the annual audit of the HSP’s financial statements;

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Credential analysis means a process or service by which a third party affirms the validity of an identity document described in section 25(6)(c) through a review of public and proprietary data sources conducted remotely.

  • ATTORNEY REVIEW The Purchaser acknowledges that Purchaser has had the opportunity to consult with its legal counsel regarding this Agreement and that accordingly the terms of this Agreement are not to be construed against any party because that party drafted this Agreement or construed in favor of any Party because that Party failed to understand the legal effect of the provisions of this Agreement.

  • Prospective review means utilization review conducted prior to an admission or a course of treatment.

  • Independent Evaluator A person empowered, pursuant to Section 23.5 (Failure to Reach Agreement) and Section 23.10 (Dispute) of this Agreement, to resolve disputes due to failure of the Parties to agree on a Performance Standards Revision Document.

  • Forensic analysis means the practice of gathering, retaining, and analyzing computer-related data for investigative purposes in a manner that maintains the integrity of the data.

  • Evaluator means Advisors Asset Management Inc., and its successors in interest, or any successor evaluator appointed as hereinafter provided."

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.