Scope of the Audit definition

Scope of the Audit means all unclaimed property that is required to be reported and remitted to a Signatory State, as defined by the terms of this Agreement, with respect to life insurance policies, Annuity Contracts, and retained asset accounts that were in-force at any time during the period January 1, 1992 through December 31, 2012, regardless of whether they are currently listed as active, and including, but not limited to, policies identified as lapsed, expired, matured, reported and remitted to a Signatory State (escheated), rescinded, or terminated. Notwithstanding any of the foregoing, the Scope of the Audit shall exclude: (1) Proceeds payable under a policy provision or rider covering accidental death; (2) Proceeds due under group life insurance policies or group annuities (including group life insurance and group annuity certificates issued thereunder), mortgage life insurance policies, or credit life insurance policies for which the Company is not, and was not at the time of death, the Record keeper, except for group life insurance, and group annuity, mortgage life insurance, or credit life insurance claims received for which the Company, from information in its administrative systems, or the administrative systems of any third party retained by the Company, and/or the group policy claim form, is able to determine that a benefit is due and is able to determine the benefit amount, but such claims have not been fully paid or escheated; (3) any policy or certificate of life insurance that provides a death benefit under any Federal employee benefit program, including without limitation the Servicemembers Group Life Insurance and Veterans Group Life Insurance Programs, which, through Federal law or regulation, prohibits escheatment; and (4) Proceeds due under variable life insurance policies (including group life insurance certificates issued thereunder) and variable annuity contracts.
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Scope of the Audit means all unclaimed property that is required to be reported and remitted to a Signatory State with respect to life insurance policies, Annuity Contracts, and retained asset accounts that were in-force at any time during the period from January 1, 1992 through December 31, 2010, regardless of whether they are currently listed as active, and including, but not limited to, policies identified as lapsed, expired, matured, remitted, reported and remitted to a Signatory State (escheated), rescinded, or terminated. Notwithstanding any of the foregoing, the Scope of the Audit shall exclude: (1) Proceeds payable under a policy provision or rider covering accidental death; (2) Proceeds due under group life insurance policies (including group life insurance certificates issued thereunder), group Annuity Contracts, mortgage life insurance policies, or credit life insurance policies for which the Company is not the Record keeper, except for group life insurance, mortgage life insurance, or credit life insurance claims received for which the Company, from information in its administrative systems, or the administrative systems of any third party retained by, or acting on behalf of, the Company, and/or the group policy claim form, is able to determine that a benefit is due and is able to determine the benefit amount, but such claims have not been fully paid or escheated; and (3) life insurance policies, certificates and Annuity Contracts (whether individually or group-owned) issued outside the United States.
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Scope of the Audit means all property maintained in, related to, or originating from all brokerage services or customer accounts at the Company, including, but not limited to, employee stock plan accounts, retail brokerage accounts, and retirement accounts, whether denominated individual all-purpose accounts, limited purpose accounts, omnibus accounts, suspense accounts, or other account or fund that was reportable or potentially reportable on or before December 31, 2014. Notwithstanding the foregoing, the Scope of the Audit shall exclude: (i) property whose owners and beneficiaries live in non-Signatory States; (ii) education and health savings-related accounts; (iii) property related to employment-based defined benefit plans; (iv) property the Company previously escheated or which becomes escheatable on or after January 1, 2015; and (v) property the Company previously transferred to a third party via sale, merger, transfer to a non-Company affiliated broker, or other transaction prior to the commencement of the Audit, and in which the Company no longer retains any control.
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Examples of Scope of the Audit in a sentence

  • Scope of the Audit of the Financial StatementsAn audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

  • Introduction – Scope of the Audit The scope of the audit includes only friars and employees reported to have sexually abused or exploited minors or vulnerable adults, as defined in Chapter VII.

  • In June 2007, the Accounting Standards Executive Committee of the AICPA issued Statement of Position 07-1, Clarification of the Scope of the Audit and Accounting Guide Investment Companies and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies (“SOP 07-1”).

  • Scope of the Audit of the Financial Statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

  • Scope of the Audit of the Financial Statements A description of the scope of an audit of financial statements is provided on the APB’s web-site at www.frc.org.uk/apb/scope/ukp.

  • In June 2007, the AICPA issued Statement of Position 07-1, “Clarification of the Scope of the Audit and Accounting Guide: Investment Companies and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies” (“SOP 07-1”).

  • Related SiteThis section applies when an organization has several facilities included in the Scope of the Audit Program or Scope of Certification.For example, a critical supplier may be included in the Scope of the Audit Program although it should not appear in the certificate.Note: if the audited facility makes devices for several manufacturers, this should be clarified in sections this section and/or section 6.3 (in additional notes under “Corporate Information”), as appropriate.

  • The Scope of the Audit Committee includes review of Company’s risk management policies.The Risk Management Committee met twice in a year and the report is placed before the Board of Directors.The Board notes different risk factors involved in the business and analyses the same.

  • The Scope of the Audit Committee includes review of Company’s financial and risk management policies periodically.

  • Purpose and Scope of the Audit The purpose of the audit was to identify the number and amounts of the contracts covering all snow clearing operations that were awarded by the city’s19 boroughs to various private companies and that were in force for the period from 2005 to 2013.


More Definitions of Scope of the Audit

Scope of the Audit means all unclaimed property that is required to be reported and remitted to a Signatory State with respect to life insurance policies and Annuity Contracts that were in-force at any time during the period January 1, 1992 through June 30, 2012, regardless of whether they are currently listed as active, and including, but not limited to, policies identified as lapsed, expired, matured, remitted, reported and remitted to a Signatory State (escheated), rescinded, or terminated. Notwithstanding any of the foregoing, the Scope of the Audit shall exclude: 1) Proceeds payable under a policy provision or rider covering accidental death; and 2) Proceeds due under group life insurance policies (including group life insurance certificates issued thereunder) for which the Company is not the Record keeper, except for group life insurance claims received for which the Company, from information in its administrative systems and/or the group policy claim form, is able to determine that a benefit is due and is able to determine the benefit amount, but such claims have not been fully paid or escheated.
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Related to Scope of the Audit

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Statement of Grievance shall name the grievant(s) involved, the facts giving rise to the grievance, the provision(s) of the Agreement alleged to be violated, and the remedy (specific relief) requested.

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Annual Statement of Compliance As defined in Section 3.13.

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • 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.

  • Energy audit means a systematic procedure with the purpose of obtaining adequate knowledge of the existing energy consumption profile of a building or group of buildings, an industrial or commercial operation or installation or a private or public service, identifying and quantifying cost-effective energy savings opportunities, and reporting the findings;

  • Statement of Compliance means the statement forming part of a Tender indicating the Bidders compliance with the Specification.

  • Participating Certified Nurse-Midwife means a Certified Nurse-Midwife who has a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • Business Plan means the information required to be supplied to the

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • Annual Operating Budget as defined in Section 6.2(c).

  • Accountants’ Report means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.

  • Assessment of Compliance As defined in Section 3.21.

  • Environmental Audit means, with respect to each Property, a Phase One environmental site assessment (the scope and performance of which meets or exceeds the then most current ASTM Standard Practice E1527 for Environmental Site Assessments: Phase One Environmental Site Assessment Process) of such Property.

  • Debilitating medical condition means one or more of the following:

  • Commissioning test means tests applied to a distributed generation facility by the applicant after construction is completed to verify that the facility does not create adverse system impacts and performs to the submitted specifications. At a minimum, the scope of the commissioning tests performed shall include the commissioning test specified in Institute of Electrical and Electronics Engineers, Inc. (IEEE) Standard 1547 Section 5.4 "Commissioning tests".

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • PJM Region Peak Load Forecast means the peak load forecast used by the Office of the Interconnection in determining the PJM Region Reliability Requirement, and shall be determined on both a preliminary and final basis as set forth in Tariff, Attachment DD, section 5.

  • Expedited review means an examination, in accordance with

  • Co-occurring disorder specialist means an individual

  • Annual Operating Plan has the meaning ascribed to it in Section 15.3(b)(i).

  • Sustainability Report the annual non-financial disclosure report prepared in accordance with the Standard for Sustainability Reporting publicly reported by the Borrowers and published on an Internet or intranet website to which each Bank and the Administrative Agent have been granted access free of charge (or at the expense of the Borrowers).