Accounting and Financial Controls Sample Clauses

The Accounting and Financial Controls clause establishes requirements for maintaining accurate and transparent financial records and implementing internal controls within an organization. Typically, this clause mandates that the party must keep detailed books, follow generally accepted accounting principles, and allow for audits or inspections by the other party or designated auditors. Its core function is to ensure financial integrity and accountability, reducing the risk of fraud or mismanagement and providing confidence to stakeholders that financial operations are properly managed.
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Accounting and Financial Controls. Establish such accounting systems and internal controls as may be required by applicable Gaming Laws and render such periodic financial reports and other reports with respect to operations of The Cannery from time to time as may be specifically required hereunder.
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Accounting and Financial Controls. Manager shall establish such accounting systems and internal controls as may be required by applicable Gaming Laws and render such periodic financial reports and other reports with respect to operations of each Casino Operation from time-to-time as may be specifically required hereunder.
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Accounting and Financial Controls. AMHC shall establish and administer all accounting and financial procedures, controls and systems relating to the business or financial affairs of the Company, including, as may be directed by the Company’s Board, any filings in connection with registration of the Company’s securities with the Securities and Exchange Commission or any state regulatory authorities. AMHC shall perform all bookkeeping and accounting functions; establish and maintain all records required by law and by generally accepted accounting principles; prepare and file all tax returns and handle all tax-related matters; prepare, submit to the Company's Board of Directors for approval and implement the annual operating and capital budgets of the Company; and, perform, manage and/or coordinate any audits with respect to the Company. AMHC shall provide interim financial reporting regarding the Company's operations as shall be requested by the Company's Board of Directors from time to time.
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Accounting and Financial Controls. ‌ The Consortium Committee shall cause the Consortium to conduct its activities at all times in accordance with high standards of business ethics. The Secretariat shall maintain the Consortium’s accounts in accordance with generally accepted accounting principles consistently applied and shall: (a) maintain full and accurate books, records, and accounts that shall, in reasonable detail, accurately and fairly reflect the cost sharing accounts of the Consortium Members and all transactions of the Consortium; (b) retain such books, records, and accounts for such period of time as may be required by law and thereafter for such period of time as may be reasonable; (c) permit Consortium Members reasonable access to such books, records, and accounts for the purpose of providing such information therefrom as any such Consortium Member may reasonably request; (d) devise and maintain a system of internal controls sufficient to provide reasonable assurances that transactions of the Consortium are executed in accordance with required authorizations; 1 Added to agreement per 1 December 2008 after approval by Consortium Committee. (e) present regular operating and development plans and budgets to the Consortium Committee for approval; (f) prior to April 1 of each calendar year, provide to the Consortium Committee regular annual audited financial statements by EAA auditors, which financial statements shall include such appropriate financial information reasonably requested by the Consortium Committee; and (g) cause to be prepared all periodic or special reports or other filings required by any relevant authority, which reports and filings shall be approved by the Consortium Committee prior to filing.
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Accounting and Financial Controls. Establish necessary accounting systems and internal controls and operating manuals and procedures as may be required by applicable gaming or other laws and regulations and/or helpful to the operation of the Business and render such periodic financial reports and other reports with respect to operations of the Business from time to time as may be specifically required hereunder; cooperate with and assist Owner’s firm of independent Certified Public Accountants (the “Accountants”) to prepare and file such financial accounting reports as directed by Owner or as may be required by any applicable Gaming Regulators or any other law.
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Accounting and Financial Controls. AMHC shall establish and administer all accounting and financial procedures, controls and systems relating to the business or financial affairs of the Company, including, as may be directed by the Company’s Board, any filings in connection with registration of the Company’s securities with the Securities and Exchange Commission or any state regulatory authorities. AMHC shall perform all bookkeeping and accounting functions; establish and maintain all records required by law and by generally accepted accounting principles; prepare and file all tax returns and handle all tax-related matters; prepare, submit to the Company's Board of Directors for approval and implement the annual operating and capital budgets of the Company; and, perform, manage and/or coordinate any audits with respect to the Company. AMHC shall provide interim financial reporting with a minimum of monthly reporting in Year 1 of this agreement, going to a minimum of not less than quarterly thereafter regarding the Company's operations as shall be requested by the Company's Board of Directors from time to time.
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Related to Accounting and Financial Controls

  • Accounting and Financial Reporting 7.1 The Trustee shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements to Partner Entities made therefrom. 7.2 The Trustee shall furnish to the Donors current financial information relating to receipts, disbursements and fund balance in United States dollars of the Trust Fund with respect to the Contributions via the World Bank’s Trust Funds Donor Center secure website. Within six (6) months after all commitments and liabilities under the Trust Fund have been satisfied and the Trust Fund has been closed, the final financial information relating to receipts, disbursements and fund balance in United States dollars of the Trust Fund with respect to the Contributions will be made available to the Donors via the World Bank’s Trust Funds Donor Center secure website. 7.3 The Trustee shall provide to the Donors, within six (6) months following the end of each Trustee fiscal year, an annual single audit report, comprising: (a) a management assertion together with an attestation from the Trustee’s external auditors concerning the adequacy of internal control over cash-based financial reporting for all cash-based trust funds as a whole; and (b) a combined financial statement for all cash-based trust funds together with the Trustee’s external auditor’s opinion thereon. The cost of the single audit shall be borne by the Trustee. 7.4 If a Donor wishes to request, on an exceptional basis, a financial statement audit by the Trustee’s external auditors of the Trust Fund, the Donor and the Trustee shall first consult as to whether such an external audit is necessary. The Trustee and the Donor shall agree on the appropriate scope and terms of reference of such audit. Following agreement on the scope and terms of reference, the Trustee shall arrange for such external audit. The costs of any such audit, including the internal costs of the Trustee with respect to such audit, shall be paid by the requesting Donor. 7.5 The Trustee shall furnish the Steering Committee and each Donor with: (a) copies of all unaudited or audited financial reports; and (b) any other relevant financial information received from the Partner Entities.

  • Financial Controls At all times, the Charter School shall maintain appropriate governance and managerial procedures and financial controls which procedures and controls shall include, but not be limited to: (1) commonly accepted accounting practices and the capacity to implement them (2) a checking account; (3) adequate payroll procedures; (4) procedures for the creation and review of monthly and quarterly financial reports, which procedures shall specifically identify the individual who will be responsible for preparing such financial reports in the following fiscal year; (5) internal control procedures for cash receipts, cash disbursements and purchases; and (6) maintenance of asset registers and financial procedures for grants in accordance with applicable state and federal law.

  • Accounting and Financial Determinations Unless otherwise specified, all accounting terms used herein shall be interpreted, all accounting determinations and computations hereunder or thereunder (including under Clause 9.4 (Financial Condition)) shall be made, and all financial statements required to be delivered hereunder or thereunder shall be prepared, in accordance with GAAP consistently applied (or, if not consistently applied, accompanied by details of the inconsistencies); provided that if the Borrower elects to apply or is required to apply IFRS accounting principles in lieu of GAAP, upon any such election and notice to the Facility Agent, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided in this Agreement); provided further that if, as a result of (a) any change in GAAP or IFRS or in the interpretation thereof or (b) the application by the Borrower of IFRS in lieu of GAAP, in each case, after the date of any financial statements referred to in Clause 8.1 (Financial Information, Reports, Notices, etc.), there is a change in the manner of determining any of the items referred to herein or thereunder that are to be determined by reference to GAAP, and the effect of such change would (in the reasonable opinion of the Borrower or the Facility Agent) be such as to affect the basis or efficacy of the financial covenants contained in Clause 9.4 (Financial Condition) in ascertaining the consolidated financial condition of the Borrower and its Subsidiaries and the Borrower notifies the Facility Agent that the Borrower requests an amendment to any provision hereof to eliminate such change occurring after the date hereof in GAAP or the application thereof on the operation of such provision (or if the Facility Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), then such item shall for the purposes of Clause 9.4 (Financial Condition) continue to be determined in accordance with GAAP relating thereto as if GAAP were applied immediately prior to such change in GAAP or in the interpretation thereof until such notice shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding the foregoing, all obligations of any person that are or would be characterized as operating lease obligations in accordance with GAAP on the B34 Facility Amendment Date (whether or not such operating lease obligations were in effect on such date) shall continue to be accounted for as operating lease obligations for the purposes of this Agreement regardless of any change in GAAP following the B34 Facility Amendment Date that would otherwise require such obligations to be recharacterized (on a prospective or retroactive basis or otherwise) as capital leases.

  • Accounting and Fiscal Year Subject to Code Section 448, the books of the Partnership shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the General Partner. The fiscal year of the Partnership shall end on December 31 of each year, or on such other date permitted under the Code as the General Partner shall determine.

  • Accounting Controls The Company and its Subsidiaries maintain systems of “internal control over financial reporting” (as defined under Rules 13a-15 and 15d-15 under the Exchange Act Regulations) that comply with the requirements of the Exchange Act and have been designed by, or under the supervision of, their respective principal executive and principal financial officers, or persons performing similar functions, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP, including, but not limited to, internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability; (iii) access to assets is permitted only in accordance with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company is not aware of any material weaknesses in its internal controls. The Company’s auditors and the Audit Committee of the Board of Directors of the Company have been advised of: (i) all significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are known to the Company’s management and that have adversely affected or are reasonably likely to adversely affect the Company’ ability to record, process, summarize and report financial information; and (ii) any fraud known to the Company’s management, whether or not material, that involves management or other employees who have a significant role in the Company’s internal controls over financial reporting.