Common use of Annual Audited Statements Clause in Contracts

Annual Audited Statements. As soon as practicable, and in any event within ninety (90) days after the end of each fiscal year, the consolidated balance sheet and related consolidated statements of income, stockholders' equity and cash flows of the Company and its Subsidiaries as at the end of and for such fiscal year, setting forth in each case in comparative form the corresponding figures of the previous fiscal year, all in reasonable detail, prepared in conformity with generally accepted accounting principles applied on a basis consistent with that of the previous year (except as otherwise stated therein or in the notes thereto) and certified by the chief financial officer of the Company as presenting fairly the financial condition, results of operations and cash flows of the Company and its Subsidiaries as at the end of and for the fiscal year to which such financial statements relate, and accompanied by a report or opinion of independent certified public accountants of recognized national standing selected by the Company stating that such financial statements present fairly the consolidated financial condition, results of operations and cash flows of the Company and its Subsidiaries in accordance with generally accepted accounting principles consistently applied (except for changes with which such accountants concur) and that the examination of such accountants in connection with such financial statements has been made in accordance with generally accepted auditing standards;