Auditing Standards Clause Samples
The Auditing Standards clause establishes the specific professional standards and guidelines that must be followed when conducting audits under the agreement. Typically, this clause requires auditors to adhere to recognized frameworks such as Generally Accepted Auditing Standards (GAAS) or International Standards on Auditing (ISA), ensuring that audit procedures, reporting, and documentation meet industry norms. By mandating compliance with established auditing standards, the clause ensures the reliability, consistency, and credibility of audit results, thereby reducing the risk of disputes over audit quality or methodology.
Auditing Standards. It must comply with the “Audit Requirements” of 2 C.F.R. part 200, subpart F, and conform to U.S. Government Accountability Office (U.S. GAO) “Government Auditing Standards” in the conduct of audits of its Award, the accompanying Underlying Agreement, and any Amendments thereto.
Auditing Standards. It is agreed that examinations of the Records will be conducted in accordance with generally accepted auditing standards applicable in the circumstances and that, as such, said examinations do not require a detailed audit of all transactions. Testing and sampling methods may be used in verifying reports submitted by Concessionaire and deficiencies ascertained by applying percentages of error obtained from such testing and sampling to the entire period of reporting under examination will be binding upon Concessionaire.
Auditing Standards. The appointed City Auditor must be a Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) in good standing and must maintain such certification at all time during the term of the Agreement. All staff members of CONSULTANT assigned to internal auditor services under this Agreement must be able to conduct or assist in conducting internal audits in accordance with Government Accounting Standards, as established by the Comptroller General of the United States, Governmental Accountability Office. Proposers must maintain independent contractor status at all times during the Agreement term.
Auditing Standards. The audits performed pursuant to the Scope of Services shall be performed using the most current version of each of the following:
i. Generally accepted auditing standards as set forth by the American Institute of Certified Public Accounts.
ii. The standards applicable to financial audits contained in the Government Auditing Standards issued by the Comptroller General of the United States.
iii. The provisions of the U. S. Office of Management and Budget (OMB) “Super Circular” or 2 Code of Federal Regulations (CFR) 200 and any applicable updates as adopted.
Auditing Standards. Emory represents and warrants that the data center wherein the Contributed Data is received and housed has undergone, and will yearly undergo during the term of this Agreement, an (i) SSAE-16 Type 2 audit demonstrating the accuracy of the controls and the implementation and effectiveness of the controls over the preceding twelve
Auditing Standards. The Grantee acknowledges that this Agreement involves the use of federal funds and as such is subject to audit by the agency of the United States government granting funds to the Grantor for purposes of performing the Project. As directed by the Grantor, the Project will be subject to fiscal and compliance audits in accordance with Generally Accepted Auditing Standards as promulgated by OMB Circulars A-110, A-128, or A-133 (whichever applicable), United States Ge▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇e Guidelines for Financial and
Auditing Standards. To meet the requirements of this request for proposals, the audits shall be performed in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; the provisions of the Single Audit Act; the audit requirements of Title 2. U.S. Code of Federal Regulations part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance); and the provisions of U.S. Office of Management and Budget (OMB), Audits of State and Local Governments and Non-Profit Organizations. Any revisions to these standards must be followed by the auditor.
Auditing Standards. It will conform to U.S. Government Accountability Office (U.S. GAO) “Government Auditing Standards” in conducting audits.
Auditing Standards