Independent Audit or Audit Based Attestation Clause Samples

The 'Independent Audit or Audit Based Attestation' clause establishes the requirement for an impartial third party to review and verify certain records, processes, or controls of a party, typically to ensure compliance with contractual, regulatory, or industry standards. In practice, this may involve annual financial audits, security assessments, or certifications such as SOC 2, conducted by qualified external auditors. The core function of this clause is to provide objective assurance to stakeholders that the relevant obligations are being met, thereby increasing transparency and trust while mitigating the risk of misrepresentation or non-compliance.
Independent Audit or Audit Based Attestation. UBCM will provide an independent audit opinion, or an attestation based on an independent audit and signed by a senior official designated in writing by UBCM, as to: a) the accuracy of the information submitted in the Financial Report Table; and b) that CCBF funding and Unspent Funds, and any interest earned thereon, were expended for the purposes intended.
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Independent Audit or Audit Based Attestation. AMO and Toronto will each provide an independent audit opinion, or an attestation based on an independent audit and signed by a senior official designated in writing by, AMO and Toronto, as to: a) the accuracy of the information submitted in the Financial Report Table; and b) that CCBF funding and Unspent Funds, and any interest earned thereon, were expended for the purposes intended.
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Independent Audit or Audit Based Attestation. Ontario will provide an independent audit opinion, or an attestation based on an independent audit and signed by a senior official designated in writing by Ontario, as to: a) the accuracy of the information submitted in the Financial Report Table; and b) that CCBF funding and Unspent Funds, and any interest earned thereon, were expended for the purposes intended.
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Independent Audit or Audit Based Attestation. Nova Scotia will provide an independent audit opinion, or an attestation based on an independent audit and signed by a senior official designated in writing by Nova Scotia, as to: a) the accuracy of the information submitted in the Financial Report Table; and b) that CCBF funding and Unspent Funds, and any interest earned thereon, were expended for the purposes intended.
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Related to Independent Audit or Audit Based Attestation

  • Independent Audit The Grantee shall submit, in a format specified by the department, the independent financial compliance audit prepared by an independent Certified Public Accountant for the previous fiscal year. The audit shall follow the General Grant Requirements of Sections VIII (F) and (G) and be submitted no later than March 1 of the current fiscal year.

  • Independent Auditor If: (a) the Provider is the Distributor and, acting reasonably, gives notice that the Records contain information about other industry participants that cannot reasonably be severed from the information relating to the Trader or that the information is commercially sensitive; or (b) the provider is the Trader and, acting reasonably, gives notice that the Records contain information about other industry participants that cannot reasonably be severed from information relating to the Distributor or that the information is commercially sensitive, then the Distributor or the Trader, as appropriate, will permit an independent auditor (the “Auditor”) appointed by the other party to review the Records and the other party will not itself directly review any of the Records. The Distributor or the Trader, as appropriate, will not unreasonably object to the Auditor appointed by the other party. In the event that the Distributor or the Trader, as appropriate, reasonably objects to the identity of the Auditor, the parties will request the President of the New Zealand Law Society (or a nominee) to appoint a person to act as the Auditor. The party that is permitted by this clause 31.5 to appoint an Auditor will pay the Auditor’s costs, unless the Auditor discovers a material inaccuracy in the Records in which case the other party will pay the Auditor’s costs. The terms of appointment of the Auditor will require the Auditor to keep the Records confidential.

  • Independent Auditors The Company shall, until at least the Termination Date, maintain as its independent auditors an accounting firm authorized to practice before the SEC.

  • Independent Accountant ▇▇▇▇▇▇▇▇ LLP (the “Accountant”), which has expressed its opinions with respect to the audited financial statements (which term as used in this Agreement includes the related notes thereto) of the Company filed with the Commission as a part of the Registration Statement and included in the Disclosure Package and the Prospectus, is an independent registered public accounting firm as required by the Securities Act and the Exchange Act.

  • Annual Independent Accountants’ Report The Servicer shall cause a firm of nationally recognized independent certified public accountants (the "Independent Accountants"), who may also render other services to the Servicer or to the Seller, to deliver to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer, the Insurer and each Rating Agency, on or before October 31 (or 120 days after the end of the Servicer's fiscal year, if other than June 30) of each year, beginning on October 31, 1999, with respect to the twelve months ended the immediately preceding June 30 (or other applicable date) (or such other period as shall have elapsed from the Closing Date to the date of such certificate), a statement (the "Accountants' Report") addressed to the Board of Directors of the Servicer, to the Trustee, the Owner Trustee, the Trust Collateral Agent, the Backup Servicer and to the Insurer, to the effect that such firm has audited the books and records of AmeriCredit Corp., in which the Servicer is included as a consolidated subsidiary, and issued its report thereon in connection with the audit report on the consolidated financial statements of AmeriCredit Corp. and that (1) such audit was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as such firm considered necessary in the circumstances; (2) the firm is independent of the Seller and the Servicer within the meaning of the Code of Professional Ethics of the American Institute of Certified Public Accountants, and (3) includes a report on the application of agreed upon procedures to three randomly selected Servicer's Certificates including the delinquency, default and loss statistics required to be specified therein noting whether any exceptions or errors in the Servicer's Certificates were found.