INTERNAL AUDITING Sample Clauses
The INTERNAL AUDITING clause establishes the right of a party, typically the company or organization, to conduct reviews and examinations of its own operations, processes, or financial records. This clause outlines the procedures for internal audits, such as the frequency of audits, the scope of records to be reviewed, and the responsibilities of employees to cooperate with auditors. By formalizing the internal audit process, the clause helps ensure compliance with internal policies, detect inefficiencies or irregularities, and maintain accountability within the organization.
INTERNAL AUDITING. 4.4.1. CONTRACTOR shall institute and conduct a Quality Assurance Process for all services provided. Said process shall include at a minimum a system for verifying that all services provided and claimed for reimbursement shall meet SMHS definitions and be documented accurately.
4.4.2. CONTRACTOR shall provide COUNTY with notification and a summary of any internal audit exceptions, and the specific corrective actions taken to sufficiently reduce the errors that are discovered through CONTRACTOR’S internal audit process. CONTRACTOR shall provide this notification and summary to COUNTY in a timely manner.
INTERNAL AUDITING. A. Contractors of sufficient size as determined by County shall institute and conduct a Quality Assurance Process for all services provided hereunder. Said process shall include at a minimum a system for verifying that all services provided and claimed for reimbursement shall meet DMC-ODS definitions and be documented accurately.
B. Contractor shall provide County with notification and a summary of any internal audit exceptions, and the specific corrective actions taken to sufficiently reduce the errors that are discovered through Contractor’s internal audit process. Contractor shall provide this notification and summary to County in a timely manner.
INTERNAL AUDITING. On the basis of an appropriate audit program, the Supplier is to monitor the application and effectiveness of his management processes through internal system and process audits. The auditing methods are to be based on the framework of regulations of the VDA (German Association of the Automotive Industry) Volume 6 Part 4 (VDA 6.4 QM System Audit - Production Equipment) and Volume 6 Part 7 (VDA 6.7 Process Audit – Single Production).
INTERNAL AUDITING. The DISTRICT shall remain responsible for establishing and maintaining its own internal controls and directing the work of the INTERNAL AUDITOR to be done on its behalf.
INTERNAL AUDITING. At regular intervals, but at least once a year, the company organises internal audits of energy issues (or, if the system is integrated in another management system, energy issues should be reviewed at the same time). The purpose of internal audits is to assess the implementation of continuous improvement of energy efficiency and to provide information for company management on attainment of the goals and targets. The company draws up an auditing schedule, defining a) extent, criteria and methods of the audits
INTERNAL AUDITING. ServiceCo may conduct periodic audits of administration and accounting processes. Audits would include examinations of Recipients' service agreements, accounting systems, source documents, allocation methods and ▇▇▇▇▇▇▇▇ to assure proper authorization and accounting for services. Costs of a general nature may be allocated using the Operating Expense Ratio.
INTERNAL AUDITING. Emera may conduct periodic audits of administration and accounting processes. Audits would include examinations of Recipients' service agreements, accounting systems, source documents, allocation methods and ▇▇▇▇▇▇▇▇ to assure proper authorization and accounting for services. Costs of a general nature may be allocated using the Composite Ratio.
INTERNAL AUDITING. AGSC conducts periodic audits of administration and accounting processes. Audits would include examinations of AGLR System Companies' service agreements, accounting systems, source documents, allocation methods and ▇▇▇▇▇▇▇▇ to assure proper authorization and accounting for services. Costs will be assigned to AGLR System Companies using the Hours Worked Ratio. Any remaining costs will be allocated using the Composite Ratio.
INTERNAL AUDITING. UPC will provide advice with respect to the structure of, and procedures applicable to, the conduct of internal audits of Overnite related to internal accounting, administrative controls over corporate assets and operational and financial management. Notwithstanding the foregoing or anything set forth in this Agreement, UPC will not at any time conduct any internal audits of Overnite or provide any judgments as to the adequacy of any internal audit conducted by Overnite or recommend any corrective actions to be taken by Overnite in response to the outcome of any of its internal audits.
INTERNAL AUDITING. The internal auditing function will evaluate the fulfillment of the policies and procedures established by the Banks for the performance of operations subject to market risks, and of the policies and procedures established for identifying and managing those risks, as also what has been established by this Agreement. These evaluations must be included in the permanent activities of the Internal Auditing Annual Plan, and they must be documented by written reports with the recommendations derived from them.