Management Audit Sample Clauses
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Management Audit. 3.1 If an audit is required under paragraph 2.5 RSP shall carry out an audit of the Licensee’s management systems against the Licensee Control Objectives (the “Management Audit”). The Management Audit shall report whether or not:
(a) the Licensee has in place and is complying with its own controls, objectives, policies and procedures that meet the requirements of this Agreement and the Licensee Control Objectives;
(b) the Licensee has reported to RSP in a timely manner any material deficiencies by the Licensee of its obligations under this Agreement, and the Licensee Control Objectives together with any mitigating action taken.
3.2 Save in the event that any fraud or other malpractice is suspected RSP shall, within a reasonable and agreed time, notify the Licensee prior to the commencement of any audit or visit connected with the Management Audit which audit or visit shall not materially disrupt the business operations of the Licensee.
3.3 RSP shall permit the Licensee who is the subject of an audit or visit connected with the Management Audit, to verify the identity of the auditor with RSP.
3.4 Upon completion of the Management Audit, RSP shall forward to the Finance Director (or other similar authorised representative) of the Licensee in draft form a copy of the Management Audit report.
3.5 RSP shall provide an opportunity for the Licensee to attend a review meeting at the end of each audit or visit connected with the Management Audit and to review a copy of the draft Management Audit report.
3.6 RSP shall issue the final Management Audit report to the Licensee addressed to the Finance Director (or other similar authorised representative).
3.7 The final Management Audit report will be presented at the next available meeting of the relevant RSP Board Audit Sub-Committee. If so determined the final Management Audit report, or extracts, will be presented to the RSP Board Audit Committee.
3.8 RSP shall follow-up and initiate an escalation process, within a reasonable and agreed time, to ensure that any key issues flowing from an audit or visit connected with the Management Audit are reported and appropriate action taken. Improvement Action - means the work that the Licensee must carry out pursuant to the Plan to improve performance of their obligations under the Agreement or which the Licensee may be required to carry out. Plan - means the analysis and improvement plan which the Licensee must produce in accordance with the provisions of this Schedule. ATOC C...
Management Audit. Owner shall have the right to conduct a management audit, at its own cost, of Operator's performance hereunder either by Owner officers and employees or through their duly authorized agents or representatives. Operator shall cooperate with Owner in the conducting of such audit and, subject to applicable Legal Requirements and the requirements of vendors, give Owner reasonable access to all contracts, records and other documents relating to the Generating Facilities. Following any such management audit, Operator shall respond to the findings of such audit if requested to do so by Owner. Management audits by Owner shall be scheduled so as to minimize the number of audits required and so as to not to exceed one management audit in any consecutive twelve-month period.
Management Audit. 18 ARTICLE 3 Entitlement to Output...................................18 --------------------- 3.1 Entitlement to Output..........................18 3.2 Determination of Output-Responsibility for Station Service and Losses.............................19
Management Audit. 18 ARTICLE 3 Entitlement to Output.......................................19 ---------------------
Management Audit. 3.1 If an audit is required under paragraph 2.5 above, RSP shall carry out an audit of the Agent’s management systems against the Agent Control Objectives (the “Management Audit”). The Management Audit shall report whether or not:
Management Audit. Owner shall have the right to conduct a management audit, at its own cost, of [OPCO]'s performance hereunder either by Owner officers and employees or through their duly authorized agents or representatives. [OPCO] shall cooperate with Owner in the conducting of such audit and, subject to applicable Legal Requirements and the requirements of vendors, give Owner reasonable access to all contracts, records and other documents relating to the Generating Facilities. Following any such management audit, [OPCO] shall respond to the findings of such audit if requested to do so by Owner. Management audits by Owner shall be scheduled so as to minimize the number of audits required and so as to not to exceed one management audit in any consecutive twelve-month period.
Management Audit. The Franchisee will have prepared, at its expense, when requested by the City Manager, a management performance audit by an independent firm specializing in such audits, certifying that the Franchisee’s operations and management practices are such that rates are minimized.
Management Audit. Each Participant shall have the right to conduct management audits, at its own cost, of Southern Nuclear's performance hereunder either by such Participant's own officers and employees or by its duly authorized agents or representatives, including without limitation any auditor utilized by such Participant, or any nationally recognized accounting firm designated by such Participant or by the Administrator of the Rural Electrification Administration. Southern Nuclear shall cooperate with such Participant in the conduct of such audits and, subject to the provisions of Article VI hereof, the applicable regulations of the NRC and the requirements of vendors, give such Participant's representatives reasonable access to all contracts, records, and other documents relating to Each Plant. Following any such management audit, Southern Nuclear shall respond to the findings of such audit if requested to do so by such Participant. Management audits by individual Participants shall be coordinated and scheduled through the Participants' Agent so as to minimize the number of audits required and to attempt to avoid more than one management audit in any consecutive 12-month period.
Management Audit. First, given that the contract has very few details regarding such its required management audit, it left us (FCSN) with many questions. Attached is a memo we sent to Town Manager ▇▇▇▇▇ ▇▇▇▇▇▇, including her replies. Regarding the audit, ▇▇. ▇▇▇▇▇▇ answered our questions and was very helpful. We welcome any further input from the Selectmen regarding our questions and her answers. We are considering hiring ManageHub (▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇) to perform the audit. They will not only evaluate the organization and prepare a report, but also train us to use Baldrige-based practices to create an even more sustainable and efficient organization. It is expected that the process will take a full 10-months once initiated and cost an estimated $24,000.