SSAE 16 Audits Sample Clauses

The SSAE 16 Audits clause requires that a service provider undergoes independent audits in accordance with the Statement on Standards for Attestation Engagements No. 16 (SSAE 16), which assesses the effectiveness of their internal controls over financial reporting. Typically, this clause obligates the provider to furnish audit reports, such as SOC 1 reports, to the client on a regular basis, demonstrating compliance with industry standards. Its core function is to provide assurance to clients that the service provider maintains adequate controls, thereby mitigating risks related to data security and operational reliability.
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SSAE 16 Audits. At least annually, at no additional charge to Customer, Administrator shall provide to Customer a copy of a SSAE 16 SOC I report for the twelve (12) months ending September 30, with the first report being provided for the twelve (12) months ending September 30, 2013, following the first Commencement Date hereunder. Administrator shall deliver to Customer such final report as soon as possible after December 1, but no later than December 31. Such report shall be prepared by a nationally recognized firm for Administrator’s facility or facilities from which it (including, as applicable, its Affiliates and subcontractors) is providing Services. Such reports provided by Administrator under this Section shall be considered Administrator Confidential Information. Administrator may redact from such reports, those portions containing confidential information of third parties.
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SSAE 16 Audits. In addition to its other obligations under this Section 9.9, Service Provider shall cause a Type II Statement on Standards for Attestation Engagements No. 16 Audit ("SSAE 16 Audit") to be conducted by an independent, nationally recognized public accounting firm qualified to perform such audits at least annually, with the first SSAE 16 Audit commencing in calendar year 2012, for the DIR Consolidated Data Centers and each shared services facility at or from which the Services are provided. The Service Provider acknowledges that each such SSAE 16 Audit shall cover Service Provider's policies, procedures, controls and systems for the twelve (12) months of Service Provider's performance of the Services immediately after the Commencement Date (and each successive twelve (12) month period thereafter), and in particular those policies, procedures, controls and systems applicable to an audit of Service Provider's customers. Prior to initiating any such SSAE 16 Audit, Service Provider shall confer with DIR as to the scope and timing of each SSAE 16 Audit and shall accommodate DIR's requested modifications (if any) for each such SSAE 16 Audit to the extent reasonably practicable.
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SSAE 16 Audits. At least annually, at no additional charge to Customer, Vendor shall provide to Customer a copy of a SSAE 16 SOC I type II report for the twelve (12) months ending September 30, with the first report being provided for the twelve (12) months ending September 30 following the first Commencement Date. Vendor shall deliver to Customer such final report as soon as possible after December 1, but no later than December 31. Such report shall be prepared by a nationally recognized firm for Vendor’s facility or facilities from which it (including, as applicable, its Affiliates and subcontractors) is providing Services. Such reports provided by Vendor under this Section shall be considered Vendor Confidential Information. Vendor may redact from such reports, those portions containing confidential information of third parties.
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SSAE 16 Audits. In addition to its other obligations under this Section 9.9, Service Provider shall cause a Type II Statement on Standards for Attestation Engagements No. 16 SOC1 Audit ("SSAE 16 Audit") to be conducted by an independent, nationally recognized public accounting firm qualified to perform such audits at least annually, with baseline testing of the defined controls initiated within two (2) months after Commencement Date. Service Provider will deliver a SSAE 16 audit report within the first twelve (12) months after the Commencement Date (and each successive twelve (12) month period thereafter. The scope of systems audited shall be the Chargeback System and the Configuration Management Data Base (CMDB) and the facilities audited shall be the facilities where such systems are located. DIR will select up to ten (10) information technology control objectives (e.g. entity level, change management, physical access, logical access, data transmissions, environmental, processing, availability) and four (4) business process control objectives (e.g. transactions processed completely and accurately). Prior to initiating any such SSAE 16 Audit, Service Provider shall confer with DIR as to the scope and timing of each SSAE 16 Audit and shall accommodate DIR's requested modifications (if any) for each such SSAE 16 Audit to the extent reasonably practicable.
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SSAE 16 Audits. In addition to its other obligations under this Section 9.9, Service Provider shall cause a Type II Statement on Standards for Attestation Engagements No. 16 Audit ("SSAE 16
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Related to SSAE 16 Audits

  • Annual Audits Each fiscal year, the School shall provide for an independent annual financial audit conducted in accordance with Generally Accepted Auditing Standards and Governmental Auditing Standards and performed by a certified public accountant (CPA); provided the Commission may establish an alternative reporting requirement in accordance with State law. The Commission shall provide the guidelines and/or scope of the audit or alternative report and may require minimum CPA qualifications or that the School select from a list of qualified CPAs as provided by the Commission. The School shall provide the completed audit or alternative report to the Commission by November 15 after the conclusion of the fiscal year; provided that the Commission, with reasonable notice to the School, may change the deadline depending on circumstances. The School shall pay for the audit or alternative report if an appropriation is not made by the Legislature for such purpose.

  • Audits No more than once a year, or following unauthorized access, upon receipt of a written request from the LEA with at least ten (10) business days’ notice and upon the execution of an appropriate confidentiality agreement, the Provider will allow the LEA to audit the security and privacy measures that are in place to ensure protection of Student Data or any portion thereof as it pertains to the delivery of services to the LEA . The Provider will cooperate reasonably with the LEA and any local, state, or federal agency with oversight authority or jurisdiction in connection with any audit or investigation of the Provider and/or delivery of Services to students and/or LEA, and shall provide reasonable access to the Provider’s facilities, staff, agents and ▇▇▇’s Student Data and all records pertaining to the Provider, LEA and delivery of Services to the LEA. Failure to reasonably cooperate shall be deemed a material breach of the DPA.

  • Field Audits The Agent has the right at any time and in its discretion to conduct field audits with respect to the Collateral and each Borrower’s Receivables, inventory, business and operations. All field audits shall be at the cost and expense of the Borrowers; it being understood and agreed that, in the absence of an Event of Default, the Borrowers’ maximum liability for field audit costs and expenses shall be limited to the reasonable costs and expenses of only two (2) field audits conducted during any twelve (12) month period (unless the Agent shall conduct a field audit pursuant to Section 1.10 of this Agreement in connection with the joinder of a new “Borrower” hereunder, in which event the Borrowers shall be liable for the costs and expenses of such field audit as well). Any and all field audits conducted following an Event of Default shall be at the Borrowers’ cost and expense, with the foregoing limitation on maximum costs and expense being inapplicable.

  • SAO AUDIT A. The state auditor may conduct an audit or investigation of any entity receiving funds from the state directly under the Contract or indirectly through a subcontract under the Contract. The acceptance of funds directly under the Contract or indirectly through a subcontract under the Contract acts as acceptance of the authority of the state auditor, under the direction of the legislative audit committee, to conduct an audit or investigation in connection with those funds. Under the direction of the legislative audit committee, an entity that is the subject of an audit or investigation by the state auditor must provide the state auditor with access to any information the state auditor considers relevant to the investigation or audit. B. Grantee shall comply with any rules and procedures of the state auditor in the implementation and enforcement of Section 2262.154 of the Texas Government Code.

  • Contract Audits Eligible Purchaser represents and warrants that it shall cooperate with Enterprise Services, the Office of the State Auditor, federal officials, and/or any third party authorized by law or contract, in any audit conducted by such party pertaining to any Contracts that Eligible Purchaser has made purchases from pursuant to this Agreement, including providing records related to any purchases from such Contracts.