Third Party Audit. The SEP Policy requires that if a project has a direct cost of over one million dollars, the Discharger must have a third-party financial audit performed after the completion of the project. Pursuant to Section IX.I of the SEP Policy, the Discharger shall submit an audit report prepared by an independent third party, acceptable to the Los Angeles Water Board, providing such party’s professional opinion that the Discharger has expended money in the amount claimed by the Discharger. This audit report shall be at the sole cost of the Discharger and shall be submitted within six (6) months of the SEP Completion Date. The audit need not address any costs incurred by the Los Angeles Water Board for SEP oversight.
Appears in 3 contracts
Sources: Settlement Agreement and Stipulation for Entry of Administrative Civil Liability Order, Settlement Agreement and Stipulation for Entry of Administrative Civil Liability Order, Settlement Agreement and Stipulation for Entry of Administrative Civil Liability Order