Scope of the Audit definition

Scope of the Audit means all unclaimed property that is required to be reported and remitted to a Signatory State, as defined by the terms of this Agreement, with respect to life insurance policies, Annuity Contracts, and retained asset accounts that were in-force at any time during the period January 1, 1992 through December 31, 2012, regardless of whether they are currently listed as active, and including, but not limited to, policies identified as lapsed, expired, matured, reported and remitted to a Signatory State (escheated), rescinded, or terminated. Notwithstanding any of the foregoing, the Scope of the Audit shall exclude: (1) Proceeds payable under a policy provision or rider covering accidental death; (2) Proceeds due under group life insurance policies or group annuities (including group life insurance and group annuity certificates issued thereunder), mortgage life insurance policies, or credit life insurance policies for which the Company is not, and was not at the time of death, the Record keeper, except for group life insurance, and group annuity, mortgage life insurance, or credit life insurance claims received for which the Company, from information in its administrative systems, or the administrative systems of any third party retained by the Company, and/or the group policy claim form, is able to determine that a benefit is due and is able to determine the benefit amount, but such claims have not been fully paid or escheated; (3) any policy or certificate of life insurance that provides a death benefit under any Federal employee benefit program, including without limitation the Servicemembers Group Life Insurance and Veterans Group Life Insurance Programs, which, through Federal law or regulation, prohibits escheatment; and (4) Proceeds due under variable life insurance policies (including group life insurance certificates issued thereunder) and variable annuity contracts.
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Scope of the Audit means all property maintained in, related to, or originating from all brokerage services or customer accounts at the Company, including, but not limited to, employee stock plan accounts, retail brokerage accounts, and retirement accounts, whether denominated individual all-purpose accounts, limited purpose accounts, omnibus accounts, suspense accounts, or other account or fund that was reportable or potentially reportable on or before December 31, 2014. Notwithstanding the foregoing, the Scope of the Audit shall exclude:
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Scope of the Audit means all unclaimed property that is required to be reported and remitted to a Signatory State with respect to life insurance policies, Annuity Contracts, and retained asset accounts that were in-force at any time during the period from January 1, 1992 through December 31, 2010, regardless of whether they are currently listed as active, and including, but not limited to, policies identified as lapsed, expired, matured, remitted, reported and remitted to a Signatory State (escheated), rescinded, or terminated. Notwithstanding any of the foregoing, the Scope of the Audit shall exclude: (1) Proceeds payable under a policy provision or rider covering accidental death; (2) Proceeds due under group life insurance policies (including group life insurance certificates issued thereunder), group Annuity Contracts, mortgage life insurance policies, or credit life insurance policies for which the Company is not the Record keeper, except for group life insurance, mortgage life insurance, or credit life insurance claims received for which the Company, from information in its administrative systems, or the administrative systems of any third party retained by, or acting on behalf of, the Company, and/or the group policy claim form, is able to determine that a benefit is due and is able to determine the benefit amount, but such claims have not been fully paid or escheated; and (3) life insurance policies, certificates and Annuity Contracts (whether individually or group-owned) issued outside the United States.
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Examples of Scope of the Audit in a sentence

  • Scope of the Audit The scope of our performance audit covered the period of July 1, 2019 to June 30, 2020.

  • Scope of the Audit The scope of our performance audit covered the period of July 1, 2020 to June 30, 2021.

  • Scope of the Audit of the Financial StatementsAn audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

  • Scope of the Audit of the Financial Statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error.

  • Scope of the Audit The scope of our performance audit covered the period of July 1, 2021 to June 30, 2022.

  • Overall Objectives and Scope of the Audit Assignment – should be brief and in summary form.

  • Scope of the Audit The scope of our performance audit covered the period of July 1, 2022 to June 30, 2023.

  • Introduction – Scope of the Audit The scope of the audit includes only friars and employees reported to have sexually abused or exploited minors or vulnerable adults, as defined in Chapter VII.

  • Objectives and Scope of the Audit of the Financial Statements We will work with the DIR Director of Internal Audit and subject matter experts and/or points of contact of the Agency to perform an audit of the financial statements of [add company name].

  • In June 2007, the AICPA issued Statement of Position 07-1, “Clarification of the Scope of the Audit and Accounting Guide: Investment Companies and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies” (“SOP 07-1”).


More Definitions of Scope of the Audit

Scope of the Audit means all unclaimed property that is required to be reported and remitted to a Signatory State with respect to life insurance policies and Annuity Contracts that were in-force at any time during the period January 1, 1992 through June 30, 2012, regardless of whether they are currently listed as active, and including, but not limited to, policies identified as lapsed, expired, matured, remitted, reported and remitted to a Signatory State (escheated), rescinded, or terminated. Notwithstanding any of the foregoing, the Scope of the Audit shall exclude: 1) Proceeds payable under a policy provision or rider covering accidental death; and 2) Proceeds due under group life insurance policies (including group life insurance certificates issued thereunder) for which the Company is not the Record keeper, except for group life insurance claims received for which the Company, from information in its administrative systems and/or the group policy claim form, is able to determine that a benefit is due and is able to determine the benefit amount, but such claims have not been fully paid or escheated.
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Related to Scope of the Audit

  • Scope of the Project shall have the meaning set forth in Clause 2.1;

  • the Auditors means the auditors from time to time of the company or, in the case of joint auditors, any one of them;

  • Scope of Services or “Scope of Work” means the work to be performed by the Proposer or Consultant as described in Section 2.0 of this RFP, as amended thereto.

  • Quality Assurance means a systematic procedure for assessing the effectiveness, efficiency, and appropriateness of services.

  • Digital audio-visual work means a series of related images which, when shown in succession, imparts an impression of motion, together with accompanying sounds, if any.

  • Quality Assurance Plan or “QAP” shall have the meaning set forth in Clause 11.2;

  • Feasibility Study means the evaluation and analysis of the potential of a project, which aims at supporting the process of decision-making by objectively and rationally uncovering its strengths and weaknesses, opportunities and threats, as well as identifying the resources required to carry it through and ultimately its prospects for success;

  • Certified nurse midwife means an advanced practice registered nurse who is certified in the

  • Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.

  • Evaluation Team means the team appointed by the City; “Information Meeting” has the meaning set out in section 2.2;