Common use of AUDIT PROGRAM Clause in Contracts

AUDIT PROGRAM. FII will develop a program of financial and performance audits and reviews of the Recipient and the Work performed by the Recipient (and any Subcontractors) (the “Audit Program”). The Audit Program will be designed in combination with ongoing monitoring activities of the Recipient (and any Subcontractors) to achieve a sufficient level of assurance that the Recipient: (a) meets or exceeds the Performance Measures; (b) performs the Work with expected outcomes, in a manner consistent with the objectives of the Program; (c) completes the Work to a high standard in accordance with the Project Proposal, the Budget and the Performance Measures; and (d) only claims for Eligible Costs in performing the Work.