Common use of Audit Terms Clause in Contracts

Audit Terms. MS will choose an independent and internationally recognized certified public accountant or chartered accountant to perform the audit. The auditors will preserve the confidentiality of Company’s confidential information in accordance with applicable professional standards. Company agrees to give the audit team access to all of Company’s relevant records and premises with the following limits: 1. Access is limited to: i. those areas where COAs and APM are stored and used; where the Products are copied, stored, installed, used, and distributed, and ii. the records listed in section 8.e. 2. Company personnel may escort the auditors on Company’s premises. 3. The audit will take place during Company’s regular business hours. 4. The auditors will not unreasonably interfere with Company’s normal course of business.