Common use of Auditing and Verification Requirements Clause in Contracts

Auditing and Verification Requirements. 6.1 The expenditure declared by the partners in payment requests shall be examined by an independent auditor, chosen by the partners. The auditor shall verify that the expenditure and any revenues reported are real, accurately recorded and eligible with regard to this contract. The examination must be undertaken according to the principles described in Article 16 of Xxxxx XX and Xxxxx XX.

Auditing and Verification Requirements. 6.1 The expenditure declared by the partners in payment requests shall be examined by an independent auditor, chosen by the partners. The auditor shall verify that the expenditure and any revenues reported are real, accurately recorded and eligible with regard to this contractcontract and its annexes. The examination must be undertaken according to the principles described in Article 16 of Xxxxx XX and Xxxxx XX.

Auditing and Verification Requirements. 6.1 The expenditure declared by the partners in payment requests shall be examined by an independent auditor, chosen by the partners. The auditor shall verify that the expenditure and any revenues reported are real, accurately recorded and eligible with regard to this contractcontract and its annexes. The examination must be undertaken according to the principles described in Article 16 of Xxxxx XX and in Xxxxx XX.