Common use of Auditing Procedures Clause in Contracts

Auditing Procedures. We shall maintain true and accurate accounting records, in accordance with sound accounting practices, to support the dial connect charges payable to us by you. We shall, upon 30 days' prior written request, during normal business hours, but not more frequently than once each calendar quarter, provide access to the connect hour accounting records associated only with the provision of the Service for the immediately preceding one- year period to an independent accounting firm chosen and compensated by you for the purposes of auditing the accuracy of the calculation of the dial connect charges. The accounting firm selected shall: be required to sign an agreement with us protecting our confidential information, perform such audit on our premises, and such other locations reasonably necessary to conduct a proper audit, comply with our security procedures, and be authorized by us to report only the results of such audit and provide us with a copy of the report. In the event that the audit shows you owe an amount to us, we will invoice you for such amount within the next two monthly billing cycles. In the event that the audit shows a credit due to you, we will process such credit including the cost of the audit (but such costs shall not exceed the credit), excluding travel and per diem charges, plus interest at the prime rate on the entire amount until paid in full within the next two monthly billing cycles, provided that we do not disagree with the audit report. If we disagree with the audit report, we may select an independent accounting firm, compensated by us, to perform an audit on the same information provided to the firm selected by you. We shall provide you a copy of the report commissioned by us. In the event that the audit reports disagree on the credit due to you, the credit due to you will be determined by averaging the results of the two audit reports.

Auditing Procedures. We shall maintain true and accurate accounting records, in accordance with sound accounting practices, to support the dial connect charges payable to us by you. We shall, upon 30 days' prior written request, during normal business hours, but not more frequently than once each calendar quarter, provide access to the connect hour accounting records associated only with the provision of the Service for the immediately preceding one- one-year period to an independent accounting firm chosen and compensated by you for the purposes of auditing the accuracy of the calculation of the dial connect charges. The accounting firm selected shall: be required to sign an agreement with us protecting our confidential information, perform such audit on our premises, and such other locations reasonably necessary to conduct a proper audit, comply with our security procedures, and be authorized by us to report only the results of such audit and provide us with a copy of the report. In the event that the audit shows you owe an amount to us, we will invoice you for such amount within the next two monthly billing cycles. In the event that the audit shows a credit due to you, we will process such credit including the cost of the audit (but such costs shall not exceed the credit), excluding travel and per diem charges, plus interest at the prime rate on the entire amount until paid in full within the next two monthly billing cycles, provided that we do not disagree with the audit report. If we disagree with the audit report, we may select an independent accounting firm, compensated by us, to perform an audit on the same information provided to the firm selected by you. We shall provide you a copy of the report commissioned by us. In the event that the audit reports disagree on the credit due to you, the credit due to you will be determined by averaging the results of the two audit reports.