Probity. 15.1 Where a partner contributes funds to be spent by another partner, the formal agreement must include provision for the provider to require the Chief Financial Officer of the receiver to provide written assurance that the money has been spent properly in line with the terms of the partnership and properly accounted for. In addition, agreements should include a provision that, in exceptional circumstances (e.g. suspected fraud or corruption), the provider reserves the right to ask the receiver’s External Auditors to investigate.
Appears in 3 contracts
Sources: Partnership Agreement, Partnership Agreement, Partnership Agreement