Common use of Project Audit Clause in Contracts

Project Audit. (a) At any time during or after the term of the Deed, the Ministry may direct that an audit of the Project be undertaken. The audit may take the form of a full technical, financial, compliance and/or health and safety audit, or a more informal assessment, of the Recipient and/or Sub-Recipient(s) to check, compliance with this Deed, appropriate use of the Grant, and/or review the Recipient’s ability to perform any obligations under or in connection with this Deed. (b) The Ministry will inform the Recipient of an audit; i. Audits will be carried out either by an accountant or technical specialist independent of the Ministry, or by Ministry staff. ii. The Recipient must promptly provide any records the Ministry requests as part of the audit including records held by Sub-Recipients in respect of their delivery of Project activities. (c) At the end of the audit, the Recipient will receive a written document advising of the outcome. (d) In the event that the audit reveals any misappropriation of the Grant or material non compliances with this Deed (particularly those related to Deliverables), the Recipient will be liable for the costs of the audit, as well as the repayment of any misappropriated or incorrectly claimed Grant monies.

Project Audit. (a) At any time during or after the term of the Deed, the Ministry may direct that an audit of the Project be undertaken. The audit may take the form of a full technical, financial, compliance and/or health and safety audit, or a more informal assessment, of the Recipient and/or Sub-Recipient(s) to check, compliance with this Deed, appropriate use of the Grant, and/or review the Recipient’s ability to perform any obligations under or in connection with this Deed. (b) The Ministry will inform the Recipient of an audit; i. Audits will be carried out either by an accountant or technical specialist independent of the Ministry, or by Ministry staff. ii. The Recipient must promptly provide any records the Ministry requests as part of the audit including records held by Sub-Recipients in respect of their delivery of Project activities. (c) At the end of the audit, the Recipient will receive a written document advising of the outcome. (d) In the event that the audit reveals any misappropriation of the Grant or material non compliances with this Deed (particularly those related to Deliverables), the Recipient will be liable for the costs of the audit, as well as the repayment of any misappropriated or incorrectly claimed Grant monies.