RECIPIENT AUDIT Clause Samples
The RECIPIENT AUDIT clause grants the disclosing party the right to review and verify the recipient's compliance with the agreement, particularly regarding the handling and protection of confidential information. Typically, this clause allows the disclosing party to conduct audits or inspections of the recipient's records, systems, or facilities, often with advance notice and during normal business hours. Its core practical function is to ensure transparency and accountability, helping to prevent misuse or unauthorized disclosure of sensitive information by enabling oversight.
RECIPIENT AUDIT. Canada may, at its discretion, conduct a Recipient audit related to this Agreement during the term of this Agreement and up to two years after the Agreement End Date, in accordance with the Canadian Auditing Standards.
RECIPIENT AUDIT a) Canada may conduct periodic audits of the Recipient’s compliance with the terms and conditions of this Agreement, including without restriction, compliance with the financial provisions, during the term of the Agreement and up to two (2) years after the Agreement End Date. Canada may direct that an audit be carried out by an independent accredited auditor or other representative appointed by Canada. The Recipient shall cooperate with Canada’s representatives, employees, or contractors relative to any such audit, providing at no cost reasonable and timely access to the Project sites, the Recipient’s facilities, and any Project-related documentation for the purposes of audit, evaluation, inspection and monitoring compliance with this Agreement. Canada shall bear the costs of audits undertaken pursuant to this clause.
b) The Recipient agrees to inform Canada of any audit that has been conducted on the use of contribution funding under this Agreement at the Project or Program level, and to provide Canada with all relevant audit reports.
RECIPIENT AUDIT. The Recipient acknowledges that the Province may conduct periodic audits of its compliance with the terms and conditions of this Agreement, including without restrictions compliance with the financial provisions. The Recipient will, at its own expense, preserve and make available for audit and examination by the Province all books, accounts and records of the Project, the Recipient’s administrative, financial and claim processes and procedures, and any other information necessary to ensure compliance with the terms and conditions of this Agreement. The Province will have the right, notwithstanding any payment of the Provincial Contribution or expiry or termination of this Agreement, to conduct such audits at the Province’s expense as the Province considers necessary using internal audit staff or auditors selected by the Province. The Recipient will ensure that any contractual arrangements with Third Parties will contain similar provisions to provide the Province with similar audit rights in respect of those Third Parties.