Records Standards. The CONTRACTOR agrees to maintain records that will provide accurate, current and complete disclosure of the status of each program, including, but not limited to, participants, financial, and program operations. The books of account and records must be maintained in sufficient detail to permit the Awarding Agency, the Pass-through Entity (if applicable), Worksystems and their duly authorized representatives to verify how the contract funds were expended or utilized. CONTRACTOR shall safeguard and maintain the confidentiality of all program records and documents through proper accounting and program procedures and practices. CONTRACTOR must comply with the standards in the most recent versions of appropriate Uniform Administrative Requirements and Worksystems policies and procedures.
Records Standards. The Subrecipient shall maintain and safeguard hardcopy and electronic project records and documents and evidence of accounting procedures and practices. Records must be sufficient to justify all payments claimed and paid under this contract. Subrecipient shall not publish, transfer, sell, or otherwise disclose any confidential information gained through this Contract unless:
Records Standards. You must prepare all financial reports in accordance with generally accepted accounting principles. Your annual financial statements should be compiled by an independent Certified Public Accountant, and be delivered to Us within ninety (90) days after Your fiscal year end.
