The Audit Clause Samples

The Audit. The ACI will assign audits to the Auditor based on the demand and availability of the Auditor. The ACI will determine if the Auditor acts as lead Auditor or Co-Auditor for a certain audit. Before assignment the ACI will check the availability of the Auditor.

The Audit. 12.1. The Contractors shall authorize Stone to take appropriate measures to ensure proper compliance with the Agreement, including the following: (i) To allow access to Stone’s internal and external auditors, during the term of the Agreement and for a period of three years after the final payment under the Contract, to all relevant books, documents, papers and records of the Contractors and involving the transactions covered by the Agreement. All expenses and costs incurred in carrying out audits shall be borne by Stone. The Contractors must cooperate with Stone, providing the requested information, within reasonable limits. (ii) The Contractors shall make available the information and documents necessary for carrying out an audit and/or audit work, with a scope limited to the transactions related to the subject matter of this Agreement. The Parties may, at their discretion, appoint a representative to follow up the audit work. (iii) Information arising out of the audit work performed in the manner set forth above shall be kept confidential by the Contractors, including upon termination of this Agreement, and the disclosure of such information shall be subject to Stone’s prior written consent. (iv) Any information and/or document for the purpose of verifying compliance with the provisions of Clause 9 above.

The Audit. Not more than once annually, and upon not less than: thirty --------- (30) business days written notice to the other Party, WINSTAR shall have the right to engage a certified public accounting firm or such other assistance, other than the assistance of a direct competitor, as it deems desirable to conduct an audit of all books and records of DIGEX directly related to the status of WINSTAR as a Most Favored Nation hereunder. WINSTAR may cause any person or firm retained for this purpose to execute a non-disclosure agreement in favor of the other Party. Such audit shall be conducted during regular business hours at the office of the audited Party where such books and records are regularly maintained and shall be paid for by the requesting Party, provided however that if there is a material discrepancy (more than 10%) the audited party shall pay reasonable fees.

The Audit. The company will have a financial auditor and an internal auditor, who will develop their activity according to the legal provisions applicable and the contracts which will be concluded in this respect. The Financial Auditor is SC JPA AUDIT & CONSULTANTA SRL with headquarters in Bucharest, , legally represented by misses ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Manager. The internal audit will be assured by misses Baltateanu ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ – Romanian citizen, born on .1956, in the locality , with the residence in

The Audit. The accountants shall deliver a copy of their findings to each of the Parties within [*] Business Days of the completion of the review, and, in the absence of fraud or manifest error, the findings of such accountant shall be final and binding on each of the Parties. Any underpayments by a Party shall be paid to the other Party within [*] Business Days of notification of the results of such inspection. Any overpayments made by a Party shall be refunded to the other Party within [*] Business Days of notification of the results of such inspection. The cost of the accountants shall be the responsibility of [*] unless the accountants’ calculation shows that [*].