ACCOUNTING AND FINANCIAL AUDIT BY ANP Sample Clauses

ACCOUNTING AND FINANCIAL AUDIT BY ANP. Accounting According to the Applicable Laws and Regulations, the Contracted Parties shall: keep all documents, books, papers, records, and other procedural documents; keep all supporting documents required for evaluation of the Local Content and of the Government and Third-Party Shares supporting the accounting bookkeeping; make the applicable entries; submit the accounting and financial statements; and submit to ANP the Local Content Report under the Applicable Laws and Regulations. Audit ANP may perform an audit, including for the statements of calculation of the Government Shares, under the Applicable Laws and Regulations. The audit may be performed directly or through agreements and partnerships, according to the Applicable Laws and Regulations. The Contracted Parties shall be notified at least thirty (30) days before the audits. ANP shall have comprehensive access to the books, records, and other documents referred to in paragraph 26.2, including the contracts and agreements entered into by the Contracted Parties and related to the acquisition of goods and services for the Operations, for the last ten (10) years. The Contracted Parties are responsible for the information provided by third parties. The Contracted Parties shall make available to ANP the respective Local Content certificates, in addition to agreements, tax documents, and other supporting records corresponding to the good or service acquired, for ten (10) years after the milestone of evaluation of the Local Content. ANP may require from the Contracted Parties any documents required to settle any doubts. Any absence of audit or omission of its conclusions shall neither exclude nor reduce the Contracted Parties’ liability to fully perform the obligations of this Agreement, nor shall represent implied agreement with methods and procedures contrary to this Agreement or to the Applicable Laws and Regulations.
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ACCOUNTING AND FINANCIAL AUDIT BY ANP. Accounting‌
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