Additional Audit Provisions Clause Samples
The "Additional Audit Provisions" clause establishes the right for one party, typically the client or customer, to conduct audits of the other party’s records, systems, or operations beyond standard audit rights. This may include specifying the frequency, scope, and procedures for such audits, and can cover areas like financial records, compliance with contractual obligations, or data security practices. The core function of this clause is to provide transparency and accountability, ensuring that the audited party adheres to agreed standards and mitigating risks of non-compliance or misconduct.
Additional Audit Provisions. The following additional audit provisions shall augment those 9 auditing provisions set forth in the Inspections and Audits section of this Agreement.
10 1. CONTRACTOR shall provide audit rights to ADMINISTRATOR or its agents in all areas 11 included in the Agreement. CONTRACTOR confirms acceptance of ADMINISTRATOR’s audit 12 requirement and an unrestricted ability for ADMINISTRATOR or its agents to obtain all materials, fee 13 schedules, etc., consistent with CONTRACTOR’s performance under this Agreement. For audits of 14 rebate agreements, CONTRACTOR shall provide a top 20 summary and 3 to 5 rebate agreements and 15 related ▇▇▇▇▇▇▇▇ broken down by job/unit number for review. Rebate agreements shall be reviewed on 16 CONTRACTOR’s site.
17 2. CONTRACTOR agrees to allow a detailed claims review related to County’s claims 18 activity to be performed by ADMINISTRATOR or the PBM Auditor. CONTRACTOR shall submit 19 reports which allow rebate activity to be reconciled against the claims initially submitted to the County 20 and paid with sufficient detail so ADMINISTRATOR or PBM Auditor can break down the information 21 by job/unit numbers used for the reporting period. CONTRACTOR may require the PBM Auditor to 22 sign a non-disclosure agreement and said agreement shall not also require signature of
Additional Audit Provisions