Common use of Annual Procurement Audits Clause in Contracts

Annual Procurement Audits. The Recipient, through MP and VMD, shall or shall cause FSP to: not later than August 31 of each year during the implementation of the Project, beginning on August 31, 2009, contract independent auditors with experience and qualifications satisfactory to the Association, operating under terms of reference satisfactory to the Association, to perform a procurement audit of all the procurement records and documentation for the Project, relating to the Recipient’s previous fiscal year of implementation of the Project, in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); not later than December 15 of each year during the implementation of the Project, beginning on December 15, 2009 and continuing for each year thereafter during the implementation of the Project, furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; at all times during the implementation of the Project, furnish to the Association and to the auditors performing a Procurement Audit, such other information concerning the procurement records and documentation for the Project as the Association or the auditors may from time to time reasonably request; and not later than January 31 of each year during the implementation of the Project, beginning on January 31, 2010, exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMDVPPTA, shall or shall cause FSP to: shall: (a) not later than August 31 of each year during the implementation of the Project, beginning on August 31, 2009, contract independent auditors with experience and qualifications satisfactory to the Association, operating under terms of reference satisfactory to the Association, to perform a procurement audit of all the procurement records and documentation for the Project, relating to the Recipient’s previous fiscal year of implementation of the Project, in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); ; (b) not later than December 15 31 of each year during the implementation of the Project, beginning on December 1531, 2009 and continuing for each year thereafter during the implementation of the Project, furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; ; (c) at all times during the implementation of the Project, furnish to the Association and to the auditors performing a Procurement Audit, Audit such other information concerning the procurement records and documentation for the Project as the Association or the auditors may from time to time reasonably request; and and (d) not later than January 31 of each year during the implementation of the Project, beginning on January 31, 2010, exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMD, shall or shall cause FSP to: : (a) not later than August 31 of each year during the implementation of the Project, beginning on August 31, 2009, contract independent auditors with experience and qualifications satisfactory to the Association, operating under terms of reference satisfactory to the Association, to perform a procurement audit of all the procurement records and documentation for the Project, relating to the Recipient’s previous fiscal year of implementation of the Project, in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); ; (b) not later than December 15 of each year during the implementation of the Project, beginning on December 15, 2009 and continuing for each year thereafter during the implementation of the Project, furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; ; (c) at all times during the implementation of the Project, furnish to the Association and to the auditors performing a Procurement Audit, such other information concerning the procurement records and documentation for the Project as the Association or the auditors may from time to time reasonably request; and and (d) not later than January 31 of each year during the implementation of the Project, beginning on January 31, 2010, exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMD, shall or shall cause FSP to: VMT shall: (a) not later than August 31 April 30 of each year during the implementation of the Project, beginning on August 31April 30, 2009, contract independent auditors with experience and qualifications satisfactory to the Association, operating under terms of reference satisfactory to the Association, to perform a procurement audit of all the procurement records and documentation for the Project, relating to the Recipient’s previous fiscal year of implementation of the Project, in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); ; (b) not later than December 15 July 31 of each year during the implementation of the Project, beginning on December 15July 31, 2009 and continuing for each year thereafter during the implementation of the Project, furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; ; (c) at all times during the implementation of the Project, furnish to the Association and to the auditors performing a Procurement Audit, such other information concerning the procurement records and documentation for the Project as the Association or the auditors may from time to time reasonably request; and and (d) not later than January 31 September 30 of each year during the implementation of the Project, beginning on January 31September 30, 20102009, exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMD, shall or Recipient shall cause FSP toeach Project Implementing Entity: not later than August 31 November 30 of each year during the implementation of the Project, beginning on August 31November 30, 20092007 and continuing for each year thereafter during the implementation of the Project, to contract independent auditors with of experience and qualifications satisfactory to the Association, Association operating under terms of reference satisfactory to the Association, Association to perform a procurement audit of all the procurement records and documentation for the Project, Project Implementing Entity’s Respective Part of the Project relating to the Recipient’s previous fiscal year of implementation of the Project, Project in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); not later than December 15 April 30 of each year during the implementation of the Project, beginning on December 15April 30, 2009 2008 and continuing for each year thereafter during the implementation of the Project, to furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; at all times during the implementation of the Project, to furnish to the Association and to the auditors performing a Procurement Audit, Audit such other information concerning the procurement records and documentation for the Project Implementing Entity’s Respective Part of the Project as the Association or the auditors may from time to time reasonably request; and not later than January 31 May 30 of each year during the implementation of the Project, beginning on January 31May 30, 20102008 and continuing for each year thereafter during the implementation of the Project, to exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMDMSD, shall or shall cause FSP to: shall: (a) not later than August 31 January 30 of each year during the implementation of the Project, beginning on August 31January 30, 2009, contract independent auditors with experience and qualifications satisfactory to the Association, operating under terms of reference satisfactory to the Association, to perform a procurement audit of all the procurement records and documentation for the Project, relating to the Recipient’s previous fiscal year of implementation of the Project, in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); ; (b) not later than December 15 March 31 of each year during the implementation of the Project, beginning on December 15March 31, 2009 and continuing for each year thereafter during the implementation of the Project, furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; ; (c) at all times during the implementation of the Project, furnish to the Association and to the auditors performing a Procurement Audit, such other information concerning the procurement records and documentation for the Project as the Association or the auditors may from time to time reasonably request; and and (d) not later than January 31 April 30 of each year during the implementation of the Project, beginning on January 31April 30, 20102009, exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMD, shall or Recipient shall cause FSP to: each Project Implementing Entity: (a) not later than August 31 November 30 of each year during the implementation of the Project, beginning on August 31November 30, 20092007 and continuing for each year thereafter during the implementation of the Project, to contract independent auditors with of experience and qualifications satisfactory to the Association, Association operating under terms of reference satisfactory to the Association, Association to perform a procurement audit of all the procurement records and documentation for the Project, Project Implementing Entity’s Respective Part of the Project relating to the Recipient’s previous fiscal year of implementation of the Project, Project in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); ; (b) not later than December 15 April 30 of each year during the implementation of the Project, beginning on December 15April 30, 2009 2008 and continuing for each year thereafter during the implementation of the Project, to furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; ; (c) at all times during the implementation of the Project, to furnish to the Association and to the auditors performing a Procurement Audit, Audit such other information concerning the procurement records and documentation for the Project Implementing Entity’s Respective Part of the Project as the Association or the auditors may from time to time reasonably request; and and (d) not later than January 31 May 30 of each year during the implementation of the Project, beginning on January 31May 30, 20102008 and continuing for each year thereafter during the implementation of the Project, to exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMDMSD, shall or shall cause FSP toshall: not later than August 31 January 30 of each year during the implementation of the Project, beginning on August 31January 30, 2009, contract independent auditors with experience and qualifications satisfactory to the Association, operating under terms of reference satisfactory to the Association, to perform a procurement audit of all the procurement records and documentation for the Project, relating to the Recipient’s previous fiscal year of implementation of the Project, in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); not later than December 15 March 31 of each year during the implementation of the Project, beginning on December 15March 31, 2009 and continuing for each year thereafter during the implementation of the Project, furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; at all times during the implementation of the Project, furnish to the Association and to the auditors performing a Procurement Audit, such other information concerning the procurement records and documentation for the Project as the Association or the auditors may from time to time reasonably request; and not later than January 31 April 30 of each year during the implementation of the Project, beginning on January 31April 30, 20102009, exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.

Annual Procurement Audits. The Recipient, through MP and VMDVPPTA, shall or shall cause FSP toshall: not later than August 31 of each year during the implementation of the Project, beginning on August 31, 2009, contract independent auditors with experience and qualifications satisfactory to the Association, operating under terms of reference satisfactory to the Association, to perform a procurement audit of all the procurement records and documentation for the Project, relating to the Recipient’s previous fiscal year of implementation of the Project, in accordance with procurement auditing principles acceptable to the Association (“Procurement Audit”); not later than December 15 31 of each year during the implementation of the Project, beginning on December 1531, 2009 and continuing for each year thereafter during the implementation of the Project, furnish to the Association the report, in form and substance satisfactory to the Association, on the Procurement Audit completed for the Recipient’s prior fiscal year; at all times during the implementation of the Project, furnish to the Association and to the auditors performing a Procurement Audit, Audit such other information concerning the procurement records and documentation for the Project as the Association or the auditors may from time to time reasonably request; and not later than January 31 of each year during the implementation of the Project, beginning on January 31, 2010, exchange views with the Association on the results of the Procurement Audit completed for the Recipient’s prior fiscal year and thereafter implement such recommended measures, taking into account the Association’s views on the matter.