Common use of AUDIT AND INVESTIGATION Clause in Contracts

AUDIT AND INVESTIGATION. 12.1 AIB may, not more frequently than once in any six (6) month period during the term of these Purchase Terms (unless a material discrepancy is found or reasonably suspected by AIB, for regulatory reasons or as may be requested by a Regulator), upon not less than seven (7) Business Days prior written notice, and during Business Hours, inspect and audit, at its own expense, the Supplier premises, systems, infrastructure, compliance with Applicable Laws, and records, utilised in the supply of the Deliverables. The AIB internal audit department or its external auditors or any combination thereof may conduct or assist in an audit. In the conduct of an audit, the Supplier shall provide such assistance or services as AIB may reasonably require and the auditors shall use reasonable endeavours to avoid disruption to the conduct of the business of the Supplier. 12.2 The Supplier shall provide reasonable and necessary assistance to AIB in facilitating any audit, investigation, criminal investigation or enquiry by any Regulator or any law enforcement agency to which AIB is subject. The Supplier shall be repaid any reasonable expenses incurred in giving any such assistance.

AUDIT AND INVESTIGATION. 12.1 10.1 AIB may, not more frequently than once in any six (6) month period during the term of these Purchase Terms (unless a material discrepancy is found or reasonably suspected by AIB, for regulatory reasons or as may be requested by a Regulator), upon not less than seven (7) Business Days prior written notice, and during Business Hours, inspect and audit, at its own expense, the Supplier premises, systems, infrastructure, compliance with Applicable Laws, and records, utilised in the supply of the DeliverablesServices. The AIB internal audit department or its external auditors or any combination thereof may conduct or assist in an audit. In the conduct of an audit, the Supplier shall provide such assistance or services as AIB may reasonably require and the auditors shall use reasonable endeavours to avoid disruption to the conduct of the business of the Supplier. 12.2 10.2 The Supplier shall provide reasonable and necessary assistance to AIB in facilitating any audit, investigation, criminal investigation or enquiry by any Regulator or any law enforcement agency to which AIB is subject. The Supplier shall be repaid any reasonable expenses incurred in giving any such assistance.