Common use of AUDIT CLAUSE Clause in Contracts

AUDIT CLAUSE. It is hereby agreed that CAS will follow the provisions, as applicable, in the Louisiana Audit Law (Louisiana Revised Statutes 24:513). The Legislative Auditor of the State of Louisiana, and/or the Office of the Governor, Division of Administration auditors shall have the option of inspecting and auditing all data, records, and accounts of CAS which relate to the Agreement, upon request. CAS shall maintain all books and records pertaining to the Agreement for a period of three years after the date of final payment under the prime contract and any subcontract entered into under this Agreement or three years from the date of termination of the prime contract and any subcontract entered into under this Agreement, whichever is later.