Common use of Audit Language Clause in Contracts

Audit Language. Each Employer bound to this Trade Appendix agrees that where the OMCA has just cause to believe that an Employer has not made proper or any industry, training and development and/or Local Employer Funds, the Employer shall produce complete employment and payroll records, job costing allocations, T5018 forms, contracts, subcontracts and other supporting documentation as reasonably required to permit review of these records by a chartered accountant appointed by the OMCA, to determine whether the employer has made the required contributions. In the event such review reveals that an Employer has failed to properly contribute, remit or report Industry, Training and Development and/or Local Employer Funds in accordance with this Trade Appendix the OMCA may require such Employer to pay the cost of the review where the OMCA are of the opinion that such Employer deliberately failed or omitted to properly contribute or report as aforesaid. If no such failure is revealed, the party requesting the audit shall bear the costs.

Audit Language. Each Employer bound to this Trade Appendix agrees that where the OMCA has just cause to believe that an Employer has not made proper or any industry, training and development and/or Local Employer Funds, the Employer shall produce complete employment and payroll records, job costing allocations, T5018 forms, contracts, subcontracts and other supporting documentation as reasonably required to permit review of these records by a chartered accountant appointed by the OMCA, to determine whether the employer has made the required contributions. In the event such review reveals that an Employer has failed to properly contribute, remit or report Industry, Training and Development and/or Local Employer Funds in accordance with this Trade Appendix the OMCA may require such Employer to pay the cost of the review where the OMCA are of the opinion that such Employer deliberately failed or omitted to properly contribute or report as aforesaid. If no such failure is revealed, the party requesting the audit shall bear the costs.. 94 Trade Appendix - Masonry Tenders