Common use of Audit or Examination of Records Clause in Contracts

Audit or Examination of Records. (1) The Consultant agrees that any authorized representative of the Board shall have access to and the right to examine, audit, excerpt and transcribe any directly pertinent books, documents, paper, and records of the Consultant relating to this contract. (2) All records relating to this contract, with the exception of custodian statements and records, shall be retained for seven (7) years following the date of final payment or completion of any required audit, whichever is later. (3) Compliance with the clause does not relieve the Consultant from retaining any records required by other laws or regulations of federal, state or local government units.

Audit or Examination of Records. (1) The Consultant agrees that any authorized representative of the Board shall have access to and the right to examine, audit, excerpt and transcribe any directly pertinent books, documents, paper, and records of the Consultant relating to this contract. (2) All records relating to this contract, with the exception of custodian statements and records, shall be retained for seven (7) years following the date of final payment or completion of any required audit, whichever is later. (3) Compliance with the clause does not relieve the Consultant from retaining any records required by other laws or regulations of federal, state or local government units. 2012.