Common use of Audit Procedures Clause in Contracts

Audit Procedures. 4.1 ICE shall provide the following prior notice of its intention to carry out a Compliance Audit: (a) at least 30 calendar days in respect of any regular audit; (b) as much notice as reasonably practicable in respect of any extraordinary audit. 4.2 As soon as ICE has notified the Customer of its intention to carry out a Compliance Audit, the parties shall arrange the following: (a) the scope, timing, and location of the Compliance Audit; (b) the identification and collection of all records necessary for ICE and its third party representatives to carry out the Compliance Audit; (c) securing sufficient logistic resources, e.g. offices, staff, records and equipment, of the Customer to be made available for the duration of the Compliance Audit; and (d) arranging sufficient access for ICE and its third party representatives to relevant staff of the audited party in order to analyse, discuss and clarify differing interpretations of the Agreement on site. 4.3 Both ICE and the Customer shall promptly co-operate with each other in order to enable the Compliance Audit to be planned and conducted in an efficient manner. 4.4 Prior to commencing any Compliance Audit, ICE and the Customer will enter into necessary agreements to document, and the auditing party shall comply with, any reasonable confidentiality obligations or facility/network security or access policies, procedures and restrictions as may be required by the Customer and/or Customer User.