Common use of AUDITING AND ASSURANCE Clause in Contracts

AUDITING AND ASSURANCE. 8.1. If the Maximum Sum is £100,000 or more, at the end of the Funding Period the Grantee will provide the Department with independent assurance that the Grant has been spent in accordance with the terms of the Grant Funding Agreement. To satisfy this requirement the Grantee will, within 6 months of the end of the Funding Period, provide a Statement of Grant Usage in the form prescribed by Schedule 2 showing that the Grant has been certified by an independent and appropriately qualified auditor or independent examiner.