Common use of AUDITS/RECORDS Clause in Contracts

AUDITS/RECORDS. 1.1 Contractor shall maintain books, records, files, documents and other evidence directly pertinent to all work under this Agreement in accordance with accepted professional practices and accounting procedures and according to statutory agreements for the applicable time mandated, and in no case less than ten (10) years after the termination of the Agreement. County, or any of its duly authorized representatives, shall have access to such books, records, files, documents and other evidence for purposes of inspection, evaluation, audit or copying. Contractor will furnish County a certified copy of an Audit Report from an independent CPA firm as requested by County, for the report most recent fiscal year(s) that most closely covers the last completed County fiscal year. The Audit Report will include the independent CPA firm’s review of each program operated by Contractor, with review of both expenditures and revenues for each program.

AUDITS/RECORDS. 1.1 Contractor shall maintain books, records, files, documents and other evidence directly pertinent to all work under this Agreement in accordance with accepted professional practices and accounting procedures and according to statutory agreements for the applicable time mandated, and in no case less than ten seven (107) years after the termination of the Agreement. County, or any of its duly authorized representatives, shall have access to such books, records, files, documents and other evidence for purposes of inspection, evaluation, audit or copying. Contractor will furnish County a certified copy of an Audit Report from an independent CPA firm as requested by County, for the report most recent fiscal year(s) that most closely covers the last completed County fiscal year. The Audit Report will include the independent CPA firm’s review of each program operated by Contractor, with review of both expenditures and revenues for each program.