Comptroller and Auditor General Clause Samples
The 'Comptroller and Auditor General' clause establishes the authority and role of the Comptroller and Auditor General (CAG) in overseeing the financial accounts and audits related to the agreement or entity in question. Typically, this clause grants the CAG the right to access records, inspect documents, and conduct audits to ensure transparency and accountability in the use of public funds. By formalizing the CAG's oversight, the clause helps prevent misuse of resources and ensures compliance with statutory financial standards.
Comptroller and Auditor General. Nothing in this Schedule 11 (Audit) shall prevent or restrict the rights of the Comptroller and Auditor General and/or his or her representatives at any time from: carrying out an audit, examination or investigation of the Contractor and/or any Sub-Contractor for the purposes of and pursuant to the National Audit Act 1983, the Government Resources and Accounts Act 2000, the Exchequer and Audit Act 1921 and/or any other applicable Legislation; and examining all documents as he may reasonably require which are owned, held or otherwise within the control of the Contractor and any Sub-Contractor, and any oral or written explanations as he or she considers necessary. Following an audit that identifies areas of non-compliance with this Contract by the Contractor that the Authority wishes to address with the Contractor, the Authority shall provide to the Contractor, within a reasonable time after that audit, a report indicating: without prejudice to any of its other rights or remedies under this Contract, any specific issues of non-compliance with this Contract which the Contractor is required to rectify (which the Contractor agrees may not be a complete list of all areas of non-compliance); and any issues not concerning non-compliance but which the Authority may (without commitment by the Authority) wish to consider further with the Contractor, in each case as identified as a result of the conducted audit. If the Contractor disputes an audit report provided in accordance with paragraph 5.6.1 (Response to Audits), the Contractor shall, within ten (10) Business Days after receiving the relevant report, provide details of the basis for that dispute together with documentation to support the Contractor's position to the Authority. If the matter cannot be resolved, it shall be dealt with in accordance with the Dispute Resolution Procedure (involving, where appropriate and possible, the applicable Authority Audit Agents). Any matters raised by the Authority pursuant to paragraph 5.6.1(b) (Response to Audits) shall be dealt with by the Parties through the Change Procedure.
Comptroller and Auditor General the officer of the House of Commons responsible for supervising the quality of public accounting and financial reporting who leads the National Audit Office.