{"component": "clause", "props": {"groups": [{"size": 73, "samples": [{"hash": "am1ki2pQsks", "uri": "/contracts/am1ki2pQsks#final-audit", "label": "Congestion Mitigation and Air Quality Agreement", "score": 35.6888008118, "published": true}, {"hash": "9fYP99BgDue", "uri": "/contracts/9fYP99BgDue#final-audit", "label": "Surface Transportation Block Grant Program Agreement", "score": 34.0271339417, "published": true}, {"hash": "gpstrq2JZdm", "uri": "/contracts/gpstrq2JZdm#final-audit", "label": "Federal Aid Program Agreement", "score": 34.0241508484, "published": true}], "snippet_links": [{"key": "the-commission-will", "type": "clause", "offset": [0, 19]}, {"key": "project-costs", "type": "definition", "offset": [45, 58]}, {"key": "united-states-government", "type": "definition", "offset": [64, 88]}, {"key": "monies-due", "type": "clause", "offset": [143, 153]}, {"key": "the-city-shall", "type": "clause", "offset": [155, 169]}, {"key": "the-final", "type": "clause", "offset": [211, 220]}], "snippet": "The Commission will perform a final audit of project costs. The United States Government shall reimburse the City, through the Commission, any monies due. The City shall refund any overpayments as determined by the final audit.", "hash": "16d449ba0166cb8fb41636b8916af24a", "id": 1}, {"size": 15, "samples": [{"hash": "f7lKat6vhI8", "uri": "/contracts/f7lKat6vhI8#final-audit", "label": "Hope Vi Revitalization Grant Agreement", "score": 24.3552360535, "published": true}, {"hash": "gwUO6apZDy7", "uri": "/contracts/gwUO6apZDy7#final-audit", "label": "Hope Vi Revitalization Grant Agreement", "score": 19.0, "published": true}, {"hash": "5NfywzdMNEU", "uri": "/contracts/5NfywzdMNEU#final-audit", "label": "Hope Vi Revitalization Grant Agreement", "score": 19.0, "published": true}], "snippet_links": [{"key": "approval-of", "type": "definition", "offset": [14, 25]}, {"key": "the-preliminary", "type": "clause", "offset": [26, 41]}, {"key": "grantee-must", "type": "clause", "offset": [67, 79]}, {"key": "in-accordance-with", "type": "clause", "offset": [130, 148]}, {"key": "the-requirements", "type": "clause", "offset": [149, 165]}, {"key": "the-audit", "type": "clause", "offset": [194, 203]}, {"key": "for-approval", "type": "definition", "offset": [211, 223]}], "snippet": "Following HUD approval of the Preliminary Close-Out Materials, the Grantee must conduct a final audit of the Revitalization Grant in accordance with the requirements of 24 CFR 85.26 and forward the audit to HUD for approval.", "hash": "7d4aa1c4dd40e6018cc59d66d0801652", "id": 5}, {"size": 54, "samples": [{"hash": "h62GBi34uRc", "uri": "/contracts/h62GBi34uRc#final-audit", "label": "Charter Contract", "score": 34.3978385925, "published": true}, {"hash": "c9P3Ku9waWt", "uri": "/contracts/c9P3Ku9waWt#final-audit", "label": "Charter Contract", "score": 34.384185791, "published": true}, {"hash": "kXtL5H4Tv0e", "uri": "/contracts/kXtL5H4Tv0e#final-audit", "label": "Charter Renewal Contract", "score": 33.4970970154, "published": true}], "snippet_links": [{"key": "pursuant-to-section", "type": "clause", "offset": [0, 19]}, {"key": "florida-statutes", "type": "definition", "offset": [29, 45]}, {"key": "notice-of", "type": "clause", "offset": [52, 61]}, {"key": "independent-audit", "type": "clause", "offset": [104, 121]}, {"key": "to-account", "type": "definition", "offset": [156, 166]}, {"key": "funds-and-assets", "type": "clause", "offset": [182, 198]}, {"key": "fiscal-year", "type": "clause", "offset": [211, 222]}, {"key": "termination-or-non", "type": "clause", "offset": [236, 254]}, {"key": "the-sponsor", "type": "clause", "offset": [271, 282]}, {"key": "the-school", "type": "definition", "offset": [301, 311]}, {"key": "without-penalty", "type": "clause", "offset": [326, 341]}, {"key": "financial-audit", "type": "definition", "offset": [406, 421]}, {"key": "the-audit", "type": "clause", "offset": [437, 446]}, {"key": "independent-certified-public-accountant", "type": "definition", "offset": [472, 511]}], "snippet": "Pursuant to section 1002.33, Florida Statutes, upon notice of non- renewal, closure, or termination, an independent audit shall be completed within 30 days to account for all public funds and assets. During the fiscal year in which the termination or non-renewal occurs, the Sponsor may withhold from the School's FEFP funds, without penalty or interest, an amount necessary to cover the costs for a final financial audit of the School. The audit shall be conducted by an independent certified public accountant.", "hash": "39139ada5a2f838905a4c75bd5a30802", "id": 2}, {"size": 38, "samples": [{"hash": "kcSLzZSwSuw", "uri": "/contracts/kcSLzZSwSuw#final-audit", "label": "Operating Agreement", "score": 29.3408622742, "published": true}, {"hash": "f627efhMzOH", "uri": "/contracts/f627efhMzOH#final-audit", "label": "Organization Agreement", "score": 29.3408622742, "published": true}, {"hash": "lUIR0GKmV4j", "uri": "/contracts/lUIR0GKmV4j#final-audit", "label": "Organization Agreement (Diversified Futures Trust I)", "score": 21.0, "published": true}], "snippet_links": [{"key": "reasonable-time", "type": "definition", "offset": [9, 24]}, {"key": "following-the", "type": "definition", "offset": [25, 38]}, {"key": "completion-of-the", "type": "clause", "offset": [39, 56]}, {"key": "all-events", "type": "clause", "offset": [78, 88]}, {"key": "compliance-with", "type": "clause", "offset": [98, 113]}, {"key": "cftc-rules", "type": "definition", "offset": [129, 139]}, {"key": "the-liquidator", "type": "clause", "offset": [142, 156]}, {"key": "the-members", "type": "clause", "offset": [181, 192]}, {"key": "the-assets", "type": "clause", "offset": [226, 236]}, {"key": "liabilities-of-the-company", "type": "clause", "offset": [245, 271]}, {"key": "date-of", "type": "clause", "offset": [282, 289]}, {"key": "complete-liquidation", "type": "clause", "offset": [290, 310]}, {"key": "each-member", "type": "definition", "offset": [315, 326]}, {"key": "the-distributions", "type": "clause", "offset": [340, 357]}, {"key": "pursuant-to-section", "type": "clause", "offset": [363, 382]}], "snippet": "Within a reasonable time following the completion of the liquidation (and, in all events, in full compliance with all applicable CFTC rules), the liquidator shall supply to each of the Members a statement that shall set forth the assets and the liabilities of the Company as of the date of complete liquidation and each Member\u2019s portion of the distributions made pursuant to Section 10.4.", "hash": "5923bd61765b805ebeac372a010cbc66", "id": 3}, {"size": 16, "samples": [{"hash": "cyb9D7zU0KE", "uri": "/contracts/cyb9D7zU0KE#final-audit", "label": "Rental Agreement", "score": 31.2972126007, "published": true}, {"hash": "cYSCX4MqIyK", "uri": "/contracts/cYSCX4MqIyK#final-audit", "label": "Rental Agreement", "score": 31.2687759399, "published": true}, {"hash": "8VeeA3gDZoo", "uri": "/contracts/8VeeA3gDZoo#final-audit", "label": "Rental Agreement", "score": 31.2315731049, "published": true}], "snippet_links": [{"key": "all-charges", "type": "definition", "offset": [0, 11]}, {"key": "subject-to", "type": "definition", "offset": [16, 26]}, {"key": "the-renter", "type": "definition", "offset": [83, 93]}], "snippet": "All charges are subject to a final audit. 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"Within ninety (90) calendar days of Final Completion, the Participating County must obtain and submit a final program audit to the BSCC (see Construction Financing Program Agreement Administration and Audit Guide). The audit shall be prepared in accordance with generally accepted auditing standards and government auditing standards for financial and compliance audits. The audit may be performed by the Participating County subject to the terms hereinafter described, or the Participating County may hire, at Participating County cost, an independent auditor to complete the final audit. Participating County should obtain assurances that the personnel selected to perform the audit collectively have the necessary skills. It is important that a sound procurement practice be followed when contracting for audit services. Sound contract and approval procedures, including the monitoring of contract performance, should be in place. The objectives and scope of the audit should be made clear. In addition to price, other factors to be considered include: the responsiveness of the bidder to the request for proposal; the past experience of the bidder; availability of bidder staff with professional qualifications and technical abilities; and whether the bidder organization participates in an external quality control review program. It should be noted that these steps are important whether the Participating County is hiring auditors from an outside CPA firm or within its own internal auditing unit. Since the audit function must maintain organizational independence, the County Financial Officer for this Project shall not perform audits of the contract-related activities. If the Participating County internal auditor performs the audit, the auditor must be organizationally independent from the Participating County\u2019s accounting and project management functions. Additionally, Participating County internal auditors who report to the Project Financial Officer, or to whom the Project Financial Officer reports, shall not perform the audit. The person conducting the audit shall be a certified public accountant, unless a Participating County auditor completes the audit. Failure to comply with these qualifications standards could result in the rejection of the audit report. At any time, the BSCC may disallow (that is, deny both use of funds and any applicable matching credit for) all or part of the cost of the activity or action determined to be not in compliance with the terms and conditions of this Agreement, or take other remedies legally available. The BSCC reserves the right to have an audit conducted (at the BSCC\u2019s expense) at any time between execution of the Agreement up to and including the final audit of the Project.", "hash": "56598ba8cc9905bfdab18d50a9c0fefe", "id": 8}, {"size": 5, "samples": [{"hash": "2dARoA58vxy", "uri": "/contracts/2dARoA58vxy#final-audit", "label": "Disposition and Development Agreement (Five Point Holdings, LLC)", "score": 36.6112251882, "published": true}, {"hash": "2Gq7vIF8jgX", "uri": "/contracts/2Gq7vIF8jgX#final-audit", "label": "Financing Plan", "score": 35.4385490417, "published": true}, {"hash": "ddJ2vanN1MC", "uri": "/contracts/ddJ2vanN1MC#final-audit", "label": "Financing Plan", "score": 35.2703895569, "published": true}], "snippet_links": [{"key": "net-project-proceeds", "type": "definition", "offset": [39, 59]}, {"key": "net-available-increment", "type": "definition", "offset": [68, 91]}, {"key": "to-developer", "type": "clause", "offset": [118, 130]}, {"key": "financing-plan", "type": "definition", "offset": [142, 156]}, {"key": "final-audit-date", "type": "definition", "offset": [185, 201]}, {"key": "developer-shall", "type": "clause", "offset": [205, 220]}, {"key": "submit-to", "type": "clause", "offset": [221, 230]}, {"key": "audited-financial-report", "type": "definition", "offset": [250, 274]}, {"key": "the-project", "type": "clause", "offset": [279, 290]}, {"key": "prepared-by", "type": "clause", "offset": [387, 398]}, {"key": "major-phase", "type": "definition", "offset": [453, 464]}, {"key": "the-final", "type": "clause", "offset": [480, 489]}, {"key": "according-to", "type": "definition", "offset": [502, 514]}, {"key": "scope-of-review", "type": "clause", "offset": [517, 532]}, {"key": "by-the-agency", "type": "clause", "offset": [542, 555]}], "snippet": "No later than six (6) months after all Net Project Proceeds and any Net Available Increment that is to be distributed to Developer under this Financing Plan have been distributed (the \u201cFinal Audit Date\u201d), Developer shall submit to the Agency a final audited financial report for the Project as a whole, except as to any portion for which the DDA has been terminated (the \u201cFinal Audit\u201d), prepared by a CPA that updates all of the matters included in all Major Phase Audits through the Final Audit Date, according to a scope of review Approved by the Agency.", "hash": "2f5df892cbb0fedc7d363923b556c733", "id": 9}, {"size": 5, "samples": [{"hash": "ftLqdEt6ZtP", "uri": "/contracts/ftLqdEt6ZtP#final-audit", "label": "Green and Resilient Retrofit Program Grant Agreement", "score": 33.0941390991, "published": true}, {"hash": "cgPj93tNo1c", "uri": "/contracts/cgPj93tNo1c#final-audit", "label": "Green and Resilient Retrofit Program Grant Agreement", "score": 33.0456199646, "published": true}], "snippet_links": [{"key": "approval-of", "type": "definition", "offset": [14, 25]}, {"key": "in-accordance-with", "type": "clause", "offset": [136, 154]}, {"key": "the-requirements", "type": "clause", "offset": [155, 171]}, {"key": "cfr-part-200", "type": "clause", "offset": [177, 189]}, {"key": "subpart-f", "type": "clause", "offset": [191, 200]}, {"key": "the-audit", "type": "clause", "offset": [213, 222]}, {"key": "for-approval", "type": "definition", "offset": [230, 242]}, {"key": "the-grant", "type": "definition", "offset": [294, 303]}], "snippet": "Following HUD approval of the Close-Out Materials, Owners that are not for-profit entities must conduct a final audit of the GRRP Grant in accordance with the requirements of 2 CFR Part 200, Subpart F and forward the audit to HUD for approval. For-Profit Grantees must conduct a final audit of the Grant in accordance with 2 CFR \u00a7 200.501(h) and forward the audit to HUD for approval.", "hash": "57864965f14b372ce2b4b820cdeb42e1", "id": 10}], "next_curs": "ClQSTmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhRmaW5hbC1hdWRpdCMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 288, "title": "Final Audit", "children": [["", ""], ["nondiscrimination", "Nondiscrimination"], ["academic-student-performance-data", "Academic Student Performance Data"], ["student-academic-progress", "Student Academic Progress"], ["federal-and-state-laws", "Federal and State Laws"]], "parents": [["dissolution-and-winding-up", "Dissolution and Winding Up"], ["post-termination-provisions", "Post Termination Provisions"], ["application-is-approved", "Application is Approved"], ["accounting-and-audit-requirements", "ACCOUNTING AND AUDIT REQUIREMENTS"], ["counterparts", "COUNTERPARTS"]], "id": "final-audit", "related": [["final-audit-report", "Final Audit Report", "<strong>Final Audit</strong> Report"], ["annual-audit", "Annual Audit", "Annual Audit"], ["annual-audits", "Annual Audits", "Annual Audits"], ["financial-audit", "Financial Audit", "Financial Audit"], ["financial-audits", "Financial Audits", "Financial Audits"]], "related_snippets": [], "updated": "2025-08-15T05:36:17+00:00", "also_ask": ["What audit scope limitations should be negotiated to protect both parties?", "Which documentation and access rights are essential for enforceability?", "How can confidentiality of audit findings be ensured in the clause?", "What are the most common legal pitfalls in final audit provisions?", "How do courts typically interpret ambiguous audit rights clauses?"], "drafting_tip": "Specify audit procedures and timelines to ensure clarity; define auditor qualifications to maintain objectivity; require advance notice to allow adequate preparation.", "explanation": "The Final Audit clause establishes the right for one party, typically the client or principal, to conduct a comprehensive review of the other party\u2019s records and activities at the conclusion of a contract or project. This audit may cover financial records, compliance with contractual obligations, or verification of deliverables, and is usually performed within a specified period after the contract ends. Its core function is to ensure transparency and accountability, allowing the auditing party to confirm that all terms have been met and to resolve any outstanding financial or performance issues before final settlement."}, "json": true, "cursor": ""}}