Common use of Financial Records and Reports Clause in Contracts

Financial Records and Reports. The Recipient and Project Participants shall maintain adequate records to account for Government funds received under this Agreement and shall maintain adequate records to account for Project Participants’ funding provided under this Agreement. Information pertaining to the type and amounts of Recipient and Project Participant cost share shall be included in the Quarterly Business Status Report (Attachments 2 and 5 provide additional details). Upon completion or termination of this Agreement, whichever occurs earlier, the Recipient shall furnish to the Program Administrator’s Contract Representative a copy of the Final Technical Report and the Close-out Documentation required by Attachment 2. The Recipient’s relevant financial records are subject to examination or audit by Advanced Technology International’s approved designee or the Government for a period not to exceed three (3) years after December 31, 2019. Advanced Technology International’s approved designee shall have direct access to sufficient records and information of the Recipient to ensure full accountability for all funding under this Agreement. Such audit, examination, or access shall be performed during normal business hours on regular business days upon prior written notice and shall be subject to the security requirements of the audited party. Any audit required during the course of the Program may be conducted by the Government at any time using Government auditors at the Government’s expense. If an audit request is originated by the Government and Government auditors are not required to be used, the Recipient has the option of hiring an external CPA firm at the expense of the Recipient. If an audit request is originated by Advanced Technology International, the Recipient may request the auditing body to be Government (if the Government and Advanced Technology International agree), Advanced Technology International’s approved designee (not at Recipient's expense), or has the option of hiring an external CPA firm. If Recipient elects to hire an external CPA firm, the audit will be at the expense of the Recipient.

Financial Records and Reports. The Recipient and Project Participants shall maintain adequate records to account for Government funds received under this Agreement and shall maintain adequate records to account for Project Participants’ funding provided under this Agreement. Information pertaining to the type and amounts of Recipient and Project Participant cost share shall be included in the Quarterly Business Status Report (Attachments 2 and 5 provide additional details). Upon completion or termination of this Agreement, whichever occurs earlier, the Recipient shall furnish to the Program Administrator’s Contract Representative a copy of the Final Technical Report and the Close-out Documentation documentation required by Attachment 2. The Recipient’s relevant financial records are subject to examination or audit by Advanced Technology International’s approved designee or the Government for a period not to exceed three (3) years after December 31, 20192017 <subject to change based on extension of NSRP Program in 2017>. Advanced Technology International’s approved designee shall have direct access to sufficient records and information of the Recipient to ensure full accountability for all funding under this Agreement. Such audit, examination, or access shall be performed during normal business hours on regular business days upon prior written notice and shall be subject to the security requirements of the audited party. Any audit required during the course of the Program may be conducted by the Government at any time using Government auditors at the Government’s expense. If an audit request is originated by the Government and Government auditors are not required to be used, the Recipient has the option of hiring an external CPA firm at the expense of the Recipient. If an audit request is originated by Advanced Technology International, the Recipient may request the auditing body to be Government (if the Government and Advanced Technology International agree), Advanced Technology International’s approved designee (not at Recipient's expense), or has the option of hiring an external CPA firm. If Recipient elects to hire an external CPA firm, the audit will be at the expense of the Recipient.

Financial Records and Reports. The Recipient and Project Participants shall maintain adequate records to account for Government Federal funds received under this Agreement and shall maintain adequate records to account for Project Program Participants’ ' funding provided under this Agreement. Information pertaining to the type and amounts of Recipient and Project Program Participant cost share shall be included in the Quarterly Business Status Report (Attachments 2 and 5 provide additional details)Report. Upon completion or termination of this Agreementeach subsequent Task Order, whichever occurs earlier, the Recipient shall furnish to the Program Administrator’s Contract Representative Administrator a copy of the Final Technical Report and the Close-out Documentation required by Attachment (2) of applicable Task Orders. The RecipientProgram Participant’s relevant financial records are subject to examination or audit by Advanced Technology International’s approved designee or the Government Program Administrator for a period not to exceed three (3) years after December 31, 2019expiration of the term of each individual Task Order made under this Agreement. Advanced Technology InternationalThe Program Administrator’s approved designee shall have direct access to sufficient records and information of the Recipient to ensure full accountability for all funding under this Agreementeach subsequent Task Order. Such audit, examination, or access shall be performed during normal business hours on regular business days upon prior written notice and shall be subject to the security requirements of the audited party. Any audit required during the course of the Program may be conducted by the Government at any time using Government auditors at the Government’s expense. If an audit request is originated by the Government and Government auditors are not required to be used, the Recipient has the option of hiring an external CPA firm at the expense of the Recipient. If an audit request is originated by Advanced Technology Internationalthe Program Administrator, the Recipient may request the auditing body to be Government (if the Government and Advanced Technology International Program Administrator agree), Advanced Technology Internationalthe Program Administrator’s approved designee (not at Recipient's expense), or has the option of hiring an external CPA firm. If Recipient elects to hire an external CPA firm, the audit will be at the expense of the Recipient.

Financial Records and Reports. The Recipient and Project Participants shall maintain adequate records to account for Government funds received under this Agreement and shall maintain adequate records to account for Project Participants’ funding provided under this Agreement. Information pertaining to the type and amounts of Recipient and Project Participant cost share shall be included in the Quarterly Business Status Report (Attachments 2 and 5 provide additional details). Upon completion or termination of this Agreement, whichever occurs earlier, the Recipient shall furnish to the Program Administrator’s Contract Representative a copy of the Final Technical Report and the Close-out Documentation documentation required by Attachment 2. The Recipient’s relevant financial records are subject to examination or audit by Advanced Technology International’s approved designee or the Government for a period not to exceed three (3) years after December 31, 2019. Advanced Technology International’s approved designee shall have direct access to sufficient records and information of the Recipient to ensure full accountability for all funding under this Agreement. Such audit, examination, or access shall be performed during normal business hours on regular business days upon prior written notice and shall be subject to the security requirements of the audited party. Any audit required during the course of the Program may be conducted by the Government at any time using Government auditors at the Government’s expense. If an audit request is originated by the Government and Government auditors are not required to be used, the Recipient has the option of hiring an external CPA firm at the expense of the Recipient. If an audit request is originated by Advanced Technology International, the Recipient may request the auditing body to be Government (if the Government and Advanced Technology International agree), Advanced Technology International’s approved designee (not at Recipient's expense), or has the option of hiring an external CPA firm. If Recipient elects to hire an external CPA firm, the audit will be at the expense of the Recipient.

Financial Records and Reports. The Recipient and Project Participants shall maintain adequate records to account for Government funds received under this Agreement and shall maintain adequate records to account for Project Participants’ funding provided under this Agreement. Information pertaining to the type and amounts of Recipient and Project Participant cost share shall be included in the Quarterly Business Status Report (Attachments 2 and 5 provide additional details). Upon completion or termination of this Agreement, whichever occurs earlier, the Recipient shall furnish to the Program Administrator’s Contract Representative a copy of the Final Technical Report and the Close-out Documentation documentation required by Attachment 2. The Recipient’s relevant financial records are subject to examination or audit by Advanced Technology InternationalSCRA Applied R&D’s approved designee or the Government for a period not to exceed three (3) years after December 31, 20192017. Advanced Technology InternationalSCRA Applied R&D’s approved designee shall have direct access to sufficient records and information of the Recipient to ensure full accountability for all funding under this Agreement. Such audit, examination, or access shall be performed during normal business hours on regular business days upon prior written notice and shall be subject to the security requirements of the audited party. Any audit required during the course of the Program may be conducted by the Government at any time using Government auditors at the Government’s expense. If an audit request is originated by the Government and Government auditors are not required to be used, the Recipient has the option of hiring an external CPA firm at the expense of the Recipient. If an audit request is originated by Advanced Technology InternationalSCRA Applied R&D, the Recipient may request the auditing body to be Government (if the Government and Advanced Technology International SCRA Applied R&D agree), Advanced Technology InternationalSCRA Applied R&D’s approved designee (not at Recipient's expense), or has the option of hiring an external CPA firm. If Recipient elects to hire an external CPA firm, the audit will be at the expense of the Recipient.

Financial Records and Reports. The Recipient and Project Participants shall maintain adequate records to account for Government funds received under this Agreement and shall maintain adequate records to account for Project Participants’ funding provided under this Agreement. Information pertaining to the type and amounts of Recipient and Project Participant cost share shall be included in the Quarterly Business Status Report (Attachments 2 and 5 provide additional details). Upon completion or termination of this Agreement, whichever occurs earlier, the Recipient shall furnish to the Program Administrator’s Contract Representative a copy of the Final Technical Report and the Close-out Documentation required by Attachment 2. The Recipient’s relevant financial records are subject to examination or audit by Advanced Technology International’s approved designee or the Government for a period not to exceed three (3) years after December 31, 20192017 <subject to change based on extension of NSRP Program in 2017>. Advanced Technology International’s approved designee shall have direct access to sufficient records and information of the Recipient to ensure full accountability for all funding under this Agreement. Such audit, examination, or access shall be performed during normal business hours on regular business days upon prior written notice and shall be subject to the security requirements of the audited party. Any audit required during the course of the Program may be conducted by the Government at any time using Government auditors at the Government’s expense. If an audit request is originated by the Government and Government auditors are not required to be used, the Recipient has the option of hiring an external CPA firm at the expense of the Recipient. If an audit request is originated by Advanced Technology International, the Recipient may request the auditing body to be Government (if the Government and Advanced Technology International agree), Advanced Technology International’s approved designee (not at Recipient's expense), or has the option of hiring an external CPA firm. If Recipient elects to hire an external CPA firm, the audit will be at the expense of the Recipient.

Financial Records and Reports. The Recipient and Project Participants shall maintain adequate records to account for Government funds received under this Agreement and shall maintain adequate records to account for Project Participants’ funding provided under this Agreement. Information pertaining to the type and amounts of Recipient and Project Participant cost share shall be included in the Quarterly Business Status Report (Attachments 2 and 5 provide additional details). Upon completion or termination of this Agreement, whichever occurs earlier, the Recipient shall furnish to the Program Administrator’s Contract Representative a copy of the Final Technical Report and the Close-out Documentation required by Attachment 2. The Recipient’s relevant financial records are subject to examination or audit by Advanced Technology InternationalSCRA Applied R&D’s approved designee or the Government for a period not to exceed three (3) years after December 31, 20192017. Advanced Technology InternationalSCRA Applied R&D’s approved designee shall have direct access to sufficient records and information of the Recipient to ensure full accountability for all funding under this Agreement. Such audit, examination, or access shall be performed during normal business hours on regular business days upon prior written notice and shall be subject to the security requirements of the audited party. Any audit required during the course of the Program may be conducted by the Government at any time using Government auditors at the Government’s expense. If an audit request is originated by the Government and Government auditors are not required to be used, the Recipient has the option of hiring an external CPA firm at the expense of the Recipient. If an audit request is originated by Advanced Technology InternationalSCRA Applied R&D, the Recipient may request the auditing body to be Government (if the Government and Advanced Technology International SCRA Applied R&D agree), Advanced Technology InternationalSCRA Applied R&D’s approved designee (not at Recipient's expense), or has the option of hiring an external CPA firm. If Recipient elects to hire an external CPA firm, the audit will be at the expense of the Recipient.