FISCAL RECORDS AND AUDIT. CONSULTANT shall keep records and invoices in connection with the work to be performed under this Agreement. CONSULTANT shall use recognized accounting methods in preparing such reports and invoices. ANAHEIM reserves the right to designate its own employee representative(s) or its contracted representative(s) with a certified public accounting firm who shall have the right to audit CONSULTANT's accounting procedures and internal controls of CONSULTANT's financial systems and to examine any cost, revenue, payment, claim, other records or supporting documentation resulting from any items set forth in this Agreement. If CONSULTANT fails to provide supporting documentation satisfactory to ANAHEIM for costs charged, then CONSULTANT agrees to reimburse ANAHEIM for those costs. Any such audit(s) shall be undertaken by ANAHEIM or its representative(s) at reasonable times and in conformance with generally accepted auditing standards. CONSULTANT agrees to fully cooperate with any such audit(s). This right to audit shall extend during the length of this Agreement and for a period of three (3) years, or longer if required by law, following the date of final payment under a Work Order. CONSULTANT agrees to retain all necessary records/documentation for the entire length of this audit period. CONSULTANT will be notified in writing of any exception taken as a result of an audit. Any adjustments and/or payments which must be made as a result of any such audit or inspection of CONSULTANT’s invoices and/or records shall be made within thirty (30) days from presentation of ANAHEIM’s findings to CONSULTANT. If CONSULTANT fails to make such payment, CONSULTANT agrees to pay interest, accruing monthly, at a rate of ten percent (10%) per annum unless another section of this Agreement specifies a higher rate of interest, then the higher rate will prevail. Interest will be computed from the date of written notification of exception(s) to the date CONSULTANT reimburses ANAHEIM for any exception(s). If an audit inspection or examination in accordance with this article discloses overcharges (of any nature) by CONSULTANT to ANAHEIM in excess of one percent (1%) of the value of that portion of the Agreement that was audited, the actual cost of ANAHEIM's audit shall be reimbursed to ANAHEIM by CONSULTANT. CONSULTANT reserves the right to contest any exception.
FISCAL RECORDS AND AUDIT. 18 CONSULTANT shall keep records and invoices in connection with the work to be 20 CONSULTANT shall use recognized accounting methods in preparing such reports 21 and invoices. ANAHEIM reserves the right to designate its own employee representative(s) or its 22 contracted representative(s) with a certified public accounting firm who shall have the right to 23 audit CONSULTANT's accounting procedures and internal controls of CONSULTANT's financial 24 systems and to examine any cost, revenue, payment, claim, other records or supporting 25 documentation resulting from any items set forth in this Agreement. If CONSULTANT fails to 26 provide supporting documentation satisfactory to ANAHEIM for costs charged, then 27 CONSULTANT agrees to reimburse ANAHEIM for those costs. Any such audit(s) shall be 28 undertaken by ANAHEIM or its representative(s) at reasonable times and in conformance with 1 generally accepted auditing standards. CONSULTANT agrees to fully cooperate with any such 3 This right to audit shall extend during the length of this Agreement and for a period 4 of three (3) years, or longer if required by law, following the date of final payment under a Work 6 of this audit period.
FISCAL RECORDS AND AUDIT. 21 18.1. CONSULTANT shall keep records and invoices in connection with the 22 work to be performed under this Agreement.
23 18.2. CONSULTANT shall use recognized accounting methods in preparing 24 such records and invoices. ANAHEIM reserves the right to designate its own 25 employee representative(s) or its contracted representative(s) with a certified 26 public accounting firm who shall have the right to audit CONSULTANT's 27 accounting procedures and internal controls of CONSULTANT's financial 28 systems and to examine any cost, revenue, payment, claim, other records or 1 supporting documentation resulting from any items set forth in this Agreement. If 2 CONSULTANT fails to provide supporting documentation satisfactory to 3 ANAHEIM for costs charged, then CONSULTANT agrees to reimburse 4 ANAHEIM for those costs. Any audit(s) shall be undertaken by ANAHEIM or its 5 representative(s) at reasonable times and in conformance with generally accepted 6 auditing standards. CONSULTANT agrees to fully cooperate with any audit(s).
7 18.3. This right to audit shall extend during the length of this Agreement and for
FISCAL RECORDS AND AUDIT. 22 CONSULTANT shall keep records and invoices in connection with the work to 23 be performed under this Agreement. CONSULTANT shall use recognized accounting methods 24 in preparing such records and invoices. ANAHEIM reserves the right to designate its own 25 employee representative(s) or its contracted representative(s) with a certified public accounting 26 firm who shall have the right to audit CONSULTANT's accounting procedures and internal 27 controls of CONSULTANT's financial systems and to examine any cost, revenue, payment, 28 claim, other records or supporting documentation resulting from any items set forth in this 1 Agreement. If CONSULTANT fails to provide supporting documentation satisfactory to 2 ANAHEIM for costs charged, then CONSULTANT agrees to reimburse ANAHEIM for those
