Joint Venture accounts and audit. (a) The Manager must prepare accounts for the Joint Venture reflecting the results for each Year of all transactions connected with Joint Venture Activities as disclosed by the records and accounts kept by the Manager and reflecting the Joint Venture Property in the possession or control of the Manager as at the end of such Year in accordance with this agreement (Annual Accounts) which Annual Accounts must be completed, audited by the Auditor and provided to the Joint Venturers (together with the Auditor's report) no later than 3 months after the end of the Year.
Joint Venture accounts and audit. (a) The Manager must prepare accounts for the JV Company reflecting the results for each Financial Year of all transactions connected with Joint Venture Activities in accordance with this agreement (Annual Accounts) which Annual Accounts must be completed, audited by the Auditor and provided to the Joint Venturers (together with the Auditor's report) no later than 90 days after the end of the Financial Year, together with a conversion to U.S. Generally Accepted Accounting Principles if requested by EFR and at the cost and expense of EFR.
