Project Audit. DASNY shall, upon reasonable notice, have the right to conduct, or cause to be conducted, one or more audits, including field inspections, of the Grantee to assure that the Grantee is in compliance with this Agreement. This right to audit shall continue for six (6) years following the completion of the Project or earlier termination of this Agreement.
Project Audit. 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.
Project Audit. The Grantee agrees to have financial, performance, and compliance audits performed as SANDAG may require. The Grantee agrees that Project closeout will not alter the Grantee's audit responsibilities. Audit costs are allowable Project costs.
Project Audit. The Grantee understands and agrees to the following:
i. Upon Project completion pursuant to Regulation Section 1860.20, the Office of Public School Construction may notify the Grantee, the Grantee’s County Office of Education, and the State Controller’s Office that the Grantee is subject to an audit of the Project by a local auditor that is in accordance with the Guide for Annual Audits of K-12 Local Education Agencies and State Compliance Reporting. The Grantee shall retain all financial accounts, documents, and records necessary for an audit pursuant to Education Code Section 41024(a)(4) and shall provide Project documentation, if requested by the local auditor. (Authority: Regulation Section 1860.20)
ii. Project documentation that the Grantee shall provide when requested by the local auditor, for the purposes of the audits described in Education Code Section 41024, shall include, but is not limited to:
a) Proof of acreage purchased
b) Proof of site costs and adjusted site grants, where applicable c) Copy of Form SAB 70-01
Project Audit. A. The Owner, the Engineer, and the Contractor shall maintain books, records, documents, and other evidence directly related to the performance on all work receiving funding under the executed Financial Assistance Agreement in accordance with generally accepted professional practice and appropriate accounting procedures and practices. The Owner, the Engineer, and the Contractor shall also maintain the financial information and data used by the Engineer and Contractor in the preparation or support of project invoices and associated progress reports.
Project Audit. An external Auditor will perform a financial audit of the Project and report its findings to the Grant Manager.
Project Audit. On CEPI’s reasonable request, and no more often than once every [*****] the Partner shall procure the Partner’s external auditors to conduct a Project audit and to provide CEPI with audited Project statements (in accordance with ISA800) at CEPI’s cost and expense.
Project Audit. (a) At any time during or after the term of the Deed, WMF funded projects may be randomly selected for an audit, or at the Ministry’s sole discretion, the Ministry may direct that an audit of the Project be undertaken. The audit may take the form of a full technical, financial, compliance and/or health and safety audit, or a more informal assessment, of the Recipient and/or Sub-Recipient(s). The purpose of an audit is to check compliance with the terms and schedules of this Deed, the appropriate use of the Grant and/or review the Recipient’s ability to perform any obligations under or in connection with this Deed.
(b) The Ministry will inform the Recipient of an audit; and
i. Audits will usually be carried out either by a fully qualified accountant or technical specialist who is independent of the Ministry or by Ministry staff.
ii. The Recipient must promptly provide any records the Ministry may request as part of the audit prior to the agreed date and time of the on-site audit. Such records may include records held by Sub-Recipients in respect of their delivery of Project activities.
(c) At the end of the audit, the Recipient will receive a formal written document advising of the outcome
(d) In the event that the audit reveals any misappropriation of the Grant or material discrepancies (particularly those related to Deliverables), the Recipient will be liable for the costs of an audit, as well as the repayment of any misappropriated or incorrectly claimed Grant monies.
Project Audit. (a) At any time during or after the term of the Deed, the Ministry may direct that an audit of the Project be undertaken. The audit may take the form of a full technical, financial, compliance and/or health and safety audit, or a more informal assessment, of the Recipient and/or Sub-Recipient(s) to check, compliance with this Deed, appropriate use of the Grant, and/or review the Recipient’s ability to perform any obligations under or in connection with this Deed.
(b) The Ministry will inform the Recipient of an audit;
i. Audits will be carried out either by an accountant or technical specialist independent of the Ministry, or by Ministry staff.
ii. The Recipient must promptly provide any records the Ministry requests as part of the audit including records held by Sub-Recipients in respect of their delivery of Project activities.
(c) At the end of the audit, the Recipient will receive a written document advising of the outcome.
(d) In the event that the audit reveals any misappropriation of the Grant or material non compliances with this Deed (particularly those related to Deliverables), the Recipient will be liable for the costs of the audit, as well as the repayment of any misappropriated or incorrectly claimed Grant monies.
Project Audit. 1. The Project, where the value of the granted funding exceeds PLN 2 million, is subject to an obligatory external audit in the part implemented by the Project Promoter and Project Partners, whose registered offices are located in the territory of Poland.
2. The audit is an eligible cost if it covers all expenditures related to the Project implementation, expenditures of the Project Promoter and Partner/Partners, whose registered offices are located in the territory of Poland and is carried out pursuant to the Regulation No. 13/2020 of the Director of the National Science Centre.
3. The Project Promoter forwards the audit report to the NCN along with the Final Report. The Project Promoter and the Project Partner(s) are required to follow the audit recommendations and incorporate them into the Final Report. 26 In connection with the wording of Article 12 of Regulation No. 651/2014, with regard to the Projects under which state aid is granted, it is recommended to keep the Project documentation for 10 years from the date of granting the last aid tranche under the aid programme, in case of necessity to make the documentation available to the institutions other than the NCN authorised to audit the state aid granted.
4. The audit report, referred to in Art. 12.3, shall be kept by the Project Promoter for the period referred to in Art. 11.19 of the Contract and will be made available to the NCN upon any request.
5. The audit report, referred to in Art. 12.3 constitutes proof of expenditure under the Project, if the audit meets the requirements set forth in Art. 12.
6. The entity carrying out the audit is appointed by the Project Promoter following the principles referred to in Art. 9 of the Contract, and has to ensure that the audit is carried out by an auditor who meets the requirements set forth in Art. 286 of the PF Act. The entity carrying out the audit or the auditor may not be an entity or auditor dependent on the audited entity or an entity or auditor auditing the financial statements of the audited entity in the period of 3 years preceding the audit.
7. Subject to Art. 12.11, the NCN verifies the expenditures incurred, covered by the Final Report, referred to in Art. 8.1.2 of the Contract, on the basis of proof of expenditure, in the form of certificates from an independent auditor certifying that the reported costs were incurred in compliance with The Guidelines on the award of contracts under the EEA Financial Mechanism 2014-2021 and the Norwegian Fina...
