Common use of Reporting Requirements and Audit Clause in Contracts

Reporting Requirements and Audit. 5.1 The Recipient must report on the progress of the Project to the Ministry: (a) as set out in the Details; (b) as otherwise reasonably required by the Ministry; and (c) in any format and on any medium reasonably required by the Ministry. 5.2 The Recipient must: (a) maintain true and accurate records in connection with the use of the Funding and the carrying out of the Project sufficient to enable the Ministry to meet its obligations under the Public Finance Act 1989 and retain such records for at least 7 years after termination or expiry of this Agreement; (b) permit the Ministry, at the Ministry’s expense, to inspect or audit (using an auditor nominated by the Ministry), from time to time until 7 years after termination or expiry of this Agreement, all records relevant to this Agreement; (c) allow the Ministry reasonable access to the Recipient’s premises or other premises where the Project is being carried out; and (d) appoint a reputable firm of chartered accountants as auditors to audit its financial statements in relation to the use of the Funding;

Reporting Requirements and Audit. 5.1 The Recipient must report on the progress of the Project to the Ministry: (a) as set out in the DetailsSchedule 1; (b) as otherwise reasonably required by the Ministry; and (c) in any format and on any medium reasonably required by the Ministry. 5.2 The Recipient must: (a) maintain true and accurate records in connection with the use of the Funding and the carrying out of the Project sufficient to enable the Ministry to meet its obligations under the Public Finance Act 1989 Xxx 0000 and retain such records for at least 7 years after termination or expiry of this Agreement; (b) permit the Ministry, at the Ministry’s expense, to inspect or audit (using an auditor nominated by the Ministry), from time to time until 7 years after termination or expiry of this Agreement, all records relevant to this Agreement, including audit of the Recipient’s financial statements, its receipt of any Funding, allocation, use and distribution of any Funding, and associated processes; (c) allow the Ministry reasonable access to the Recipient’s premises or other premises where the Project is being carried out; and (d) appoint a reputable firm of chartered accountants as auditors to if an audit its financial statements in relation to the use under clause 5.2(b) reveals any material non-compliance with this Agreement, bear all of the Funding;Ministry’s costs in carrying out that audit, in addition to any other rights and remedies the Ministry may have in respect of the non-compliance.

Reporting Requirements and Audit. 5.1 The Recipient must report on the progress of the Project to the Ministry: (a) as set out in the Details; (b) as otherwise reasonably required by the Ministry; and (c) in any format and on any medium reasonably required by the Ministry. 5.2 The Recipient must: (a) maintain true and accurate records in connection with the use of the Funding and the carrying out of the Project sufficient to enable the Ministry to meet its obligations under the Public Finance Act 1989 Xxx 0000 and retain such records for at least 7 years after termination or expiry of this Agreement; (b) permit the Ministry, at the Ministry’s expense, to inspect or audit (using an auditor nominated by the Ministry), from time to time until 7 years after termination or expiry of this Agreement, all records relevant to this Agreement; (c) allow the Ministry reasonable access to the Recipient’s premises or other premises where the Project is being carried out; and (d) appoint a reputable firm of chartered accountants as auditors to audit its financial statements in relation to the use of the Funding;

Reporting Requirements and Audit. 5.1 The Recipient must report on the progress of the Project to the Ministry: (a) as set out in the DetailsSchedule 1; (b) as otherwise reasonably required by the Ministry; and (c) in any format and on any medium reasonably required by the Ministry. 5.2 The Recipient must: (a) maintain true and accurate records in connection with the use of the Funding and the carrying out of the Project sufficient to enable the Ministry to meet its obligations under the Public Finance Act 1989 Xxx 0000 and retain such records for at least 7 years after termination or expiry of this Agreement; (b) permit the Ministry, at the Ministry’s expense, to inspect or audit (using an auditor nominated by the Ministry), from time to time until 7 years after termination or expiry of this Agreement, all records relevant to this Agreement; (c) allow the Ministry reasonable access to the Recipient’s premises or other premises where the Project is being carried out; and (d) appoint a reputable firm of chartered accountants as auditors to audit its financial statements in relation to the use of the Funding;.

Reporting Requirements and Audit. 5.1 The Recipient must report on the progress of the Project to the Ministry: (a) as set out in the Details; (b) as otherwise reasonably required by the Ministry; and (c) in any format and on any medium reasonably required by the Ministry. 5.2 The Recipient must: (a) maintain true and accurate records in connection with the use of the Funding and the carrying out of the Project sufficient to enable the Ministry to meet its obligations under the Public Finance Act 1989 and retain such records for at least 7 years after termination or expiry of this Agreement; (b) permit the Ministry, at the Ministry’s expense, to inspect or audit (using an auditor nominated by the Ministry), from time to time until 7 years after termination or expiry of this Agreement, all records relevant to this Agreement; (c) allow the Ministry reasonable access to the Recipient’s premises or other premises where the Project is being carried out; and (d) appoint a reputable firm of chartered accountants as auditors to audit its financial statements in relation to the use of the FundingFunding if requested to do so by the Ministry;

Reporting Requirements and Audit. 5.1 4.1. The Recipient must report on the progress of the Project Initiatives to the Ministry: (a) as set out in the Details; (b) as otherwise reasonably required by the Ministry; and (c) in any format and on any medium reasonably required by the Ministry. 5.2 4.2. The Recipient must: (a) maintain true and accurate records in connection with the use of the Funding and the carrying out of the Project Initiatives sufficient to enable the Ministry to meet its obligations under the Public Finance Act 1989 and retain such records for at least 7 years after termination or expiry of this Agreement; (b) permit the Ministry, at the Ministry’s expense, to inspect or audit (using an auditor nominated by the Ministry), from time to time until 7 years after termination or expiry of this Agreement, all records relevant to this Agreement; (c) allow the Ministry reasonable access to the Recipient’s premises or other premises where the Project is Initiatives are being carried out; and (d) appoint a reputable firm of chartered accountants as auditors to audit its financial statements in relation to the use of the Funding;