Required Record Keeping Practices Clause Samples
The Required Record Keeping Practices clause mandates that parties maintain accurate and complete records related to their activities under the agreement. Typically, this involves keeping documentation such as invoices, correspondence, and transaction logs for a specified period, and may require that these records be made available for inspection upon request. The core function of this clause is to ensure transparency and accountability, enabling verification of compliance and facilitating audits if necessary.
Required Record Keeping Practices. The Contractor shall maintain in a true and accurate manner and in accordance with GAAP, such accounts, books, records and data as necessary for an independent certified public accountant to perform an audit or examination of the Contract’s financial statements, including balance sheet and income statements in accordance with GAAP and with generally accepted auditing standards. This includes, but is not limited to: general ledgers, subsidiary ledgers and account records, revenue journals, daily or periodic summary reports, inventory and purchasing records, cash register or computer terminal tapes, point of sale records, bank deposit slips, bank statements, tax reports filed with federal, state, county, city or other agencies, discount or rebate agreements, and records of refunds, subtenants or third parties and all documentation and records that support the Contractor’s activities, transactions and financial results of the Contract.
Required Record Keeping Practices. The Concessionaire Tenant shall maintain in a true and accurate manner and in accordance with Generally Accepted Accounting Principles (GAAP), such accounts, books, records and data as necessary for an independent certified public accountant to perform an audit or examination of the Concessionaire Tenant’s financial statements including balance sheet and income statements in accordance with GAAP and with generally accepted auditing standards. This includes, but is not limited to: general ledgers, subsidiary ledgers and account records, revenue journals, daily or periodic summary reports, inventory and purchasing records, cash register or computer terminal tapes, point of sale records, bank deposit slips, bank statements, debit and credit card service statements, bank reconciliations, payroll records, journal entries, tax reports filed with federal, state, county, city, or other agencies, discount or rebate agreements, and records of refunds, subtenants or third parties relating to this Agreement.
Required Record Keeping Practices. The Contractor shall maintain in a true and accurate manner and in accordance with Generally Accepted Accounting Principles (GAAP), such accounts, books, records and data as necessary for an independent certified public accountant to perform an audit or examination of the Contract financial statements including balance sheet and income statements in accordance with GAAP and with generally accepted auditing standards. This includes, but is not limited to: general ledgers, subsidiary ledgers and account records, revenue journals, daily or periodic summary reports, inventory and purchasing records, cash register or computer terminal tapes, point of sale records, bank deposit slips, bank statements, tax reports filed with federal, state, county, city or other agencies, discount or rebate agreements, and records of refunds, subtenants or third parties and all documentation and records that support the Contractor’s activities, transactions and financial results of the Contract.