Common use of ACCOUNTING AND OTHER INFORMATION Clause in Contracts

ACCOUNTING AND OTHER INFORMATION. 11.1 [LAPC] shall at all times maintain effective and appropriate control systems in relation to its financial, accounting and record-keeping functions. Without prejudice to the generality of the foregoing, [LAPC] shall at all times maintain accurate and complete accounting and other financial records including all corporation tax computations and related documents and correspondence with HM Revenue & Customs in accordance with the requirements of all applicable laws and generally accepted accounting principles applicable in the United Kingdom. 11.2 The Council and its authorised representatives shall be allowed access at all reasonable times to examine the books, accounts, documents and records of [LAPC] and to discuss [LAPC’s] affairs, finances and accounts with its Directors and senior management and the Company shall permit such persons to discuss such matters with the Council and its authorised representatives. The Council and its authorised representatives shall be entitled to make copies of such books, accounts, documents and records as it/they consider appropriate. 11.3 [LAPC] shall supply the Council with the financial and other information necessary to keep the Council informed about how effectively the Business is performing and in particular shall supply the Council with: (a) a copy of each year's Business Plan for approval in accordance with clause 10.3; (b) a copy of each business case prepared pursuant to clause 6.5(a); (c) a copy of the audited accounts of [LAPC] prepared in accordance with the laws applicable in and the accounting standards, principles and practices generally accepted in the United Kingdom, within two