Common use of Accounts and Audits Clause in Contracts

Accounts and Audits. a. Prior to the Project Completion and for three (3) years after the expiration of this Agreement, as described in Article 3 (Duration of the Agreement), the Ultimate Recipient shall, at its own expense. i. keep proper and accurate books, accounts, and records of its revenue received and expenses Incurred and Paid in connection with the Project and shall keep its invoices, receipts, and vouchers relating thereto; ii. keep proper and accurate records of all data, analyses, and other scientific or technical assessments and reports, and any and all information relating to the outputs and outcomes of the Project ; iii. on demand, make available to the Minister such books, accounts, records, invoices, receipts, and vouchers referred to above and permit the Minister to examine and audit and take copies and extracts from such documents; iv. allow the Minister, at the Minister’s own expense and discretion, to conduct a technical audit to verify that the proposed measures outlined in Schedule B (Description of the Project ) were implemented in accordance with this Agreement; and v. allow the Minister, at the Minister’s own expense and discretion, to conduct an audit to verify the accuracy of reports submitted under the Reports Article.