Common use of Audit and Evaluation Clause in Contracts

Audit and Evaluation. 11.5.1 The Province will share with Canada the results of any audit (financial or otherwise), prepared by or on behalf of the Province in respect of funds received under this Agreement within ninety (90) calendar days of the completion of such audit. 11.5.2 Canada may initiate an audit of EMBC’s accounts and records relating to the Agreement for a period of up to seven (7) years following the expiration or termination of this Agreement to ensure compliance with the terms of the Agreement. 11.5.3 The scope, coverage and timing of any such audits will be determined by both parties and be carried out by external auditors. The Province will provide to the auditors in a timely manner, any records, documents and information necessary to conduct the audit and shall provide such other information as may be reasonably required upon request by the auditors. 11.5.4 Canada and the Province agree on the importance of assessing what has been accomplished in terms of the objectives and expected results outlined in this agreement. The Province is responsible for the evaluation of its programs and measures under its jurisdiction. The Province agrees to share with Canada the public results of those evaluations related to this agreement. Canada’s programs are routinely subject to evaluation. Canada may request input from EMBC in such evaluations and may use the information provided under the agreement to evaluate the project. If additional information is required, such information shall be discussed between Canada and the Province.