Common use of Audit of Books and Records Clause in Contracts

Audit of Books and Records. A. Contractors agree to submit all business records, books and reports pertaining to the payment of wages and fringes including Federal and State payroll tax returns and reports to the Joint Conference Board, or the Trustees of any Trust or their designated auditors or representatives at their place of business within the geographical jurisdiction of this agreement, within twenty-four (24) hours of demand made by the Joint Conference Board or Trustees discretion. The auditor or representative will take his report back to the Joint Conference Board or Trustees for their decision. If the contractor is delinquent, he shall, in addition to paying the delinquency, stand the expense of auditing, except if the delinquency is of a minor nature, in which case the payment shall be at the Trustees. If found not to be delinquent, the expense of the audit shall be borne by the Trusts so demanding the audit. B. The Employer expressly waives the provisions of Sections 19282 and 19283 of the California Revenue and Taxation Code Sections and 1094 and 2111 of the California Un- employment Insurance Code and Sections 6103, and 7213 of the Internal Revenue Code.