Common use of Audit Planning Clause in Contracts

Audit Planning. 3.1 Customers will be contacted by phone and notified of the intention to audit. An official notification will then be issued by e-mail stating the agreed audit date and outlining the scope of the audit. 3.2 Both the auditor and the audited party should co-operate in planning the audit (e.g. by exchange of correspondence and/or meetings) to ensure that: (i) the period, timing, product(s), scope and location(s) subject to audit are identified; (ii) all records necessary for the audit are identified and made available for inspection, including; (iii) Enablement reports from permissioning systems for the entire audit period. (iv)All datafeed access declarations submitted to vendors during the audit period.

Audit Planning. 3.1 Customers will be contacted by phone and notified of the intention to audit. An official notification will then be issued by e-mail stating the agreed audit date and outlining the scope of the audit. 3.2 Both the auditor and the audited party should co-operate in planning the audit (e.g. by exchange of correspondence and/or meetings) to ensure that: (ia) the period, timing, product(s), scope and location(s) subject to audit are identified; (iib) all records necessary for the audit are identified and made available for inspection, including; (iii) 1. Enablement reports from permissioning systems for the entire audit period. 2. (iv)All All datafeed access declarations submitted to vendors during the audit period. 3. A list of all users considered to be non chargeable and details of their role.