Common use of Audit Process Clause in Contracts

Audit Process. Either Party may, upon written notice to the other Party, conduct an audit, during normal business hours, only on the source data/documents as may contain information bearing upon the services being provided under the terms and conditions of this Attachment. An audit may be conducted no more frequently than once per 12 month period, and only to verify the other Party’s compliance with provisions of this Attachment. The notice requesting an audit must identify the date upon which it is requested to commence, the estimated duration, the materials to be reviewed, and the number of individuals who will be performing the audit. Each audit will be conducted expeditiously. Any audit is to be performed as follows: (i) following at least 45 days’ prior written notice to the audited Party; (ii) subject to the reasonable scheduling requirements and limitations of the audited Party; (iii) at the auditing Party’s sole cost and expense; (iv) of a reasonable scope and duration; (v) in a manner so as not to interfere with the audited Party’s business operations.