Common use of Auditing and Monitoring Clause in Contracts

Auditing and Monitoring. a. If the Sub-Contractor is required to have an audit or if an audit is performed, the Sub- Contractor shall forward a copy of the audit report to CACWA. b. If federal or state audit exceptions are made relating to this Contract, the Sub-Contractor must reimburse the amount of the audit exception, and any other costs including, but not limited to, audit fees, court costs, and penalty assessments. c. The Sub-Contractor shall be financially responsible for any overpayments by CACWA to the Sub-Contractor. The Sub-Contractor shall be financially responsible for any audit disallowances resulting from a federal or state audit which resulted from an action, omission or failure to act on the part of the Sub-Contractor. d. CACWA may schedule monitoring visits or a desk review with the Sub-Contractor to evaluate performance of the program. The Sub-Contractor shall provide at no further cost to CACWA reasonable access to all program-related records and materials, including financial records in support of ▇▇▇▇▇▇▇▇, and records of staff and/or subcontractor time.