Common use of Record Keeping and Audits Clause in Contracts

Record Keeping and Audits. Host Organization shall account for the Contributions and their use and shall keep good and valid records of such accounts in accordance with GAAP at all times. Host Organization shall make such records, including receipts for expenditure of the Contributions and all related books, payrolls, accounts, invoices, receipts and other vouchers, available, at all times upon reasonable notice, to CABHI, the governments of Ontario and Canada and their agents (including Auditors) for inspection, auditing and the making of copies thereof. Such records shall be maintained by Host Organization for a period of time no less than seven years beyond the Start Date.

Appears in 3 contracts

Sources: Funding Agreement, Funding Agreement, Funding Agreement