Common use of Record Keeping and Audits Clause in Contracts

Record Keeping and Audits. CNC shall maintain complete and ------------------------- accurate books, records and accounts relating to the CNC Services and Internet Services to support and document all charges, ▇▇▇▇▇▇▇▇, ▇▇▇▇-up amounts, and credits, in accordance with standard accounting principles consistently applied with respect to prior periods. Intuit's representatives, including any independent auditor or accounting organization retained by Intuit, shall have access to such books, records and accounts, upon reasonable notice to CNC, for purposes of reviewing, verifying and copying such books, records and accounts. Intuit shall have the right to demand such an audit up to two times in any given 12 month period. If such an audit discloses an under calculation in excess of five percent (5%) of the amount payable to Intuit, then CNC shall bear the cost of such examination, and shall promptly correct the calculation of amounts payable and pay any underpaid amount, plus interest for delinquent payments as set forth in Section 4.3.2.1 from the date such amount was due and payable.