Common use of REPORTING AND AUDIT REQUIREMENTS Clause in Contracts

REPORTING AND AUDIT REQUIREMENTS. (a) An Approved Applicant shall provide any information whatsoever that FRIAA requests respecting any Proposal, Project or request for Funds, and this provision shall be a requirement of the Approval. This information may be required to be provided in a form prescribed by FRIAA from time to time. (b) At any time FRIAA may request and shall receive from any Approved Applicant: (i) a report from an independent, qualified accountant, in accordance with the (ii) performance of an audit, or prompt, complete responses to audit inquiries or requests; (iii) financial reports co-ordinated to FRIAA’s fiscal year end for each Project detailing how much has been spent for the specific Project and how much remains by approved cost categories; (iv) the submission of technical reports, co-ordinated to the Approved Applicant’s fiscal year end for each Project summarizing the Eligible Activities completed and what remains to be done; and (v) an end-of-Project technical report summarizing the results of the Project. (c) FRIAA has a right to conduct random audits on Projects and shall conduct random sample audits and post-Project audits from time to time as may be considered appropriate or expedient at the sole discretion of FRIAA.

REPORTING AND AUDIT REQUIREMENTS. (a) An Approved Applicant shall provide any information whatsoever that FRIAA requests respecting any Proposal, Project or request for Funds, and this provision shall be a requirement of the Approval. This information may be required to be provided in a form prescribed by FRIAA from time to time. (b) At any time FRIAA may request and shall receive from any Approved Applicant: (i) a report from an independent, qualified accountant, in accordance with the (ii) performance of an audit, or prompt, complete responses to audit inquiries or requests; (iii) financial reports co-ordinated to FRIAA’s fiscal year end for each Project detailing how much has been spent for the specific Project and how much remains by approved cost categories; (iv) the submission of technical reports, co-ordinated to the Approved Applicant’s fiscal year end reports for each Project summarizing the Eligible Activities completed and what remains to be done; and (v) an end-of-end of Project technical report summarizing the results of the Project.Project including: A. a detailed list of the areas treated for restoration of caribou habitat in a manner prescribed by FRIAA; B. a description of activities, area (cha or km) FRIAA has a right to conduct random audits on Projects and shall conduct random sample audits date of completion by activity completed for each treatment area, and post-Project audits all other reporting requirements as prescribed by FRIAA, from time to time as may be considered appropriate or expedient at the sole discretion of FRIAA.time; and