Selection of Auditor. The audit(s) must be performed by an independent third-party auditor, except that DOL may agree to conduct the Permissible Use audit if requested by Licensee. Licensee may select the independent auditor providing that at a minimum the audit will be conducted consistent with national/international audit standards established by a certifying organization such as the Information Systems Audit and Control Association (ISACA), ANSI-ASQ National Accreditation Board (▇▇▇▇), American Institute of Certified Public Accountants’ (AICPA), or other nationally recognized certification. Alternatively, if the Licensee chooses not to select its own independent auditor, or if DOL does not accept the audit pursuant to 46.12.630, DOL will then select the auditor on the Licensee’s behalf. If DOL selects the auditor, Licensee must hold DOL and its selected auditor harmless from any real or perceived damages to the Licensee’s company as a result of the audit findings. Licensee has the option to collaborate with DOL in advance to develop the specifics for the scope of either audit, and to predetermine whether an auditor selected by the Licensee meets the standards necessary for DOL’s approval.
Appears in 2 contracts
Sources: Vehicle Data Sharing Agreement, Data Sharing Agreement