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professional consultant practice and principles and under the supervision of professionals licensed in the State of California. c. Consultant assumes responsibility for any and all negligence, errors or omissions that Consultant commits and any and all such negligence, errors or omissions committed by a subcontractor of Consultant in performance pursuant to this Agreement. 16. MISCELLANEOUS PROVISIONS a. Fiscal Records and Audits Consultant shall keep a correct and current accounting of payroll costs, travel, subsistence, field and incidental expenses. Consultant shall use recognized accounting methods in preparing such invoices and reports. The City reserves the right to designate its own employee representative(s) or its contracted representative(s) with a certified public accounting firm who shall have the right to audit Consultant's accounting procedures and internal controls of Consultant's financial systems and to examine any cost, revenue, payment, claim, other records or supporting documentation resulting from any items set forth in this Agreement. If Consultant fails to provide supporting documentation satisfactory to the City for costs charged, then Consultant agrees to reimburse the City for those costs. Any such audit(s) shall be undertaken by the City or its representative(s) at reasonable times during normal working hours and in conformance with generally accepted auditing standards. Consultant agrees to fully cooperate with any such audit(s). This right to audit shall extend during the length of this Agreement and for a period of three (3) years, or longer if required by law, following the date of final payment under this Agreement. Consultant agrees to retain all necessary records/documentation for the entire length of this audit period. Consultant will be notified in writing of any exception taken as a result of an audit. Any adjustments and/or payments which must be made as a result of any such audit or inspection of Consultant's invoices and/or records shall be made within thirty (30) days from presentation of the City's findings to Consultant. If Consultant fails to make such payment, Consultant agrees to pay interest, accruing monthly, at a rate of ten percent (10%) per annum unless another section of this Agreement specifies a higher rate of interest, then the higher rate will prevail. Interest will be computed from the date of written notification of exception(s) to the date Consultant reimburses the City for any exception(s). If an audit inspection or examination in accordance with this article discloses overcharges (of any nature) by Consultant to the City in excess of one percent (1 %) of the value of that portion of the contract that was audited, the actual cost of the City's audit shall be reimbursed to the City by Consultant. Consultant reserves the right to contest any exception. b. Authority. Each undersigned represents and warrants that its signature hereinbelow has the power, authority and right to bind their respective parties to each of the terms of this Agreement, and shall indemnify City fully, including reasonable costs and attorney's fees, for any injuries or damages to City in the event that such authority or power is not, in fact, held by the signatory or is withdrawn.