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M. ACCOUNTING <br />A. Accounts and Records. The Grantee agrees to establish and maintain accurate and complete separate accounts <br />and records relating to the receipt and expenditure of any and all grant funds and cash and in -bind match items <br />for the project as set forth in Exhibit A. <br />The project accounts and records shall be retained by the Grantee during the grant period specified Section V, <br />paragraph A of this agreements and for at least three (3) years following the expiration of the grant period. <br />B. Audit. The project accounts and records of the Grantee shall be audited in the saute manner as all other <br />accounts and records of the Grantee are audited. The Grantee's project accounts and records may be audited <br />and / or inspected on the Grantee's premises or otherwise by individuals or organisations designated and <br />authorized by the MRAC at any time following reasonable notification daring the grant period specified n <br />Section V, paragraph A of this agreement, and for three (3) years following the expiration of the grant period. <br />I. DEPORTS <br />A. Interim Report. For a project whose completion date is more than six (6) months beyond the proj <br />