An example of a condition precedent in an audit contract is access by the auditor to financial information.

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A condition precedent is a requirement that must be met before a party is obligated to perform under a contract. In an audit contract, access by the auditor to financial information is a typical condition precedent, as the auditor must have access to the necessary financial records and documentation to perform their examination. Without access, the auditor would be unable to fulfill their obligations under the contract.

An Example of a Condition Precedent in an Audit Contract