§ 3.49   Agreement to be audited.

   Accounting authorities accept their certifications on condition that they
   are subject to audit of their settlement activities by the Commission or its
   representative. Additionally, the Commission reserves the right to verify
   any statement(s) made or any materials submitted to the Commission under
   these rules. Verification may involve discussions with ship owners or others
   as  well  as  the  requirement to submit additional information to the
   Commission. Failure to respond satisfactorily to any audit findings is
   grounds for forfeiture or suspension or cancellation of authority to act as
   an accounting authority for U.S. vessels.

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