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Non-Disclosure Agreement With External Auditors

Amit Mamgain's Profile

non-disclosure agreement with external auditorsAs a finance department manager do I have to legally enter into a non-disclosure agreement with external auditors every year before the audit work is started?

Answers

Mark Stokes
Title: CFO
Company: Private
(CFO, Private) |

Typically client information confidentiality is covered in your engagement agreement with the audit firm, and thus there would be no need to do so separately each year. If they are a major firm I would be shocked if it were not be covered in your agreement. If it is a small firm, well, you might want to check the agreement to make sure it's handled.

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

There is no reason to re-sign a NDA unless it is written with an expiration clause. NDA's are usually written "for-ever", however in practical terms after you leave your knowledge has a declining value to your former employer. This does not relieve you of your NDA, but puts it into a more realistic focus.

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