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Non Disclosure Agreement For Auditors
"I need a Non-Disclosure Agreement For Auditors under Austrian law for our upcoming group-wide financial audit in March 2025, covering our main company and 5 subsidiaries, with specific provisions for cross-border data transfers within the EU."
1. Parties: Identification of the contracting parties - the company/organization and the auditor/auditing firm
2. Background: Context of the audit engagement and reason for the NDA
3. Definitions: Key terms including 'Confidential Information', 'Audit Services', 'Permitted Purpose', 'Authorized Representatives'
4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the audit context
5. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of confidential information
6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including statutory audit requirements
7. Data Protection and GDPR Compliance: Specific provisions relating to handling of personal data under Austrian law and GDPR
8. Security Measures: Required measures for protecting confidential information
9. Return or Destruction of Confidential Information: Procedures for handling confidential information after the engagement
10. Duration and Survival: Term of the agreement and surviving obligations
11. Governing Law and Jurisdiction: Specification of Austrian law and jurisdiction
1. Professional Obligations Override: Section to be included when specific professional standards or regulatory requirements need to be acknowledged as taking precedence over confidentiality obligations
2. Group Company Provisions: Include when the audit involves group companies or subsidiaries
3. Third-Party Access: Include when other service providers or consultants may need access to information
4. International Transfer of Data: Include when audit information may need to be transferred outside Austria
5. Conflict Resolution: Optional detailed dispute resolution procedures, including potential mediation
6. Insurance Requirements: Include when specific professional indemnity insurance requirements need to be specified
1. Schedule 1 - Scope of Audit Services: Detailed description of the audit services to be provided
2. Schedule 2 - Security Protocols: Specific security measures and protocols to be followed
3. Schedule 3 - Authorized Representatives: List of authorized personnel who may access confidential information
4. Appendix A - Data Processing Agreement: GDPR-compliant data processing terms if personal data processing is involved
5. Appendix B - Information Classification Guidelines: Guidelines for classification and handling of different types of confidential information
Authors
Financial Services
Banking
Insurance
Manufacturing
Retail
Technology
Healthcare
Energy
Telecommunications
Professional Services
Real Estate
Public Sector
Non-Profit Organizations
Legal
Finance
Compliance
Internal Audit
Risk Management
Data Protection
Information Security
Executive Leadership
Corporate Governance
Treasury
Chief Financial Officer
Financial Controller
Audit Partner
Senior Auditor
Audit Manager
Internal Audit Director
Compliance Officer
Legal Counsel
Data Protection Officer
Risk Manager
Financial Director
Company Secretary
Chief Executive Officer
Chief Operating Officer
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