Accounting Department Confidentiality Agreement

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An NDA agreement is often used to protect your company when it needs to share confidential information with a potential partner, consultant or collaborator. By having the person or company sign the agreement, you have some legal protection. Patents and other proprietary information are critical to your business success in a competitive market. Privacy protection has also become more necessary and common in professional relationships. Lawyers have legal protection that allows them to speak openly to clients without fear of having to share information. Given these restrictions (and the other more detailed provisions of Section 114 of the Code), it may not be necessary to sign a confidentiality agreement. As a professional accountant, you are already bound by the fundamental principle of confidentiality in Article 114 of the ICAEW Code of Ethics. If a customer nevertheless insists on a confidentiality agreement, you should consult your company`s policies and procedures and, if applicable, contact the ethics partner/ethics function. Some companies have a policy of not signing confidentiality agreements; others have a formal internal audit process. Managers and accountants in companies are often introduced to confidential financial information.

Accountants manage finances for the company and managers often receive management accounting reports that detail accounting documents by department, department or product line. Protecting the confidentiality of this corporate financial information is an important ethical consideration for anyone who has access to it. When potential business partners or a company and a staff member discuss confidential information, NDAs help protect a company`s proprietary information. These agreements have become more common in accounting in order to protect the interests of accountants as well as the clients or companies they represent….