Question

Describe the pros and cons of a confidentiality agreement in conducting an audit.

Answer 1

Answer:

Explanation:

The pros include—

to protect the intellectual property of one of the parties from disclosure to competitors, or

to protect some other interest from publicly that may cause harm to one of the parties,

to preserve a difficult (business) relationship that would otherwise collapse if the grievances were aired in public.

The cons include—

The agreements are not always easy to ‘police,’ provided that the breach is not made public,

The agreements are often drafted in very wide terms and this may lead to problems of interpretation and enforcement, and

Sometimes things are kept confidential that should not be, in the public interests.

I’m sure may others can elaborate on these short lists…