Your firm landed a great audit client, an up-and-coming tech company with inventions they think...
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Accounting
Your firm landed a great audit client, an up-and-coming tech company with inventions they think will change the world while making a lot of money for the owners. When they return your engagement letter, they enclose a "nondisclosure agreement" that contains, among other things, these three clauses:
1. An "as is" clause that prohibits your firm from relying on client information.
2. A return/destruction of information clause requiring you to promptly return all client confidential information or, on completion of the audit and upon their request, destroy it.
3. A clause prohibiting disclosure to third parties.
How would you respond to each of these items, balancing professional standards with the client's need to ensure the safety of their intellectual property?
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