Purchase Order Auditor in Germany Frankfurt –Free Word Template Download with AI

This Purchase Order is issued by Meridian Industrial Holdings GmbH & Co. KG (hereinafter referred to as the "Purchaser") to engage the services of Frankfurt Audit & Compliance Partners GmbH (hereinafter referred to as the "Auditor") for the provision of comprehensive statutory and internal audit services. The Auditor shall perform all duties in accordance with the German Commercial Code (Handelsgesetzbuch – HGB), the German Stock Corporation Act (Aktiengesetz – AktG), and applicable International Standards on Auditing (ISA) as adopted in Germany. All audit work shall be conducted at the Purchaser's principal offices located in Germany Frankfurt, specifically at the address stated in the header of this Purchase Order, unless otherwise agreed in writing by both parties.

1. Governing Law: This Purchase Order and the resulting Auditor engagement shall be governed by and construed in accordance with the laws of the Federal Republic of Germany. Any disputes arising from or in connection with this Purchase Order shall be subject to the exclusive jurisdiction of the competent courts in Frankfurt am Main, Germany.
2. Performance Period: The Auditor shall commence services no later than 1 July 2025 and shall complete all deliverables by 30 November 2025. All on-site work shall take place at the Purchaser's premises in Germany Frankfurt, or at such other locations within the Frankfurt metropolitan area as mutually agreed.
3. Payment Terms: Payment shall be made within 30 days of receipt of a valid invoice from the Auditor. Invoices shall be submitted to the Purchaser's Accounts Payable department in Frankfurt. Late payments shall accrue interest at the statutory rate under § 288 of the German Civil Code (BGB).
4. Confidentiality: The Auditor acknowledges that all financial data, trade secrets, and proprietary information accessed during the audit engagement in Germany Frankfurt are strictly confidential. The Auditor shall maintain confidentiality in accordance with § 43 of the German Audit Act (Wirtschaftsprüferordnung – WPO) and shall not disclose any information to third parties without prior written consent.
5. Independence and Objectivity: The Auditor warrants that it and its assigned audit team members are independent of the Purchaser in accordance with the independence requirements of the WPO and the International Ethics Standards Board for Accountants (IESBA) Code. The Auditor shall promptly disclose any circumstances that may impair independence.
6. Deliverables: The Auditor shall deliver a final audit report, management letter, and all supporting working papers within 15 business days of the completion of fieldwork. All reports shall be prepared in English and, where required by German regulatory authorities, in German.
7. Termination: Either party may terminate this Purchase Order with 30 days' written notice. In the event of termination, the Purchaser shall pay for all services rendered up to the date of termination. The Auditor shall return all documents and data belonging to the Purchaser within 10 business days of termination.
8. Liability: The Auditor's liability for damages arising from this engagement shall be limited to the total value of this Purchase Order, except in cases of gross negligence, willful misconduct, or violation of fundamental obligations. The Auditor shall maintain professional indemnity insurance with a minimum coverage of EUR 2,000,000 per claim.
9. Force Majeure: Neither party shall be liable for delays or failures in performance resulting from events beyond reasonable control, including but not limited to natural disasters, pandemics, or government-mandated closures affecting operations in Germany Frankfurt.
10. Entire Agreement: This Purchase Order, together with any attached schedules and the Auditor's standard terms of engagement, constitutes the entire agreement between the parties. No modification shall be valid unless made in writing and signed by authorized representatives of both parties.

By signing below, both parties acknowledge and agree to the terms set forth in this Purchase Order for the engagement of the Auditor for the services described herein, to be performed in and around Germany Frankfurt.