Access to the External Reviewer
In many countries, audit files are subject to review by external regulators like The Institute or the Audit Oversight Boards.
In previous borland database version, there is a possibility to give audit file to the reviewer for a particular client and for a particular year as a backup. This is the secured practice to give access to external reviewer to that extent he or she required.
However, in the updated version, you can not restrict external reviewer to the required year. If you give access to reviewer to the client, he or she can access previous years without any permission. This may cause undue hardship for many firms.
It is requested to develop a mechanism whereby restricted access to be given to the External reviewer. The choice of the financial year must be in the hands of audit firm.
Regards
Yameen
Muhammad Yameen
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