11-18-2004, 03:52 PM
OMG 'books of accounts !' u mean more than one set ??
Just kidding,, well those do exist but I guess more of in the 'local companies' I for one had always longed to audit such a company in my articles tenure.. but never got the opportunity. I had a friend who articled at a large National practice (with a good share of SECP clients) and the tales he had on 'sets of books' maintained !
Another legit. piece of financial information which the external auditors are restricted to be privy to are 'strategic management accounts/statements/forecasts', I'd come across instances where such information (specially detailed analysis) was refused to the external auditor on grounds of 'business secrecy'.
Just kidding,, well those do exist but I guess more of in the 'local companies' I for one had always longed to audit such a company in my articles tenure.. but never got the opportunity. I had a friend who articled at a large National practice (with a good share of SECP clients) and the tales he had on 'sets of books' maintained !
Another legit. piece of financial information which the external auditors are restricted to be privy to are 'strategic management accounts/statements/forecasts', I'd come across instances where such information (specially detailed analysis) was refused to the external auditor on grounds of 'business secrecy'.
