Lockdown allows you to comply with established standards governing the documentation an auditor should prepare and retain in connection with engagements.
How Do I?
- Locking Down a Client File
- Changing Lockdown Parameters
- Locking Down a Client File After the Completion Date
- Unlocking a Locked Client File
- Relocking a Client File
Lockdown Override Password
- Creating a Lockdown Override Password at the Template Level
- Changing the Lockdown Override Password
- Changing the Lockdown Override Password at the Template Level
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The Engagement Lockdown feature allows you to comply with the established standards governing the documentation that an auditor should prepare and retain in connection with engagements including audit of financial statements, audit of internal controls over financial reporting, and reviews of interim financial information.
This contains some helpful notes and considerations that you should become familiar with prior to locking down a file.
Use the Engagement Lockdown Wizard to lock down documents in client files. In the wizard, you can specify the timing of the lockdown, the actions performed automatically with the lockdown, as well as the context of the lockdown.
Monitor an upcoming lockdown from the Working Papers file or from Tracker.
You can add a document to a file that is already locked down or to a file that will be locked down after the document completion date.
To prevent other users from changing the lockdown state, you can create a password that must be entered to allow access to the lockdown parameters. Depending on the protection and rights of a file, passwords may or may not be required.
Working Papers enables the creation of a Reviewer Copy of an existing locked-down file to provide flexibility while complying with audit document regulations.
Filter the documents on the Document Manager to see those marked for lockdown or those that are not.
There are a few ways that you can view the lockdown status of documents in your client file. You can choose to view the individual properties of the documents, use filters, or use the Lockdown column on the Document Manager.
Once the file is locked down, several actions are automatically performed on the file. These actions are separate from the actions chosen in the Lock Down Considerations.
When the file is locked down, there are many actions that can still be performed as outlined in this topic.
When a file is in lockdown state, certain actions and functions are unavailable while some functions have restrictions placed on them.