Completing the Audit
The Final Stage of the Audit
The completion phase brings together all audit evidence gathered throughout the engagement. The auditor evaluates whether sufficient appropriate evidence has been obtained, reviews unresolved issues, performs final analytical procedures, obtains written representations from management, and determines the appropriate audit opinion.
- Evaluate whether audit objectives have been achieved.
- Review all significant findings and misstatements.
- Perform final quality and documentation reviews.
- Determine the appropriate audit report.
Note
The auditor should not issue an opinion until sufficient appropriate audit evidence has been obtained.
Summary
Completing the audit involves evaluating all evidence and ensuring the financial statements are fairly presented before issuing the audit report.