Final Review and Audit Report

Preparing to Issue the Audit Opinion

After completing all audit procedures, evaluating subsequent events, reviewing misstatements, and obtaining management representations, the auditor determines the appropriate audit opinion and finalizes the audit documentation.

• Ensure sufficient appropriate evidence has been obtained.
• Confirm documentation supports audit conclusions.
• Evaluate all significant disclosures.
• Determine whether a standard or modified opinion is appropriate.

The audit opinion is based on the totality of evidence—not any single audit procedure.