Complete the engagement

Complete the documents in the Completion section of the Documents page.

Completion is divided into these folders:

• Identified misstatements

• Deficiencies and material weaknesses in internal control

• Evaluate audit evidence and audit findings

• Financial statements preview

• Reporting

• Q1-Q3 interim review

• Q4 quarterly review

• Client correspondence

• Management representations

• Engagement wrap-up

Complete the documents in the Concluding and reporting phase in the following sequence:

1. 7-100 Summary of misstatements

   Use this to document misstatements identified during the audit and to evaluate:

   • The effect of identified misstatements (including those in qualitative financial statement disclosures) on the audit.

   • The effect of any uncorrected misstatements on the financial statements.

2. 7-150 Summary of identified misstatements checklist

   Use this in combination with 7-100 Summary of identified misstatements to document misstatements identified during the audit and to evaluate:

   • The effect of identified misstatements (including those in qualitative financial statement disclosures) on the audit.

   • The effect of any uncorrected misstatements on the financial statements.

Complete the documents in the Evaluate audit evidence and audit findings folder in the following sequence:

1. 7-200 Documentation checklist

   Use this document to evaluate audit evidence.

2. 7-300 Engagement quality control review checklist

   Use this document when an EQR is required to identify whether the audit complies with professional standards and applicable legal and regulatory requirements.

3. 7-400 Significant decisions, audit findings and matters for future consideration

   Use this to document significant matters arising during the audit, the conclusions reached and the professional judgments made in reaching those conclusions.

   This checklist consists of three tables where you can document:

   • Significant decisions.

   • Matters for future consideration.

   • Audit findings and matters for discussion.

Complete these documents in the Financial statements preview folder in the following sequence:

1. 7-450 Financial statement preview

   The financial statement preview document presents the trial balance information across balance sheet and income statement accounts and any adjustments posted in the audit engagement. You can review existing information and make modifications or customizations.

Complete these documents in the Engagement wrap-up folder in the following sequence:

1. 8-750 Partner and manager summary

2. 8-800 Audit completion checklist

   Use this to report audit findings to your audit client.

3. 8-850 Consideration of omitted procedures after the report release date

4. 8-900Q End of engagement - Client deliverables queries

   Use this to request your client's final deliverables (for example, audited financial statements, the auditor's report, appropriate letters). Before this is sent, a reviewer from your accounting firm, typically a manager or partner, should review the work performed by the staff who completed the audit engagement.