Audit Completion Procedures:

Audit completion procedures are the final steps performed by auditors to conclude an audit engagement effectively. These procedures are essential for ensuring that all necessary audit work has been performed, and the audit findings are appropriately documented before issuing the final audit report. Audit completion procedures typically include a comprehensive review of audit documentation, ensuring that it is complete, accurate, and adequately supports the audit opinion. Additionally, auditors may perform analytical procedures to assess the overall reasonableness of financial statements and to identify any potential discrepancies or anomalies. Audit completion procedures also involve obtaining management representations confirming their responsibilities, acknowledging any significant issues identified during the audit, and providing assurance on the completeness and accuracy of financial information. Finally, auditors may prepare the final audit report summarizing their findings, conclusions, and recommendations based on the results of the audit procedures performed.

Objective Question:

Which of the following is a primary objective of audit completion procedures?

A$)$ Initiating a new audit cycle

B$)$ Conducting substantive testing

C$)$ Reviewing audit documentation

D$)$ Planning the audit engagement