Surgent's Avoiding Audit Documentation and Engagement Wrap-Up Deficiencies (ADED)

Description

Important activities occur during the engagement wrap-up phase of the engagement that support the auditor's opinion regarding whether the financial statements are materially misstated due to fraud or error. Insufficient audit documentation and engagement wrap-up can result in audit deficiencies that negatively impact audit effectiveness and efficiency. Appropriate quality control procedures can mitigate risk of noncompliance with relevant professional and regulatory standards.

Designed For

Anyone who supervises audits or is responsible for quality control