Final audit
Final audit work is performed at or after the reporting-period end to obtain evidence about year-end balances, disclosures and remaining transactions, and to complete the audit. It builds on risk assessment and any interim work; additional procedures address changes and the period not covered by earlier tests.
Worked example
After year end the auditor attends inventory counts, tests receivables and reviews subsequent events before reporting.
Common mistake
Do not assume that work performed at an interim date automatically covers the entire financial year.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Direct | September 2026–June 2027 |