Overall audit review
The overall audit review near completion considers the financial statements, disclosures and evidence obtained to assess whether the auditor’s conclusions are appropriate. It may include final analytical procedures, evaluation of uncorrected misstatements and consideration of whether further work is needed.
Worked example
The auditor compares final margins with expectations, investigates a significant unexplained change and considers the cumulative effect of errors.
Common mistake
An overall review does not guarantee that every misstatement has been detected.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |