Complete the engagement
The Completing phase includes the documents required to conclude the engagement. For example, if your engagement is a Review, the C-100 Completing document is available.
Additional checklists, client queries and letters may also be available based on the responses you provided in Planning documents.
Some of the engagement completion tasks include:
) | Sign-offs.Complete the relevant checklists and send letters
In this step, you need to complete all available checklist documents, such as completion checklists.
Completion checklists help you determine whether sufficient evidence has been obtained to form a conclusion on the financial statements. In a Review engagement, you need to complete the C-100 Completing document, where you provide responses to questions about the engagement quality and ethical requirements.
Completion checklists are typically prepared by the file reviewer and signed off by the partner or practitioner.
You also need to send to the clients any relevant letters that you need them to review, sign and return. For example, if the C-210 Written Representation letter is available in your engagement, you can review it and send it to your clients using the C-210Q Written Representations Letter - Query to sign and return.
Issue the report and send the relevant documents to your client
To finalize the engagement work, you need to review and finalize the reports that document your findings and present a conclusion, then send those reports to your clients.
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The D-100 Reporting document guides you through forming a conclusion for a Review Engagement.
The responses populate D-110 Review Report. Review D-100 Review report for accuracy.
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The D-315 Report to Those Charged with Governance letter is a sample findings letter.
Matters that are of sufficient importance to merit the attention of management or those charged with governance are communicated in this letter.
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The D-310 Management Letter is a sample management recommendation letter.
The Management Recommendations Letter (also referred to as a Management Letter or Business Improvement Letter) is an optional, advisory communication that conveys these observations to management in a structured and constructive manner.
Once the documents are completed and signed off, you need to send the relevant documents to your client using the engagement-300Q Covering Letter Query. For example, in a Review engagement, you need to send the Financial statements and the D-110 Review report documents to your client.