Complete Memorandum Or Audit Documentation Summary

This is summary and conclusion of audit documentation.

Completion memorandum is a summary of audit documentation. Completion memorandum describes following

1. The significant matters identified during the audit

2. How they were addressed.

Such a summary may facilitate effective and efficient review and inspection of the audit documentation, particularly for large and complex audits. Further, the preparation of such a summary may assist auditor’s consideration of the significant matters.

The auditor shall document discussions of significant matters with management, those charged with governance, and others, including the nature of the significant matters discussed and when and with whom the discussions took place. If the auditor identified information that is inconsistent with the auditor’s final conclusion regarding a significant matter, the auditor shall document how the auditor addressed the inconsistency.