Lesson: Work Completed During the Conclusions Stage

In this lesson, several tasks are discussed that are typically completed during the conclusion stage of an audit. These tasks include obtaining the management representation letter, preparing the draft audit report, collecting management's response to the draft report, assessing the appropriateness of management's response, and potentially revising the audit report as necessary. Lastly, Nick Palazzolo, CPA, highlights the importance of issuing the final audit report as the key deliverable of the audit engagement.