Acca aa s21 Notes

September 2021 to June 2022 exams
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After the year end, the auditors will return and carry out a final audit. At this point the client should 
have prepared the financial statements and the auditor will be concentrating on obtaining sufficient 
appropriate audit evidence to express a conclusion on the financial statements.
Remember this is only a typical timetable, sometimes it has to change. For example, if it is a very tight 
reporting deadline early in January, a lot of the final audit might actually be done on the November 
financial statements and then, in early January, a review is performed to make sure that the full year’s 
results appeared to be consistent with what was audited in more detail for 11 months. Occasionally 
there might be more than one interim audit particularly if the organisation is rather dispersed and the 
auditors have to visit a number of different locations.
Usually after the interim audit, the auditor will send a 'management letter' to the client. This will 
report any weaknesses or deficiencies in internal control identified during the audit. (This is covered 
later in Chapter 12.)
WHEN YOU FINISHED THIS CHAPTER YOU SHOULD ATTEMPT THE 
ONLINE AA MCQ TEST
 
September 2021 to June 2022 exams
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Chapter 9