PARTNER COMPLETION MEMORANDUM
Client:
Accounting period end:
I acknowledge my responsibility for the overall quality of this audit. The audit was carried out in accordance with
International Standards on Auditing (Ireland and UK), ethical standards and in compliance with the Institute audit
regulations.
Significant Audit matters and audit response to these matters
Significant audit matter
Audit conclusion on matter
General
The approved audit plan (including amendments) as documented on file and the firm’s quality control procedures
were all followed in conducting this audit. The audit team and I have maintained an appropriate degree of
professional scepticism throughout the assignment. The financial statements were adjusted to reflect final
adjustments made as a result of errors discovered as part of the audit process (other than any immaterial errors
shown on the unadjusted error schedule). All meetings with the client in relation to the audit are fully documented on
the audit file. The financial statements were reviewed to ensure compliance with GAAP and Company Law
requirements.
Ethical and independence considerations
All audit staff were alert for relationships or situations that may give rise to a situation covered by the ethical
standards or cause a threat to our independence. To assist in this consideration the matters set out in our audit
programme (Schedule B1) in relation to this matter were considered. I am satisfied that my firm and I have complied
with the ethical standards of our Institute and the Auditing Practices Board.
Acceptance and appointment as Auditor
As a firm we have considered the appropriateness of the firm accepting appointment as auditor to the company. In
arriving at this decision due consideration was given to any prohibition in law that would prevent the firm from acting
as auditor to the company. I have reviewed the relevant section of the audit programme in respect of appointment /
reappointment (Schedule B1) and I am satisfied all relevant matters were considered. No matters were identified
which would lead to us not accepting appointment.
Credibility of the financial statements
The financial statements are consistent with my knowledge of the business, the results of our audit work and our
knowledge of the industry/sector in which they operate. The information presented in the directors' report is
consistent with the financial statements.
Accounting estimates
I have considered all the significant accounting estimates included in the financial statements and I am satisfied that
these are reasonably stated. The total of the accounting estimates in aggregate is not biased in any one direction
which would distort the financial position shown by the accounts.
Undisclosed guarantees or contingencies
I considered the possibility and risk of undisclosed guarantees or contingencies arising and made enquiries to
ascertain if any matters in this regard arose. I did not become aware of any matters.
Fraud
The audit team and I were alert to the dangers of misstatement arising from fraud. I am satisfied that the audit work
undertaken to identify misstatements arising from fraud was adequate.
Going concern basis
Based on the going concern review undertaken I am satisfied that it is appropriate for the financial statements to be
prepared on a going concern basis.
Subsequent events
I am satisfied that adequate audit procedures were undertaken to identify both adjusting and non adjusting post
balance sheet events that may have occurred up to today’s date.
Report to third parties
During the course of our audit work no suspected or actual non-compliance with law or regulations was identified
that gives rise to a statutory duty to report to an appropriate authority. No matters arose in relation to compliance
with law and regulation that would cast doubt on the integrity of the directors.
Books of account
The accounting records maintained by the company satisfy the requirements of the Companies Act 1963-2013 in
relation to the obligation to keep proper books of account.
Communications with the Board of Directors
I have considered the communications that have occurred between the board of directors and the Auditor. I am
satisfied that the level of communication was appropriate for an effective audit to be undertaken.
Related parties
The financial statements adequately disclose related party transactions and sufficient audit procedures were
undertaken to identify any possible misstatements of the financial statements arising from failure to disclose related
party transactions.
Conclusions
I confirm that all audit work papers were reviewed; review queries cleared and all outstanding points are now dealt
with to my satisfaction. I have reviewed the final financial statements and confirm that the audit report appended to
the financial statements is appropriate in light of the audit evidence gathered and recorded on this audit file. In my
opinion sufficient and appropriate audit evidence was obtained to support the audit opinion to be issued on the
financial statements. I have obtained reasonable assurance that the financial statements are in agreement with the
books of account, comply with GAAP, make adequate disclosure and are presented in accordance with legal and
professional requirements. The content of the Directors Report is consistent with the financial statements. The
financial statements present a true and fair view subject to the wording of the audit report appended to the financial
statements.
Signed ______________________
Responsible Individual
Date____________________