What it is
A peer reviewer can select any engagement in the period. A tracker that shows which files are ready, which are late and which have open items turns peer review preparation into a routine instead of a scramble.
For each engagement the workbook computes the assembly deadline from the report release date and records ten checks: engagement letter, independence, planning, representation letter, review notes, EQ review, report agreement, disclosure checklist, quality control and standard-specific checklists. The summary shows Ready counts by type.
When to use it
- Throughout the year, as engagements close.
- Before a scheduled peer review.
- In the firm’s monitoring program.
What’s inside
- 50 engagements with release date, deadline and assembly date
- Ten readiness checks and open item count
- Status formula: Ready, Not ready, Assembly late, Incomplete
- Summary by engagement type
Standard cited
This template follows AU-C 230 / SQMS No. 1. It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use. See AU-C 230 explained.
Questions
What is the assembly deadline?
AU-C 230 asks the auditor to complete the assembly of the final audit file on a timely basis and not later than 60 days following the report release date. The workbook uses 60 days and the number can be changed for other engagement types.
Does this select engagements for review?
No. The reviewer makes that selection. The tracker shows how ready your files are.
What if a check does not apply?
Mark N/A. It does not count as an open item.
Related templates
- Peer Review Readiness Checklist
- Peer Review Preparation Checklist: System Review
- Peer Review Preparation Checklist: Engagement Review
- Audit Completion and Partner Review Memo
Last updated 11/05/2026. All free templates.