RE: After all the testing has been done, what will be ...
After all testing is done and if there are no show stopper or high defects open then we can provide the sign off. After that we should prepare Exit document which contains more or less same sections as Test Strategy. Additionally it should have problems faces during the testing like environment issues etc. It should mentioned the number of defects opened & their current status.
If any high or show stopper defect is open then we can provide the conditional sign off.