Please enable JavaScript.
Coggle requires JavaScript to display documents.
Audit Reporting (Objectives of Audit Reporting (Provide statements of…
Audit Reporting
-
Steps
Writing the report
specific details on audit scope, objectives, methodology, conclusions, findings and recommendations are extracted from the audit work papers and inserted into the report template
-
Preparing to write
focuses on the content requirements, which are based on the type and logistics of the audit engagement, complexity of the audit subject matter, audit standards and guidelines
-
-
Reporting is an important phase of the audit process. The value of the audit is communicated to the readers of the report
The audit report is the primary means of communicating the results of an audit to the client or auditee, oversight bodies, or other stakeholders
For some audit engagements, audit reports are also distributed to external parties, such as the general public or governmental agencies that have regulatory authority over the audit entity