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AUDIT REPORT
It is basically a report prepared by the auditor after examining
the accounts of a company.
The audit report is the report that contains the audit’s
opinion which is issued by independent auditors after their
examination on the entity’s financial statements and related
reports.
Those including financial statements, management accounts,
management reports. or others report like compliant reports.
USERS OF AUDIT REPORT
• Investors use audit reports and audited financial statements to assess the
entity’s financial performance and financial position for their investment
opportunity.
• The Government Agency uses the audit reports and financial statements to
assess the completeness and accuracy of the tax declaration.
• Shareholders and the Board of Directors use the audit report to assess the
integrity of management and transparency of financial statements.
TYPES OF AUDIT REPORT
1.CLEAN AUDIT REPORT