An audit report is a formal document that details the findings of an audit. It includes information on the auditor’s procedures, the scope of the audit, and the auditor’s opinion on the financial statements. The five main sections of an audit report are:
1. Report title
2. Introductory paragraph
3. Audit scope
4. Findings and recommendations
5. Audit opinion
The report title should include the name of the organization being audited and the period of the audit. The introductory paragraph should briefly describe the purpose of the audit. The audit scope section should describe the auditor’s procedures and the scope of the audit. The findings and recommendations section should detail any areas where the auditor found problems or non-compliance with regulations. The audit opinion section should state whether the auditor believes the financial statements are presented fairly, in all material respects.