How Do You Prepare A Financial Audit Report?
A financial audit report is a report of a corporation’s financial statement accuracy. Publicly traded companies are required to undergo an audit. These audits have guidelines published by several organizations such as: GAAP, GAAS and IFRS. Audit reports are a vital function in keeping corporations honest with their financial data. This is a system of checks and balances. Audit reports are published with the Securities and Exchange Commission (SEC). Audit Report Writing Step 1 Use the standard format for all financial audit reports. The standard format follows this pattern: Introduction, Responsibilities of Directors and Auditors, Basis of Opinion and the Opinion. Develop your report using this, and no other, format. Write your report in the business letter format. This document will look and appear as any other business letter. Be clear, concise and use an economy of words. Step 2 Begin your report with a title and header that reads: “Independent Auditor’s Report.” Include the firm’s n
