What is Audit Report?

An audit report is basically a report that is used to summarize the findings of a certain audit, to point out the issues during audit, to suggest different remedial measures and action and also gives an idea about the action plans that are suggested by the company management to the company. An audit report format is that sample that is used to prepare audit reports. Generally the structure of an audit report is consisting of five essential elements. The first one is the condition that describes the problems found in the process during audit. The second one is criteria that indicates that criteria which is not met by the company. This criteria means quality standards, accounting policies, company policy document etc. The third element is ’cause’ that means that what are the reasons of problems in the process.

Audit Report Sample

The fourth element is consequence that describes that what can be the result or outcome of the problems in the process. And the last element of an audit report structure is corrective action that suggest the company management the action that require to be taken to rectify the problems, how and by when. The most important thing to remember that the main purpose behind any audit is not a fault finding approach but an effort to make the company process right if it is not properly being followed. An audit report sample can be found online by all those beginners who are looking forward to write an audit report. This sample can be downloaded for free and used by make necessary changes as per requirement.

Create your own Audit Report by using the following template,

Audit Report Template

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What is Audit Report?An audit report is basically a report that is used to summarize the findings of a certain audit, to point out the issues during audit, to suggest different remedial measures and action and also gives an idea about the action plans that are suggested by the...