Audit Report
/ˈɔː.dɪt rɪˌpɔːrt/
Definitions
- (n.) A formal written document presenting the findings of an audit, typically regarding financial statements or compliance.
The auditor presented the audit report to the company's board of directors.
- (n.) A document summarizing the results of an examination of an organization's accounts and internal controls, often used for regulatory or legal compliance.
The government requested the audit report to ensure adherence to tax laws.
Forms
- audit reports
Related terms
See also
Commentary
An audit report must be clear and precise, as it can have legal consequences regarding financial accuracy and regulatory compliance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.