Audit Report

Context:
- It can (often) include:
  - a statement of the scope of the audit.
  - a explanatory comments as to application of auditing procedures;
  - findings and opinions;
  - statistical tables, supplementary comments.
  - recommendations.
- …
Example(s):
- a Municipal Audit Report [1].
- an Internal Controls Audit Report, that provides an opinion on the effectiveness of an organization's internal controls.
- …
Counter-Example(s):
- an Organizational Budget.
See: Assurance Services, Disclaimer, Internal Auditor, External Auditor, Audit.

References

(Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/Auditor's_report Retrieved:2016-10-5.
- The auditor's report is a disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit or public]], among others) as an assurance service in order for the user to make decisions based on the results of the audit.
  An auditor's report is considered an essential tool when reporting financial information to users, particularly in business. Since many third-party users prefer, or even require financial information to be certified by an independent external auditor, many auditees rely on auditor reports to certify their information in order to attract investors, obtain loans, and improve public appearance. Some have even stated that financial information without an auditor's report is "essentially worthless" for investing purposes.^[1]

(City Council of Barnstable, 2016b) ⇒ Town of Barnstable. (2016). “Town of Barnstable Adopted Operating Budget - 2017."
- QUOTE: Audit report: Prepared by an independent auditor, an audit report includes: (a) a statement of the scope of the audit; (b) explanatory comments as to application of auditing procedures; (c) findings and opinions; (d) financial statements and schedules; and (e) statistical tables, supplementary comments, and recommendations. Almost always accompanied by a management letter.