Audit report template is widely used by accountants when they want to publish the data which they have collected during their fieldwork of an organization, company or an auditor may write it to give their opinion regarding an entity’s financial statement. The auditor may not be independent in writing such a report template he should just give a clean and qualified and reality base opinion. Most of the times audit report template just consist of three paragraphs, first paragraph may cover the responsibilities of auditor and management while in second paragraph scope of audit is discussed and third paragraph may covers auditor’s opinion. It plays an important role when lenders give loan funds to a business because audit report may give a clean opinion to lender and the user of this template may easily rely on it. An effective audit report should have the power to engage the audience and simplify and specify the fact.
Details of Audit Report
Before writing such a report you should clear your mind that who will read the report so it will leave a strong impact on the reader. You have to avoid negative wordings in your report and try not to take all the credit as it will give a bad impact to the reader. Auditor should have to give recommendation not the detailed solutions of the problems. The basic audit report format is incomplete without these seven elements, they should necessarily to be there on the report and these are date of the report and its title, introductory paragraph, scope paragraph, executive summary, opinion paragraph, auditor’s name and his signatures just below his name to make it more authentic and acceptable. It should be easy to read and interesting for this you have to summarize the highlights and what you want to say, explain it clearly.
