An Audit Report is a formal document issued by a qualified auditor after reviewing and examining a company’s financial statements, accounting records, and internal controls. It provides an independent and professional opinion on whether the financial statements of a business accurately represent its financial position and comply with applicable accounting standards and laws.
An audit report is a formal evaluation of an organization’s financial statements conducted by an independent auditor. It provides an opinion on the accuracy and fairness of a company’s financial records, and it is an essential part of maintaining transparency and trust with stakeholders such as investors, creditors, and regulatory bodies.