An audit report is a document created by a qualified auditor at the close of the auditing process. Through the audit report, the management would have a copy of the auditor’s professional, detailed findings after evaluation of financial records and other reasons, because there are different reasons why audits are conducted, including getting monetary capital and compliance with business or corporate standards. There are four types of audit reports that could be created: qualified, unqualified, adverse and disclaimer of opinion.
Whichever of the four you are asked to write, it should be in a business letter format. The audit report serves as a formal or professional expert opinion of audit findings in organizations with the results being used by the organization where it was conducted, to improve financial record-keeping, investing, changing operations, establishing accountability or decision-making.