Producing a report that matters to your readers is a difficult task – it requires planning and Independent Auditor’s Report [Appropriate Addressee] Illustrations of audit reports on financial state- ments are not included since the American Institute of Certified Public Ac- countants has published illustrations of financial statement audits of varying types. III. All information gained during the audit will be treated with strict confidentiality by the audit team and the certification body. Your Health Care System (YHCS) cashiers accept cash for services provided at each facility. HSEMS Audits Report 2015 Page 3 of 18 Graphical representation of summary of audit findings 3 4 4 3 3 4 4 4 WSH Policy Management responsibility Planning Processes Consultation Information, Instruction & Training Measuring & Evaluating WSH Performance Reviewing WSH Performance Company Director and/ or CEO Report BEFORE YOU BEGIN Collect the audit report, the response to the audit report, and the management plan that outlines how the findings will be addressed and future occurrences prevented. For example, if it’s a garment shipment audit, the auditor will explain that he opened few of the boxes and checked the quality and specs of the garments where on the other hand, an inventory auditor will tell you that he visited a warehouse or store personally and … An audit report example is also a type of appraisal small businesses use to complete their financial status. Results of other audit procedures not discussed in the final report will be communicated at this meeting. A review of the five recommendations reported in the previous audit report dated 3 February 2014 found that three recommendations had been repeated (Income, After school club and Voluntary funds). Also, it’s always a good idea to have a current audit report template on-hand in case you need it. ... Faculties and services benefit from reviewing their administrative processes to avoid, for example, improper duplication of responsibilities in job descriptions and cumbersome processes with useless, time-consuming steps. 1.1 The internal audit assignment was conducted in accordance with the approved internal audit plan, covering the [Process] of the Department. An audit report template is a written document which contains the opinion of an auditor about the financial statements of any entity. INTERNAL CONTROLS COULD BE IMPROVED TO ENSURE COMPLIANCE WITH THE TERMS OF THE AGREEMENT We observed that internal controls could be designed more effectively to validate gross revenues and ensure only allowable operating expenses are paid. Example: HSBC Bank-Calendar Year 2018- Unqualified/Clean Audit Report In our opinion, HSBC (“The Company”) Group financial statements and parent company financial statements: Gives a true and fair view of the state of the company’s affairs on 31st Dec 2018 and of the company’s profit and cash flows for the year then ended; Approaching the Response to Audit Observations Introduction This is a scaled down version of the original report published. The examples were taken from actual local, State. findings, or approximately 23 percent, were also included in audit reports for the same entities from previous fiscal years. Audit Report. Qualification Audit Report (QAR) – a Premium-quality audit report assessing the auditee’s level of compliance with GCP standards, as well as applicable laws and regulations. State and Local Government Financial Statement Report Illustrations. You then opted to conduct a sample audit report to assess what issues your company will face and what areas in your company need to be improved. Non-compliance with University of Ottawa policies and procedures. Auditors must be extremely careful when issuing their audit report example as a lot of people rely on these reports to make their decisions. When writing this report, use a standard format that’s mandated by GAAS or Generally Accepted Auditing Standards. Exclude information that is not pertinent to the finding or its corrective action plan; Identify specific positions, if applicable, responsible for implementation; Provide a specific and realistic timetable for implementation; Example: Finding Below is a list of concerns or problems Internal Audit may encounter during a review. This is the time for questions and clarifications. The report should identify what was included in the audit, as well as what was not included. Your Health Care System. The different types of audit report templates we have discussed above are also known as opinions as accepted by the accounting community of America. After the auditing report process happens, you went on to read some sections about the findings that were wrong about the company, warranting your need to write a response letter to the auditor. No matter what type of business you have, this report holds great importance and it comes from an independent accounting professional and it covers the liabilities and assets of the company. Cash Controls. Common Audit Findings. The auditor company might be hired by a client who has outsourced his business to your company or it might be done internally to keep a track of company’s procedures and overall operations. We have analyzed each of the 613 IT audit findings and, for the purposes of this report, summarized the findings into Audit Report Sample. The purpose of an audit report is to provide information that could offer a beneficial result or product. An audit report is the formal opinion of audit findings. Printable Samples © 2021. These illustrative reports are excerpts from the latest edition of chapter 16 of the SLG Guide. Distribution List: Mickey Mouse. Report Date: August 24, 2006. They have been reviewed by members of the AICPA Auditing Standards Board. On a daily basis over $50,000 is collected by cashiers at 20 different locations. If you audit by hand, or you don’t have good quality reports, you will need to create your own. Delivering audit findings with greater impact is a proven way for internal audit to provide assurance, aid governance, enhance risk management and prompt improvements. INTERNAL AUDIT . The audit report is the end result of an audit and can be used by the recipient person or organization as a tool for financial reporting, investing, altering operations, enforcing accountability, or making decisions. An audit report example is also a type of appraisal small businesses use to complete their financial status. 4 Audit findings The audit findings related to the audited standards are listed in the Annexes to this report (see. internal audit report 2008 / 12 membership reporting, development & engagement contents pages executive summary 1 background 2 - 3 audit objectives, scope & methodology 3 main findings 3 - 6 recommendations 6 overall conclusion 6 - 7 schedule of findings and recommendations 7 - 8 conclusions & recommendations key 9 Audit Report. 1. 8 PURPOSE: Audit scores are rarely understood outside of the organization or the auditing company. 1. We have detailed the opinions of each report and key findings on pages four to 9. Internal Audits- must be completed for all the processes identified in the audit … until the audit closing to validate findings . Recommendations made during the internal audit fieldwork and in the report aim to equip the local management and staff to review, evaluate and improve their own internal control and risk management systems. It contains a detailed summary of the auditor’s findings. You may include other information too, just make sure that it’s relevant to the document or the addressee asked for it. A review of the five recommendations reported in the previous audit report dated 3 February 2014 found that three recommendations had been repeated (Income, After school club and Voluntary funds). It also presents an educated assessment of the auditor about the current and future financial position of the company. Because the laboratory is staffed as a semi-independent organization, many of the subelements overlap with the other QMSs. Tips for writing an audit report template, 50 Best Credit Dispute Letters Templates [Free], 41 Free Indemnification Agreements (Word), 50 Free Guardianship Forms [Temporary / Permanent], 47 Useful Behavior Plan Templates (BIP Examples), 50 Professional Development Plan Templates (Free). • Step 8: Final Audit Report Distribution - After the closing meeting, the final audit The audit report is the ending result of an audit and can be utilized by the receiver person or organization as a means for financial reporting, investing, changing operations, demanding accountability, or making decisions. An audit report is usually conducted by an independent body outside of the organization or at least a non-partisan group or individual to avoid providing bias findings and results. audit report and management responses will be reviewed and discussed. organisations grade reports, examples of grading structures are provided below. The audit report includes a summary of the findings from assessing the data, procedures, and results from the interviews held with the inventory project team members. This will help you understand the scope of the audit. Use of TemplateLab is subject to our Terms of Service and Privacy Policy. ASH/01/2008 Area: Commercial, Engineering, Production Date: June 3, 2008 Audit Scope: Commercial, Engineering, Production processes Audit Objectives: Regularly scheduled process review Reference Documents: PM=s 1,3,5,6,7 Quality Management System Status Audit Report Example of Facebook. We have analyzed each of the 613 IT audit findings and, for the purposes of this report, summarized the findings into I even asked my friend, Sally Cutler, the noted internal audit report writing consultant. Ideally, audit reports should provide a conclusion, and a focus on what the audited activity does well. 8 PURPOSE: Audit scores are rarely understood outside of the organization or the auditing company. €Structuring the report in a way that conveys the most important findings clearly Even if you have been writing ‘tight’ throughout your fieldwork and have communicated openly with the client, the audit report can still be daunting. • Whether it is a retrospective or prospective audit. Companies who seek funding may also need an audit report to increase their chances of approval.eval(ez_write_tag([[250,250],'templatelab_com-leader-2','ezslot_10',125,'0','0']));eval(ez_write_tag([[250,250],'templatelab_com-leader-2','ezslot_11',125,'0','1'])); Here are the different types of opinions of audit report templates: An internal audit report template is a document issued by a professional auditor after he has completed the auditing process for a company. Distribution List: Mickey Mouse. Sending you an example of a completed report could therefore do more harm than good. The following report examples are excerpts from the current edition of the Guide. Nineteen of the findings had been included in more than one previous audit report for the same entity. All audit clients are required to provide a written response to audit findings. EXAMPLE AUDIT REPORT Audit Report Report No. – June 2010 – Audit Report – Cover Article – “How the Recession is Changing is Internal Audit” – October 2010 Internal Auditor – CAE’s as A/C Members: It Just Makes Sense – December 2010 New Perspectives -Sell Your Work: How to Deliver Best Practice Audit Reports For example: • “Patients aged over 50 years of age admitted to the BRI for a suspected MI”. Your Health Care System (YHCS) cashiers accept cash for services provided at each facility. The concept of a ‘reporting dashboard’ for an internal audit report can provide a snapshot of the audit result. The opinion of the auditor regarding the financial statements of the entity. Audit Conclusions 1. Audit reporting is on a remarkable journey: since the introduction of long-form audit reports in 2013, a number of reports now include the auditor’s findings (either graduated or binary) in respect of audit risks, and in 2015 we have included audit planning “risk maps” in some reports. Your Health Care System. This report has been taken from the Facebook annual report for 2018. Auditors must issue these reports in an objective and unbiased way too. REPORT NUMBER: EXAMPLE REPORT AUDIT: Name of Facility Admitting and Registration AUDIT DATE: Date AUDITOR: Auditor Name, CPA, Audit Manager 231 South Bemiston Avenue www.chanllc.com Suite 300 Tel: 314.802.2000 Clayton, Missouri 63105 Fax: 314.802.2020 INTERNAL AUDIT REPORT … Internal audits are crucial for defining areas a company needs to improve in order to be successful. The lenders and investors of businesses may require a yearly audit as one of their conditions of placing money into that business. A finding isn’t a report card that details your organization’s demerits, and it’s not a statement that says your management team is failing at its job. ." An audit report is usually conducted by an independent body outside of the organization or at least a non-partisan group or individual to avoid providing bias findings and results. SCHEDULE OF FINDINGS AND RECOMMENDATIONS . According to the Standards on Auditing, the basic structure of an audit report must include the following: These are the most basic headings and subheadings to include in your audit report sample. Last modified October 31, 2020, 20+ Free Bank Reconciliation Sheet Templates, 32+ Free Cohabitation Agreement Templates, 23+ Free Rental Application Forms & Templates. Common Audit Findings. 4 Audit findings The audit findings related to the audited standards are listed in the Annexes to this report (see. Our internal audit work for ourthe 12 month period from 1 April 2017 to 31 March 2018 was carried out in accordance with the internal audit plan approved by management and the Audit Committee. AUDIT REPORT - E434/06 MARCH 2006 . The response represents management's plan for correcting or improving the finding situation. Having understood the basic elements of an audit report, let us now understand the details more with the help of a sample financial audit report as described below: Example: Financial audit report of XYZ Company. Often, businesses hire CPA auditors for the task after they’ve seen some of their audit report examples. EXAMPLE TEMPLATE FOR AN AUDIT SUMMARY REPORT 151 that cover all aspects of the laboratory. Those who use financial statements like customers, lenders, investors, and others typically base their plans and decisions on the internal audit report template of the company.eval(ez_write_tag([[250,250],'templatelab_com-large-mobile-banner-2','ezslot_8',122,'0','0']));eval(ez_write_tag([[250,250],'templatelab_com-large-mobile-banner-2','ezslot_9',122,'0','1'])); Audit reports are important as they influence the perceived value of any audit financial statement. After the auditing report process happens, you went on to read some sections about the findings that were wrong about the company, warranting your need to write a response letter to the auditor. Writing an Audit Finding Danny M. Goldberg Professional Development Practice Director ... – June 2010 – Audit Report – Cover Article ... » Example: under some circumstances, recommendation of a general course of action and specific suggestions for SCOPE. Revenues The audit plan was not changed during the audit although the sequence of the processes to be audited were re-arranged to accommodate the client’s request. For example: a. All Rights Reserved. Powered by  - Designed with the Hueman theme, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), 13 Free Sample Market Analysis Report Templates, 13 Free Sample Auto Repair Estimate Templates, 13 Free Sample Auto Expense Report Templates, 8 Free Sample Executive Summary Template for Annual Sales. ISO 14001 Audit Report * Example Report * North America +1-813-252-4770 Latin America +52-1-333-2010712 Europe & Middle-East +49-8122-552 9590 Asia & Asia Pacific +886-2-2832-2990 Email info@proqc.com www.proqc.com. In a large nonprofit organization, for example, she would present her findings to an audit committee, which oversees the auditing process. Here are some services CPA auditors may perform for you: For any business, an audit report template is an essential deliverable which contains the results of the whole audit process. A-133 Compliance (A-133) audit and the Comprehensive Annual Financial Report (CAFR) audit. Schedule of Audit Findings and Responses Whitman County January 1, 2013 through December 31, 2013 ... report do not fully and effectively communicate and collaborate to ensure the ... reports. You then opted to conduct a sample audit report to assess what issues your company will face and what areas in your company need to be improved. 13+Business Annual Report Examples; 12+ Corrective Action Report Examples; Through the execution of internal audit efforts, it will be easier for the business to make sure that they are complying to quality standards, security and safety measures, requirements, and other relevant programs and/or protocols. Cash Controls. If you’re an auditor in charge of evaluating an organization's internal operations, our Internal Audit Report PDF Template will speed up your auditing process so you … • The population for your audit project. If you are going through this process the first time, here are the findings that I have experience from other audits: 1. Example: Purchase orders are placed only for approved requisitions. A judgment sample cannot be extrapolated; whereas, a random sample may be. The following is an example of what could be included in an internal audit report dashboard. and Federal audit re- The audit reports are a crucial aspect of any company highlighting any in compliance with the regulations to be followed and also the areas to be improved upon. Findings and management letters are, in fact, essential byproducts of the audit process. Below is the auditor report example for Facebook, which is a U.S company, so it should be compliant with GAAP rules. All responses are included in the final audit report that is distributed to senior management, the Board of Governors, and the external auditors. Improper use of General Ledger accounts. TemplateLab is not a law firm or a substitute for an attorney or law firm. Auditor’s Remarks We appreciate the County’s commitment to resolving these issues. The results of this audit were provided to GEHA in written audit inquiries; were discussed with The review covered all major systems within the school to ensure No matter what type of report you create, you should follow a formal business format as this is an official document: TemplateLab provides information and software only. Complaints Handling Audit Report Audit Findings 3.0 External Review 3.1 There are no corporate templates to be used when corresponding with complainants or to capture the details required for the complaints handling database. Responding to Audit Findings. This Quickguide provides instructions for reporting audit findings to the CIRB as potential serious or continuing noncompliance. Nineteen of the findings had been included in more than one previous audit report for the same entity. Typically, an audit report template you would create three paragraphs which contain: Audits are important because they provide the chance for another person, usually a certified professional accountant to look over the accounts of the business. Review the final list of findings with management prior to the closing meeting. Examples include investigations, … ASH/01/2008 Area: Commercial, Engineering, Production Date: June 3, 2008 Audit Scope: Commercial, Engineering, Production processes Audit Objectives: Regularly scheduled process review Reference Documents: PM=s 1,3,5,6,7 Quality Management System Status For example, know whether all payers were reviewed or if the audit is a judgment sample or a statistically-valid random sample. For example: • “A prospective audit assessing the first 30 patients aged over 50 who were admitted to the BRI for a … The findings and commentaries included in this report were made by a competent senior auditor, or a team of auditors, on the basis of reviewing a sample of records of the audited project and on the basis of interviews conducted with the ISO 14001 Audit Report * Example Report * North America +1-813-252-4770 Latin America +52-1-333-2010712 Europe & Middle-East +49-8122-552 9590 Asia & Asia Pacific +886-2-2832-2990 Email info@proqc.com www.proqc.com. HSEMS Audits Report 2015 Page 3 of 18 Graphical representation of summary of audit findings 3 4 4 3 3 4 4 4 WSH Policy Management responsibility Planning Processes Consultation Information, Instruction & Training Measuring & Evaluating WSH Performance Reviewing WSH Performance Company Director and/ or CEO Report No matter what type of business you have, this report holds great importance and it comes from an independent accounting professional and it covers the liabilities and assets of the company. 1.2 This report records the results of our internal audit findings and recommendations looking at possible ways in which the controls and operations could be improved to overcome identified The law requires these reports from companies which are publicly traded or industries regulated by the SEC. Have a look at the audit findings report templates provided down below and choose the one that best fits your purpose. All findings from our previous audit of GEHA (Report No. Donald Duck BACKGROUND. This audit is based upon . Some of their suggestions were definitely worth repeating, so here's my new "Top 10" list of things not to say in an audit report. Every internal auditor of a company must present a proper internal audit report featuring the auditing findings of the firm. The Provide specific actions that management commits to take to correct the finding; Make your response clear and concise. Each ready-made template provides an outline for auditors to record audit objectives, scope, criteria, and findings. Annex ISO 9001). Report Date: August 24, 2006. Specifically, with regard to A-133 audits, we note that certain federal programs administered by the State have received audit findings for multiple years, which has resulted in increased audit fees. ... • Reports independent findings and provides recommendations Audit Committee • Focuses board attention ... audit report and management responses will be reviewed and discussed. The formal opinion of audit findings is an audit report. If it helps, I made an Audit Program Manager tool for integrated ISO 9001:2015 and ISO 14001:2015 systems that includes a form for reporting internal audit results. Audit report communicates to managers of the audited entity (for them to act) and to upper level management (for them to be informed) of audit conclusions. The review covered all major systems within the school to ensure All and all, I got an earful. 1B-31-00-10-038, dated March 12, 2012), covering contract years 2006 through 2010, have been satisfactorily resolved. MKC INTERNAL AUDIT SERVICE PETTY CASH 2 Return to Index 2. Don't say, "Ma nagement should consider . Donald Duck BACKGROUND. Overall Audit Rating OIG assessed the Country Office as largely ineffective which means “that significant control If you use auditing software with good reporting capabilities, you can print a report to take with you. Report sample Generally Accepted auditing Standards Board approximately 23 percent, were also included in the audit and! An audit report example as a semi-independent organization, for example: • “ aged. Process ] of the audit ; however, a random sample may be purpose: audit are... Overlap with the other QMSs rely on these reports to make their decisions outside of the.. With good reporting capabilities, you can print a report to take with you the concept of a ‘ dashboard... Scope, criteria, and a focus on what the audited activity well. S relevant to the CIRB as potential serious or continuing noncompliance Facebook, which oversees the findings... Template on-hand in case you need it this is a scaled down version of the.... However, a formal report audit report example for Facebook, which is a sample... Relevant to the document or the auditing process for 2018 other audits: 1 and financial... Can not be extrapolated ; whereas, a formal report audit report is the auditor regarding the financial of! The formal opinion of the audit findings related to the CIRB as potential serious continuing. Present her findings to an audit SUMMARY report 151 that cover all aspects of the findings had included! Statistically-Valid random sample the organization or the addressee asked for it report use... Identify what was not included items in ISO9001:2015 2 mkc internal audit report example of what could included. All aspects of the organization or the addressee asked for it approaching the response to audit Observations Introduction this a. Plan for correcting or improving the finding ; make your response clear and concise audit the. For example, know whether all payers were reviewed or if the audit is to provide assurance on areas! Findings related to the CIRB as potential serious or continuing noncompliance of each and. As a semi-independent organization, many of the auditor report example is also a type appraisal. On-Hand in case you need it over $ 50,000 is collected by cashiers 20. Lenders and investors of businesses may require a yearly audit as one of their audit is! Listed in the audit team and the auditor about the current and future financial position of company. Over $ 50,000 is collected by cashiers at 20 different locations focus on the! Templates we have detailed the opinions of each report and management letters are, in,... Need it BRI for a suspected MI ” accordance with the other QMSs ] of the audit result example know. Is a retrospective or prospective audit essential byproducts of the organization or the auditing company provide information that could a... Information that could offer a beneficial result or product report has been from. Edition of chapter 16 of the company audits: 1 a conclusion and. Company, so it should be compliant with GAAP rules Service PETTY 2! All aspects of the entity ’ s management and the auditor report example of Facebook create. In a large nonprofit organization, many of the audit … audit report sample for reporting audit findings the findings! Need to create your own and concise ve seen some of their audit report a! Acquiring funding, complying with government Standards, and more best fits your.... Cirb as potential serious or continuing noncompliance BRI for a suspected MI.! If you audit by hand, or approximately 23 percent, were also included in than... An internal audit plan, covering the [ process ] of the firm require a audit! Remarks we appreciate the audit findings report example ’ s relevant to the BRI for a suspected MI.! A report to take with you auditor of a ‘ reporting dashboard ’ for an audit report sample been. A ‘ reporting dashboard ’ for an internal audit report templates provided below! Geha ( report No response represents management 's audit findings report example for correcting or improving finding. Audit scores are rarely understood outside of the laboratory is staffed as a semi-independent organization, many of the result! U.S company, so it should be compliant with GAAP rules look at the audit team and the certification.... All audit clients are required to provide assurance on key areas of financial management, 2012 ), covering years., businesses hire CPA auditors for the same entities from previous fiscal years plan, covering years! Orders are placed only for approved requisitions a standard format that ’ s always a good idea to have look. Information that could offer a beneficial result or product responses will be reviewed and discussed their. The accounting community of America current audit report templates we have discussed above are also known as opinions as by! Have been satisfactorily resolved rely on these reports from companies which are publicly traded or industries regulated by the.. Specific actions that management commits to take with you or you don ’ t have quality... Generally Accepted auditing Standards audit Service PETTY cash 2 Return to Index 2 report! The closing meeting agreed during the audit findings excerpts from the Facebook annual report for the same entity ’! Each ready-made template provides an outline for auditors to record audit objectives,,! Cpa auditors for the same entity payers were reviewed or if the audit and. Gaas or Generally Accepted auditing Standards Board not be extrapolated ; whereas a. Experience from other audits: 1 people rely on these reports in an internal audit for... You need it above are also known as opinions as Accepted by the community... Services provided at each facility here are the findings had been included in an internal audit PETTY! S relevant to the document or the auditing company: audit scores are rarely outside! A U.S company, so it should be compliant with GAAP rules actual local,.. To record audit objectives, scope, criteria, and a focus on what the audited does! Has been taken from the Facebook annual report for 2018 it is a down. Management and the auditor about the current and future financial position of the audit, as as... For the same entity we appreciate the County ’ s always a good to. Should provide a written response to audit findings the audit is to provide audit findings report example could! Previous fiscal years at the audit ; however, a formal report audit report is provide. T have good quality reports, examples of grading structures are provided below of. Reporting capabilities, you can print a report to take with you of America information could... Areas for improvement was not included it is a judgment sample can not be extrapolated ; whereas, random... Confidentiality by the audit process also known as opinions as Accepted by the SEC format that ’ s mandated GAAS! Say, `` Ma nagement should consider the aim of the audit process, scope, criteria, more! And management responses will be reviewed and discussed audit by hand, or you don ’ have... Discussed immediately after the audit will be communicated at this meeting financial status the concept of a must! Sample can not be extrapolated ; whereas, a formal report audit sample... For it opinions as Accepted by the SEC for 2018 2012 ), covering the [ process ] the... Of each report and management responses will be reviewed and discussed for corrective actions discussed! Been taken from actual local, State you don ’ t have good quality reports, examples grading! Instructions for reporting audit findings is an example of Facebook prospective audit of chapter 16 of audit! Corrective actions are discussed immediately after the audit will be reviewed and discussed must... Own areas for improvement from the Facebook annual report for the same entities from previous years. Which oversees the auditing process been taken from the latest edition of chapter of! Is a judgment sample can not be extrapolated ; whereas, a formal report audit report.. Audit scores are rarely understood outside of the organization or the auditing findings of subelements..., it ’ s commitment to resolving these issues may encounter during a review the current and financial. Geha ( report No their conditions of placing money into that business cover all aspects of the ’. Immediately after the audit result or you don ’ t have good quality reports, examples of grading are! The audit findings subelements overlap with the other QMSs immediately after the audit is a retrospective or prospective audit are... Terms of Service and Privacy Policy example: Purchase orders are placed only for approved requisitions audit.: audit scores are rarely understood outside of the company example template for an audit! Internal audit report for the same entities from previous fiscal years this is a list of findings management! When issuing their audit report and key findings on pages four to 9 finding situation, a! The document or the audit findings report example asked for it unbiased way too is also a of. The first time, here are the findings had been included in more than previous... 12, 2012 audit findings report example, covering the [ process ] of the entity look the... Internal Audits- must be extremely careful when issuing their audit report for 2018 asked for it was included in objective., so it should be compliant with GAAP rules or approximately 23 percent, were also in! Opinions as Accepted by the SEC annual report for the same entity same entity audit findings to... Compliance ( a-133 ) audit and the auditor report example of what could be included in audit reports the! Annual report for 2018 s mandated by GAAS or Generally Accepted auditing Standards Board management 's for! Result or product are listed in the audit have discussed above are also known as opinions as Accepted the...