After performing your audit, the next step is to prepare a presentation to report your findings. Reporting is the process by which the auditor conveys to management their findings, including the following:
In addition, the final report should state any restrictions, reservations, or qualifications (concerns) that the auditor holds in relation to the audit. The auditor may provide a final opinion or no opinion based on these potential limitations. Auditors may issue qualified or unqualified opinions:
A qualified opinion means there are restrictions on the nature or the content of the findings.
An unqualified ...