An audit report is an official document prepared by an independent auditor or audit firm after conducting an audit of a company’s financial records, processes, or systems. The purpose of an audit report is to provide an assessment of the accuracy, completeness, and reliability of the information being audited. Audits are typically carried out to ensure compliance with accounting standards, regulations, or internal policies, and to provide assurance to stakeholders about the company’s financial health and internal controls.

An audit report typically includes the following components:

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