home/dictionary/audit report

audit report

nouncandidate·updated May 12, 2026

A report issued by an independent Auditor that expresses an opinion about whether the financial statements present fairly a company's financial position, operating results, and cash flows in accordance with generally accepted accounting principles.

Framework senses

FFIEC IT Examination Handbook - Audit, April 20121 senseview framework →
§1
A report issued by an independent Auditor that expresses an opinion about whether the financial statements present fairly a company's financial position, operating results, and cash flows in accordance with generally accepted accounting principles.