Effective Audit Report and its Impact on narrowing the Audit Expectation Gap
The auditor’s opinion on financial statements is critical for enhancing the reliability and trust in the financial information. An auditor’s report, which is the final output of the audit, is a key deliverable and, on most occasions, the only communication between the users of the auditor’s report and the auditors. Learn from an expert on the critical factors to be considered while drafting an effective audit report and how effective audit reports can help in narrowing the audit expectation gap.
Considering the reliance placed on auditors report it is essential that it provides all the relevant information in such a manner that users can make informed decisions with confidence. The ‘audit expectation gap’ has always been a major factor impacting the effectiveness of audit and a major hurdle in ensuring the success of audit as a function. Can audit reports help in narrowing the audit expectation gap?
Learning Outcomes
On successful completion of this webinar, participants should be able to:
- Explain the major factors leading to Audit Expectation Gap
- Explain the impact of Auditors Report on narrowing the Audit Expectation Gap
- Outline the critical factors to be considered while drafting an effective audit report
Benefits
Benefit from practical insights and understand the critical factors to be considered while drafting an effective audit report and how effective audit reports can help in narrowing the audit expectation gap.
Sagar Adhau FCA, ACA, CIA
Financial Reporting and Assurance Expert
EVENT DETAILS
Topic: Audit & Assurance
Sub-Topic: Financial Statement Audit
Format: Recorded Webinar
Proficiency Level: Intermediate, Advanced
CPD: Upto 1 hours