ABSTRACT
This chapter examines the types of reports an auditor may produce, depending on the nature of the findings as well as the audience for such a report. The overall objective of the analysis was to examine the information in order to identify status, trends, causes, and business impacts discernible from the information examined. It is the reporting phase of any analysis that will persuade management to take any appropriate action that is required. The best analysis in the world may prove ineffectual if nobody understands the meaning and impact of what has been uncovered or fails to take appropriate action. In general, written analytical reports should include a statement of the purpose of the analysis as well as the scope, analytical results, auditor's opinion, and recommendations for potential improvements. The ultimate value of any audit analysis rests in the improvements made by management to the overall business situation as a result of the internal auditor's analysis.
