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Governance, Risk, Audit & Privacy · Foundational

Audit Report

Formal communication of audit objectives, scope, findings, conclusions, and recommendations.

Definition

The report is issued to management and the audit committee, includes management responses where appropriate, and should be objective, clear, concise, and timely. Draft findings are discussed with management at an exit meeting before finalization.

Example

The final report rates the identity governance process as needs improvement with three high findings.

Exam tip

Auditors discuss findings with auditees before issuing the final report, but do not let them change facts.

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