An audit report template is a kind of report submitted by an auditor which represents the scope, purpose and result of the audit. There is a mandatory requirement for an audit report to include the suggestions and recommendations from the auditors. Normally, this report describes the financial position of an organization at the end of a certain period for which an audit has been conducted. Having an effective audit system is very important for a company. This is because it enables an organization to pursue and achieve all its corporate objectives and goals. Basically, audit is a process where auditors…