An audit report is a formal document that presents the findings of an audit, which is an examination of an organization's financial statements or operations. The report typically includes an assessment of the accuracy of financial records, compliance with laws and regulations, and the effectiveness of internal controls. The primary purpose of an audit report is to provide stakeholders, such as investors, management, and regulatory agencies, with an independent evaluation of the organization's financial health. It helps ensure transparency and accountability, allowing stakeholders to make informed decisions based on the audit's conclusions.