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 opinion on whether the financial statements are accurate and comply with relevant laws and regulations. It helps stakeholders, such as investors and management, understand the financial health of the organization. Audit reports can vary in type, including internal audits conducted by a company's own staff and external audits performed by independent auditors. Each report aims to provide transparency and assurance regarding the organization's financial practices and compliance with standards, ultimately fostering trust among stakeholders.