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Preliminary Audit Report of the Audit Division on New American City, Inc. (May 4, 2011, December 31, 2012) Why the Audit Was Done The Commission audits each host committee or municipal fund that represents
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01
Start by gathering all the necessary information related to the audit, such as financial records, internal control documentation, and any other relevant data.
02
Review the audit objectives and scope outlined in the audit plan to ensure that you have a clear understanding of what needs to be included in the preliminary audit report.
03
Organize the information and findings in a logical and systematic manner. Use headings and subheadings to create a structured outline for the report.
04
Begin by providing a brief introduction to the audit, stating the purpose and objectives of the audit.
05
Summarize the key findings and observations from the audit. Be concise but provide enough detail to support your conclusions.
06
Include any recommendations for improvement or corrective actions that may be necessary based on the audit findings.
07
Use appropriate language and terminology that is easily understandable to the intended audience.
08
Conclude the report by summarizing the overall results of the audit and any next steps or follow-up actions that may be required.
09
Proofread and edit the report for clarity, grammar, and formatting errors before finalizing it.
10
Share the preliminary audit report with the relevant stakeholders for their review and feedback.
11
Address any feedback or additional information requested by the stakeholders and make necessary revisions to the report if needed.
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Once all the revisions have been made, finalize the report and ensure that it is properly signed, dated, and distributed to the appropriate individuals or departments.

Who needs preliminary audit report of?

01
Organizations conducting internal audits to assess their financial performance and internal controls.
02
External auditors who need to provide an independent assessment of an organization's financial statements and internal control systems.
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Regulatory bodies or government agencies that require audit reports for compliance purposes.
04
Investors or shareholders who want to evaluate the financial health and performance of a company.
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Management or board of directors who need to make informed decisions based on the findings of the audit report.
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Potential business partners or lenders who want to assess the risk associated with a company before entering into a business relationship or providing financial support.
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The preliminary audit report is a document that provides an initial assessment of an organization's financial statements.
Publicly traded companies are required to file a preliminary audit report.
The preliminary audit report is typically prepared by a certified public accountant who reviews the company's financial statements and provides an opinion on their accuracy.
The purpose of the preliminary audit report is to provide shareholders and other stakeholders with confidence in the accuracy of the company's financial statements.
The preliminary audit report must include the auditor's opinion on the fairness of the financial statements, any significant findings or issues discovered during the audit, and any recommendations for improvement.
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