1. Audit Summary Reports
Businesses must provide management with a summary of audit outcomes and key findings.
- Purpose: Helps executives understand audit results, compliance status, and financial risks.
- Concise Reporting: Summarizes major audit observations, corrective actions, and recommendations.
- Stakeholder Communication: Ensures transparency and informed decision-making.
2. KPI-Based Insights
Companies must use audit data to develop useful KPIs for business growth and compliance tracking.
- Performance Metrics: Includes financial stability, risk exposure, and operational efficiency.
- Data-Driven Decisions: Helps businesses optimize processes, resource allocation, and strategic planning.
- Continuous Monitoring: Ensures ongoing compliance and risk management improvements.