Definition of audit report in English English dictionary
The Auditor's report or audit report is a formal opinion, or disclaimer thereof, issued by either an internal auditor or an independent external auditor as a result of an internal or external audit or evaluation performed on a legal entity or subdivision thereof (called an “auditee”)
(Finans) A "clean" audit report, indicating the auditor's opinion that a client's financial statements are fairly presented in accordance with agreed upon criteria (e.g. GAAP). This is the desired opinion of each company