Sample Essay
Another issue indicated by Mr. Nolan in the article was regarding the form of the audit report. This issue has the potential of being one of most important issue in audit all around the globe and the solution to this issue could change the overall understanding of the audit among the users of the financial statements. The issue raised was that the form of the audit report is very constrained by the auditing standards and the local regulatory authorities therefore the auditor cannot include a comprehensive narrative of the procedures performed in the audit report.


