COM 1067.000 2006-2008 - Laserfiche WebLink

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02/28/2008 08:20 3265697 KCO PAGE 06 f Chapter 8 ` Reporting Standards for Performance Audits R I Introduction 8.01 This chapter establishes reporting standards and ' provides guidance for performance audits conducted in accordance with generally accepted government auditing standards (GAGAS). The reporting standards for performance audits relate to the form of the report, the report contents, and report issuance and distribution. 8.02 For perlvnriance audits performed in accordance with GAGAS, chapters 1 through 3 and 7 and 8 apply. Reporting 8.03 Auditors mist issue audit reports communicating the results of each completed performance audit. i ¦ 8.04 Auditors should use a form of the audit report that Ij is appropriate for its intended use and is in writing or in some other retrievable form. (See paragraph 8.42 for situations when audit organizations are subject to public records laws.) For example, auditors may present audit reports using electronic media that are retrievable by report usei-~ and the audit organization. The users' needs will influence the form of the audit report. Different t forms of audit reports include written reports, letters, briefing slides, or other presentation materials. 8.05 The purposes of audit reports are to (1) communicate the results of audits to those charged with governance, the appropriate officials of the audited entity, and the appropriate oversight officials; (2) make the results less susceptible to misunderstanding; (3) make the results available to the public, as applicable (see paragraph 8.39 for additional guidance on classified or limited use reports and paragraph 8.43b for distribution of reports for internal anditnrs); and (4) facilitate follow-up to determine whether appropriate corrective actions have been taken. Page 160 GAO-07-731G Government Auditing Standards