The way for certified public accountants to achieve audit objectives is to implement audit procedures, and the results of audit objectives are reflected in audit reports. The audit report reflects the final requirements of the entrusting party, is the quality of auditors' work in completing tasks, and is a concentrated expression of the evaluation and conclusion of audited matters.
2. The audit report is a legally binding document.
The audit behavior of certified public accountants is carried out according to law, and the audit results are not only responsible to the client, but also to other relevant parties according to law. The audit report itself shall express opinions on the legality, fairness and consistency of the accounting treatment methods of the audited accounting statements, and all parties concerned shall make decisions with forensic function by using the accounting statements according to the opinions. Therefore, the audit opinions in the audit report must be convincing, fair and serious, and have legal effect, otherwise, it is unnecessary for the entrusting party and relevant parties to use the audit report. The legal effect of audit report is reflected in the process of using audit report by all parties concerned.
3. Audit report is a kind of public information report.
As an information report, the audit report can be used not only by the audit client and the management of the audited unit according to the prescribed scope, but also by relevant creditors, banks and other financial institutions, financial departments, industrial and commercial departments, tax departments and the public to obtain fair information about the project.