Long-form report

A long-form report is an expanded form of audit report that is issued by an external auditor. The content of this report includes the following:

  • The audit scope
  • The auditors' opinion regarding the financial statements of the client
  • The key risks identified and how the auditors responded to those risks
  • The percentage change in accounts
  • An evaluation of the financial status of the client
  • Recommendations for improving the financial systems of the client