Long-form report definition
/What is a 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