Conceptual approaches to communication in the audit of financial statements

Abstract

The purpose of this paper is to present some aspects of communication in the activity of financial accounting audit. Audit builds on two pillars: reporting and communication. The audit report is the main means of communication between the auditor and the users of the audited financial statements and undergoes significant global transformations. The end result is a new and improved audit report that provides more transparency on the important aspects of the audit and better describes what the audit is and what the auditor does.