What must an audit result properly cite and apply?

An audit result must properly cite and apply the relevant statutory and regulatory provisions to ensure compliance with legal and industry standards. This is vital as it provides a foundation for the findings and conclusions drawn from the audit. Properly referencing statutes and regulations ensures that the audit is anchored in lawful guidelines, illustrating that the assessment is rigorous, objective, and aligned with established rules.

Incorporating these provisions adds credibility and reliability to the audit results, allowing stakeholders to understand the specific legal framework governing the findings. This relevance is particularly important for mitigating risks associated with compliance failures and upholding accountability.

While personal opinions and general guidelines may provide context, they do not hold the same authoritative weight as statutory and regulatory provisions. Additionally, solely relying on findings from the current audit fails to consider the broader context of previous audits or established legal frameworks that can impact interpretations and recommendations.