What is the purpose of communicating audit results to stakeholders?

Communicating audit results to stakeholders serves the critical purpose of managing expectations based on the findings of the audit. This communication ensures that stakeholders are informed about the performance, compliance, and areas for improvement within the organization or project. By presenting the results clearly, stakeholders can understand both the successes and shortcomings highlighted in the audit. This clear communication allows for informed decision-making and prioritization of action items, fostering transparency and trust among all parties involved.

While finalizing contracts or proposing new projects might involve knowledge of audit results, these activities do not directly relate to the primary aim of the audit communication process. Documenting audit procedures is also important, but it focuses more on the methodology than on stakeholder engagement. Thus, managing expectations is the most relevant reason for sharing audit results with stakeholders.