The Royal Commission into Banking and Finance Sector yielded some interesting results particularly for auditors and the auditing process. In report style using headings, table of contents and referencing, outline the importance of an audit report and what it should contain.  one recommendation made regarding future audits of the banking industry. Finally, discuss the future of audits and how remote audits would be assessed from a risk perspective in the future.

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Executive Summary This report provides an overview of the importance of an audit report and its key components It also discusses a recommendation for future audits in the banking industry and assesses ... View the full answer