When a disclaimer is issued because the auditor lacks independence:

The basic elements of an audit report are: Title: The name of the report Addressee: The intended recipient Auditor's opinion: The auditor's formal statement on the financial statements Basis for the opinion: The reasoning behind the auditor's opinion Auditor's signature: The auditor's signature, along with their tenure as the company's auditor, location, and date  Here are some other tips for writing an audit report: Keep it brief, Be specific, Avoid jargon and confidential information, Focus on the audience, and Highlight the risks and control environment.  An audit report is the end... Show more

The basic elements of an audit report are:
Title: The name of the report
Addressee: The intended recipient
Auditor's opinion: The auditor's formal statement on the financial statements
Basis for the opinion: The reasoning behind the auditor's opinion
Auditor's signature: The auditor's signature, along with their tenure as the company's auditor, location, and date 

Here are some other tips for writing an audit report: Keep it brief, Be specific, Avoid jargon and confidential information, Focus on the audience, and Highlight the risks and control environment. 
An audit report is the end product of the audit process, and it's an essential part of the audit. The report should accurately record what you've observed on-site. 

The report should include the following sections:
Management responsibilities: The first section outlines the responsibilities of management in preparing the financial statements and maintaining internal controls
Auditor's responsibilities: The second section outlines the responsibilities of the auditor
Qualified opinion: The third and final section outlines a qualified opinion 

Other parts of the report may include:
Disclaimer of opinion: A paragraph that explains why the auditor is taking a disclaimer
Other reporting responsibility: A section where auditors can identify specific company issues that need attention 

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