An audit report is the formal document issued by auditors summarizing their examination of an organization's financial statements and expressing their professional opinion on whether those statements are fairly presented. The report describes the scope of the audit, the auditor's responsibilities, and conclusions reached. For municipalities, a 'clean' or 'unqualified' audit report confirms that financial statements fairly represent the municipality's financial position. If auditors identify significant problems, the report may be 'qualified' (expressing concerns about specific issues) or in rare cases 'adverse' (stating statements do not fairly present financial position). Audit reports are public documents supporting governmental transparency.