Quick Answer: What Are Special Reports?

What are the types of report in Business Communication?

Reports are a key communication tool in business; they effectively share and retain information and decisions.

Reports are classified into two main types: informal reports and formal reports.

Both of those classifications are further broken down by type of information..

What is special report writing?

Instructions for authors. Scope: Special Reports are short review-style articles that summarize a particular niche area, be it a specific technique or therapeutic method. Word limit: The word limit for Special Reports is 1,500-3,000 words (not including figures, tables or references).

What are the four types of report?

Four Types of Report FormatsSimple Essay Format. Most commonly used in high school and undergraduate collegiate courses, the essay is a simple yet effective format for presenting information. … Formal Report Format. … Letter of Transmittal/Informative Abstract. … Technical Report Format.

What is an audit objective?

The objective of an audit is to express an opinion on financial statements, to give the opinion about the financial statements, the auditor examines the financial statements to satisfy himself about the truth and fairness of the financial position and operating results of the enterprise.

What are the two main categories of report?

Informal reports and formal reports have two major categories: informational and analytical reports. It’s important to keep in mind that both informal and formal reports can fall into these categories (i.e., you can have an informal informational report or a formal informational report).

What is report and its features?

Report is a self-explanatory statement of facts relating to a specific subject and serves the purpose of providing information for decision making and follow up actions. … Report is a summary of findings and recommendations about a particular matter / problem.

What are the three types of report?

All Types of Reports and their ExplanationLong Report and Short Reports: These kinds of reports are quite clear, as the name suggests. … Internal and External Reports: … Vertical and Lateral Reports: … Periodic Reports: … Formal and Informal Reports: … Informational and Analytical Reports: … Proposal Reports: … Functional Reports:

When the auditors express an opinion on financial statements their responsibilities extend to?

When the auditors express an opinion on financial statements, their responsibilities extend to: Whether the results of their clients operating decisions are fairly presented in the financial statements.

What are the types of business reports?

What Are The Types of Business Reports?Informational Reports. You ask for this report when you want objective information on something. … Analytical Report. This type of business report is usually required when a company is trying to make an important decision. … Research Report. … Explanatory Report. … Progress Report. … To Sum Up.

What is special report in Business Communication?

Special Report This type of report is prepared and presented before the top management on specific request. It usually contains the opinions or recommendations of the reporter with the help of facts and arguments.

Which matters should be covered in special report?

Special reports are divided into five categories, including: financial statements prepared on a basis other than Generally Accepted Accounting Principles (GAAP), OCBOA; audits of specified elements of a financial statement; and compliance with contractural agreements.

What is report explain?

Essentially, a report is a short, sharp, concise document which is written for a particular purpose and audience. It generally sets outs and analyses a situation or problem, often making recommendations for future action. It is a factual paper, and needs to be clear and well-structured.

What are the main characteristics of report?

Essential Characteristics or Features of a Good ReportPrecision. In a good report, the report writer is very clear about the exact and definite purpose of writing the report. … Accuracy of Facts. Information contained in a report must be based on accurate fact. … Relevancy. … Reader-Orientation. … Simple Language. … Conciseness. … Grammatical Accuracy. … Unbiased Recommendation.More items…

What are routine reports?

A Routine Report is prepared and presented as a routine work and at a regular period of time. For example, the annual report of an association or a company which has to be prepared by the secretary or by the Board of Directors at the end of every financial year and copies have to be distributed among the members.

What are the different kinds of reports?

Types of reports include memos, meeting minutes, expense reports, audit reports, closure reports, progress reports, justification reports, compliance reports, annual reports, and feasibility reports.

What is the importance of report?

The importance of report writing is that it also helps to communicate within the company that is workers, to discuss the problems of the business and to give investor details of everyday running. A report can be good when it can be written in the manner of proper communication and written communication.

Why is an independent auditor asked to express an opinion on the fair presentation of financial statements?

Why is an independent auditor asked to express an opinion on the fair presentation of financial statements? The opinion of an independent party is needed because a company may not be objective with respect to its own financial statements.