The corporate world it's boundless on its own and it runs on a large number of operations, mechanisms and processes, that when carried out would help obtain business or organisational body's unique and desired outcome. Auditing and Reporting makes up one of the most important operations of all. The auditor generates a report after examining and studying all mechanism and functioning of the organisational body and evaluates it accordingly. They formulate their own opinions and makes suggestions on what to improve or alter and therefore contributes to the betterment and health of the company. The importance an auditor's report holds is huge. It keeps all aspects of the company, business or any organisational body thoroughly safeguarded from all legal issues and ensures accuracy, utmost correctness and maximum quality in all it's operations and transactions.