What typically follows the completion of an audit?

Following the completion of an audit, it is standard practice to provide the audited entity with an explanation of the audit findings and recommendations. This step is crucial as it allows the entity to understand the results of the audit process in detail. The feedback typically includes identified issues, areas of compliance, and recommendations for improvement.

This engagement not only promotes transparency but also fosters a collaborative approach towards addressing any deficiencies noted in the audit. By articulating the findings clearly, the auditor helps the organization understand the context and implications of the results, which can lead to more effective implementation of necessary changes or corrective actions.

In contrast, immediate implementation of corrective measures typically happens after the findings are conveyed and understood, not before. Sending a formal report solely to stakeholders lacks the essential communication with the audited entity itself, which is vital for improvements. A public announcement regarding audit findings is uncommon as it may not align with confidentiality and privacy considerations, particularly for sensitive data or proprietary information. Therefore, the option that states an explanation of the audit findings and recommendations is provided to the audited entity aligns perfectly with the typical procedures following an audit.