Flash report (preliminary oral briefing)
Definition
An interim communication to the audit committee or board during an active investigation, before the formal written report is ready. Used when the findings require immediate action. Should be followed by a written summary to create a contemporaneous record.
Related terms
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- Work-product doctrine
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Explained in
- Presenting Findings to Management and Audit CommitteesAn interim communication to the audit committee or board during an active investigation, before the formal written report is ready. Used when the findings requ...