Project audit report

Ref: [FRN/PA/2026-27/nnn]
Date: [Date of report]

The Audit Committee / The Board of Directors
[Client name]
[Client's address]

Report on the audit of the [project name] capital project
Sanctioned cost Rs [Sanctioned cost of project (Rs)] · Cost incurred to [Cost incurred up to (date)] Rs [Cost incurred up to that date (Rs)]

1 · Engagement, scope and basis

We were engaged by [Who engaged us (Audit Committee / Board)] by letter dated [Date of engagement letter] to audit the [project] against its approved budget, schedule and scope, and to examine the contracts listed at Annexure 1, aggregating Rs [Aggregate value of contracts examined (Rs)] and representing [Contracts examined as % of cost incurred]% of cost incurred to date. Our fieldwork was carried out at [locations] between [dates]. [Auditor's expert: name], [qualification], was engaged by us as an auditor's expert under SA 620 for physical verification and measurement; the joint measurement sheets are at Annexure 6 and we have evaluated and adopted that work as our own.