Service audit report is an insight of what has been done by the auditor and it shows the quality of the auditor as well as the related audit that has been performed. Making a good service audit report is something that should be done without any issue and it is for the same reason that most of the auditing firms in Nigeria also make sure that the employees are specifically trained in this regard. In Nigeria the broad of directors of the company makes sure that the proper record is presented before the audit firm which shows the financial management of the company in a clear cut way. It is also to be noted that the service audit report is a backbone of any audit that is performed as it clearly shows that how good a company is when it comes to the financial management and what steps are being taken to safeguard the interests of the stakeholders as well as the investors. Making a good service audit report is of vital importance and it is one of those documents which ensure that the future of the company is decided when it comes to investment as well as the related management. Following are the factors that might change the quality of service audit report from good to bad and therefore they should be avoided to maintain an accurate record which boosts the interests of the investors as well as shareholders:

1. Presentation
The report should be presented in a well defined and professional manner as it is one of the deciding factors that ensure that the best is provided to the company and the confidence of the shareholders is boosted to a great extend. The service audit report which is not presented in a clear and professional manner give rise to ambiguities and leads the investors thinking which is considered to be fatal when it comes to financial and investment management.

2. Financial Literacy
The audit committee members should be well versed in all the related fields of the finance that are important and they should also know the implementation of the related terms in the field. If the audit committee members are not literate enough then the quality of the service audit report will deteriorate significantly leading to a situation which no member of the company wants to face anytime. The financial terms should be used in the best possible manner making sure that the services rendered are state of the art.

3. Area of influence of Audit committee team
The audit committee team should have a vast area of influence to impact the quality and the data that is presented in the service audit report. Larger the area of expertise greater will be the overall goodwill of the report leading to awesome results and making sure that the investment as well as the confidence of the shareholders is attracted in the best possible manner.

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