diff --git a/conservancy_beancount/tools/audit_report.py b/conservancy_beancount/tools/audit_report.py
index 78240dd..0463f38 100644
--- a/conservancy_beancount/tools/audit_report.py
+++ b/conservancy_beancount/tools/audit_report.py
@@ -151,7 +151,9 @@ def main(arglist: Optional[Sequence[str]]=None,
     cliutil.set_loglevel(logger, args.loglevel)
     if args.verbose:
         logger.setLevel(logging.DEBUG)
-        logging.getLogger('conservancy_beancount.reports').setLevel(logging.DEBUG)
+        reports_logger = logging.getLogger('conservancy_beancount.reports')
+        reports_logger.setLevel(logging.DEBUG)
+        reports_logger.getChild('rewrite').setLevel(args.loglevel)
 
     fy = config.fiscal_year_begin()
     today = datetime.date.today()