An audit report is a written document in which certified public accountants express their practical opinions on whether the financial statements are prepared on the basis of financial reports in all major aspects and achieve a fair reflection.
The report of income tax settlement is a report submitted by an enterprise to the State Taxation Bureau or the Local Taxation Bureau from March to May every year, commonly known as "annual report" or "tax audit report". Income tax is handed over to the IRS when it is paid at the national tax, and to the local tax bureau when it is paid at the local tax.
2. Different positioning
Tax audit report refers to income tax settlement report, and audit report refers to industrial and commercial audit report.
3. Different publishers
The tax audit report is issued by the tax agency, and the audit report is issued by the accounting agency.
4. Different requirements
Not all enterprises have to issue income tax settlement reports. Generally, according to the requirements of the local taxation bureau, the tax bureau will issue a notice at the beginning of each year, asking which enterprises must issue a report on income tax settlement when filing annual income tax, and which enterprises can prepare their own annual reports without issuing a report on income tax settlement. There is no uniform standard in China at present.
Audit report is a written document in which certified public accountants express their audit opinions on the legality and fairness of financial statements. Therefore, certified public accountants should attach the audited financial statements to the audit report, so that users of financial statements can correctly understand and use the audit report and prevent the audited entity from changing or changing the audited financial statements.
Baidu Encyclopedia-Audit Report
Baidu Encyclopedia-Tax Audit Report