‘Audit Report’ in simple words means an opinion given by an auditor, after performing
audit and evaluation on the auditee’s financial statements and books of accounts. Tax Audit
Reports are supposed to be prepared carefully by the Tax Auditor. Any intentional or adverse
mistake in reporting may result in seizure or cancellation of certificate of the tax auditor.
After all, it is an assurance for the users of audit report against auditee. Hence, the auditors
must perform their duties honestly and diligently. Read on to know more… #pdf
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