1, the subject of the report is different.
The annual audit report of accounting statements is issued by accounting firms, and the annual verification report of enterprise income tax is issued by tax agencies.
2. Different departments use reports.
The departments using audit reports include not only the management organs of enterprises, but also the relevant competent departments, such as market supervision and administration, tax departments, foreign exchange management departments, financial institutions, etc. And the tax audit report can only be provided to the competent tax department of the enterprise.
3. The scope and content of audit are different.
When issuing an audit report, it is necessary to conduct a comprehensive audit of all items in the annual accounting statements of the enterprise and obtain sufficient and necessary audit evidence. The audit report includes the audit of enterprise-related turnover tax and enterprise income tax items, while the tax audit report only carries out individual verification of enterprise income tax, including taxable income, increase or decrease items, applicable tax rate and unpaid status of enterprise income tax.
4. Different working methods
When issuing an audit report, an accounting firm should obtain a large number of sufficient and necessary audit evidence, such as current account inquiry and physical assets inventory. The tax audit report mainly focuses on the tax-related accounting records related to auditing and measurement.
Extended data
Enterprises that need to produce audit reports:
1. One-person limited liability company (i.e. wholly-owned natural person enterprise or private limited liability company);
2. Foreign-funded enterprises;
3. Listed companies limited by shares;
4. Companies engaged in finance, securities and futures;
5. Enterprises with long-term liabilities or losses;
6. Companies engaged in insurance, venture capital, capital verification, evaluation, guarantee, real estate brokerage, entry-exit intermediary, overseas labor agency and enterprise registration agency;
7. Companies whose registered capital is not fully paid in installments;
8. Companies that falsely report their registered capital, make false capital contributions or withdraw their capital contributions within three years.
Enterprises that need to produce tax audit reports:
1. If the enterprise suffered a large loss in the current year and needs to make up for the loss in the next year, it needs to issue a tax audit report for the current year;
2. There may be problems in the accounting treatment of enterprises. If the enterprise is not at ease, it will also choose the tax audit report of the tax agency;
3. There is no problem in enterprise accounting, but the tax burden of value-added tax in that year is low, which may attract the attention of tax authorities. At this time, the enterprise can consider the tax audit report;
4. If the enterprise has suffered losses for three consecutive years, the tax bureau will notify the enterprise to issue a three-year tax audit report. For reasons such as tax assessment interviews, the tax bureau will notify the enterprise to issue a tax audit report;
5. The enterprise made a profit that year, but the profit was too low, the income and assets did not match, or the enterprise evaded taxes more. For the sake of tax safety, I will take the initiative to choose to do tax audit for fear of being inspected by tax authorities;
6. If an enterprise is profitable in the current year and needs to make up for the losses of previous years, it shall issue a tax audit report when it needs to make up for the losses of previous years in the current year and in the middle of each year.
References:
Baidu Encyclopedia-Financial Report