Tax Audit Report

A Tax Audit Report is a document prepared by a tax auditor after reviewing a taxpayer’s financial records and filed returns. Its purpose is to verify that the income, deductions, and taxes reported are accurate and comply with tax laws. If discrepancies are found, the report may suggest adjustments or additional taxes owed. Essentially, it ensures transparency and fairness in tax collection, helping authorities prevent tax evasion while giving taxpayers confidence that their filings are properly checked. A clear and accurate audit report is crucial in maintaining the integrity of the tax system.