What is the difference between annual report and audit report?
Modified on: Fri, 28 Aug, 2020 at 5:29 PM
An annual report is a comprehensive report of the organization's activities throughout the preceding year. They highlight the financial performances and other activities of the organization, in order to make it available for the public.
An audit report is a written opinion of an auditor regarding an entity's financial statements. It comprises of balance sheet and other accounts.