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* An audit report means an expression of opinion while audit certificate means the person issuing or signing the certificate vouchs the truth of the statement made by him.
* The audit report is based on facts, estimates and assumptions while the auditor's certificate is based on actual facts.
* The audit report is not a guarantee of the absolute correctness and accuracy of the books of accounts while auditor serves as a guarantee of the absolute correctness and accuracy of the books of accounts
* An auditor can be held responsible if the audit report is later on found to be wrong since he just gave an opinion. But a duly signed certificate is found wrong, he will be held responsible.
An audit report is the summary of audit findings, while the certificate is an indication of compliance of a particular standard or requiremnts
