Late filing of tax audit reports can result in penalties. The amount of the penalty depends on the country and the specific tax laws. Here are some examples:

• In the United States, if you file your tax return more than 60 days late, there may be a minimum penalty of $435 for late filing of an income tax return. The penalty is 5% of the amount of unpaid tax per month the return is late but capped at a maximum of 25% .

• In India, if the audit report is not filed within the stipulated time, the penalty would be levied via assessing officer under section 271B: 0.5% of the turnover, gross receipts, or total sales or Rs 1,50,000, whichever is lower.

• In general, if you fail an audit, you may get hit with a bigger tax bill. In addition to penalties, youre required to pay the additional taxes as well as the interest on those taxes.

• If the IRS determines that you filed late without an extension, you will also incur failure-to-file penalties. These are normally 5% every month that you are late, up to 25% of your tax due. However, if the IRS determines that you filed late in an attempt to evade taxes, the penalties will be 15% of the tax due.

It is important to file tax audit reports on time to avoid penalties.