Yes, that's true - although I would expect that countries with widespread easy testing would have their "confirmed cases" number get pretty close to the "actual cases" number.
And "actual cases" would be the people that have the actual disease, not the people that just carry the virus. For people who are carriers but are not infected, they apparently don't want to mix those people into the numbers because that's not how other illnesses are counted either.
This number would be smaller than both of the ones you mentioned, unless you think that somehow all actual cases are detected.