
In simple words, smooth formwork makes the surface of wall smooth, while the rough formwork leaves the concrete surface as roughly cast.
refer ACI 301- 96 for details about homework and their types.
In general, after removing the formwork the surface needs to be smoothed with the help of plastering or sandblasting. If the thickness is exceeded 10 mm then it is a type of rough formwork.
Hope you understood the concept.