First work at the level of differential forms. The fiber description implies , so every pullback is -invariant. Since is a surjective local diffeomorphism, its pullback on forms is injective: at any , choose a lift and use the inverse of to evaluate the form on arbitrary tangent vectors at .
Conversely let be an -invariant form on . For a local inverse of , define . If two inverses select the same lift they agree locally; if they select different lifts, the fiber condition identifies the second with composed with the first. Locally these alternatives are stable, using disjoint inverse neighborhoods at distinct lifts. The equality therefore makes the local definitions agree. They glue to a unique smooth form on with . Thus
is an isomorphism of complexes, with the exterior derivative on both sides.
It remains to compare the cohomology of the invariant complex with invariant de Rham cohomology classes. Put on forms. If and , then is invariant, closed and represents the same class, because its class is the average of two equal classes. If an invariant form is exact, , then with an invariant primitive. This proves both surjectivity and injectivity on cohomology. For there are no negative-degree primitives, and the same conclusion follows directly from closed functions.
Combining the two steps gives
This is the de Rham cohomology of a finite quotient argument specialized to an involution. It does not require orientation. The hypotheses do not explicitly exclude ; then all fibers are singletons, is a bijective local diffeomorphism and the conclusion is the ordinary diffeomorphism invariance. If has one fixed point, local injectivity of makes its fixed set open as well as closed; connectedness of forces this identity case. Otherwise the fibers have two points and is the usual double covering.

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