ATTESTATION & STATUTORY AUDIT MODULE

Statutory Audit & CARO 2020 Working Papers.

Execute statutory audits with SA 230 digital working papers, CARO 2020 21-clause checklists, materiality sampling, and mandatory UDIN verification controls.

Launch Audit Workspace All Practice Modules

DOCUMENTATION STANDARD

Standards on Auditing (SA 230 & SA 500) Compliance

Mandatory 7-Year Digital Audit Working Paper Retention

Digital working paper architecture built to fulfill ICAI SA 230 (Audit Documentation) and SA 500 (Audit Evidence) requirements for 7-year statutory retention.

SA 230 audit documentation binder generation with version history
SA 500 audit evidence indexing for trial balance & ledger verification
SA 315 risk assessment & internal control evaluation worksheets
SA 580 Written Representation (Management Representation Letter) generator

CARO 2020 CHECKLIST

CARO 2020 21-Clause Digital Checklist

Comprehensive Order 2020 Reporting & Evidence Linking

Interactive 21-clause checklist for Companies (Auditor's Report) Order 2020 covering PPE physical verification, working capital limits, undisclosed income, and statutory dues defaults.

Clause (i) Property, Plant & Equipment & Benami Property verification
Clause (ii) Inventory physical verification & quarterly bank statements returns match
Clause (vii) Statutory dues payment default & dispute reporting schedule
Clause (xvii) Cash losses & Clause (xxi) Subsidiary qualification summary

SAMPLING ENGINE

Materiality Threshold & Audit Sampling Engine

Statistical Sampling & Tolerable Misstatement Calculation

Calculate performance materiality, tolerable misstatements, and sample sizes based on ICAI auditing benchmarks (Turnover, PBT, Net Assets).

Materiality calculation benchmark (0.5% turnover / 5% PBT / 1% net assets)
Performance materiality & clearly trivial threshold configuration
Statistical Monetary Unit Sampling (MUS) & random sample selector
Extrapolation of sample errors to population with audit conclusion notes

UDIN VERIFICATION

Mandatory UDIN Generation Safeguard

Prevent Unverified Audit Report Release

Enforce mandatory Unique Document Identification Number (UDIN) verification prior to final audit report release and client delivery.

Pre-release check blocking audit report export without valid UDIN
ICAI UDIN portal integration for instant UDIN registration verification
Audit report & tax audit certificate UDIN log for peer review
Multi-partner signatory routing for joint audit engagements

ICAI SQC 1 Quality Control Standard

Explore how CA Office OS enforces ICAI Standard on Quality Control 1 across your practice.

View ICAI Quality Standards