Most "audit software" sold in India is general-purpose practice management with a single "checklist" tab bolted on. Audit Suite is different. It is a complete statutory audit workflow — 100 substantive checklist items, all 21 CARO 2020 clauses, IND-AS and AS frameworks, automated working papers and Schedule III disclosures — designed for the way ICAI expects an audit to be documented under SA 230.
Every statutory audit should leave behind a defensible trail. The Audit Suite checklist is structured in nine phases that mirror how a quality audit actually unfolds — from acceptance procedures under SA 210 through final reporting under SA 700. Items are pre-mapped to relevant Standards on Auditing, so when a peer reviewer or ICAI inspector picks up your file they can trace every conclusion back to the standard that required it.
The Companies (Auditor's Report) Order 2020 expanded the auditor's reporting matrix substantially over CARO 2016. Audit Suite handles applicability and reporting for every clause: (i) Property, Plant and Equipment including title deeds verification; (ii) Inventory physical verification; (iii) Loans, investments, guarantees, security; (iv) Section 185 and 186 compliance; (v) Deposits under Section 73-76; (vi) Cost records; (vii) Statutory dues including GST, ESI, PF; (viii) Income from undisclosed sources; (ix) Default on borrowings; (x) Application of IPO/FPO and term loans; (xi) Fraud reporting under Section 143(12); (xii) Nidhi company compliance; and so on through (xxi) Subsidiary qualifications by component auditors.
Each clause carries an applicability rule (some only apply to companies meeting Section 143(11) thresholds), a prompt for the auditor to document evidence, and a draft sentence the software composes into a final CARO report. The draft is fully editable — Audit Suite assists, it doesn't substitute professional judgment.
Excel working papers are how most Indian audits are documented, and most of them look the same: a debtors ageing here, a fixed asset register there, a TDS reconciliation, a bank reconciliation, a stock summary. Audit Suite ships ten of the most-used templates pre-built and auto-named by engagement, partner, and financial year. Pull a trial balance from Tally and the bank reconciliation populates itself with the opening balance, closing balance, and a placeholder grid for outstanding cheques.
Listed companies and most large unlisted ones report under IND-AS; the long tail of SMEs and private companies still report under AS. Audit Suite supports both. The Schedule III disclosure checklist switches automatically based on the framework you set during engagement setup. Expected credit loss provisioning under IND-AS 109, financial-instrument classification under IND-AS 32, lease accounting under IND-AS 116 — each has its own working paper template and disclosure prompt.
Audit Suite is built for the long tail of Indian Chartered Accountancy — the sole proprietor CAs, two-partner boutique firms, small CA firms with three or four articled clerks, and mid-sized practices with ten partners or more. The product sits in the middle of where the profession actually lives, not in the corner where the Big Four operate. Firms across Hyderabad, Bangalore, Mumbai, Delhi NCR, Chennai, Pune, Kolkata, Ahmedabad, Jaipur, Kochi and Coimbatore run their statutory audits on it. The articled-clerk-friendly interface and SA-aligned working papers make it the typical first audit-tech investment a growing practice makes.
Looking for statutory audit software in Hyderabad / Bangalore / Mumbai / Delhi / Chennai / Pune / Kolkata / Ahmedabad / Jaipur / Kochi / Coimbatore? Audit Suite is a cloud product — every CA firm gets a dedicated workspace and works from any browser, anywhere in India.
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