CORAA handles the high-volume mechanical procedures in listed company audits, CARO 2020 data extraction, Ind AS testing, SEBI LODR compliance checks, so your team focuses on professional judgement.
More regulation, higher documentation than private company audits.
Listed company audits carry more regulatory obligations, higher documentation standards, and greater scrutiny, and every working paper may be read by NFRA.
Clause coverage
CARO 2020 reporting
CARO 2020 requires detailed reporting across 22 clauses. Many require data extraction and cross-referencing, loans, immovable property, statutory dues, related party transactions, fraud reporting.
Inspection-ready
NFRA inspection risk
Listed company auditors are subject to NFRA inspection. Documentation must be self-contained, contemporaneous, and traceable. Generic working paper templates do not meet the standard.
SEBI LODR
Related party testing
Related party transactions must be approved by the audit committee before they occur. As auditor, you must verify not just disclosure but the procedural compliance, a highly manual exercise.
Standards depth
Ind AS complexity
Listed companies apply Ind AS. Revenue recognition (Ind AS 115), leases (Ind AS 116), and financial instruments (Ind AS 109) all require audit procedures significantly more complex than old AS equivalents.
How Coraa addresses them
One Tally import. All procedures run simultaneously.
CARO 2020 data extraction and cross-referencing across all 22 clauses
Ind AS 115 revenue recognition, cut-off testing and contract analysis
Ind AS 116 lease liability reconciliation and ROU asset verification
Ind AS 24 related party transaction identification, 100% ledger scan
SEBI LODR compliance, audit committee approval verification
