SA 240 requires the ऑडिटर to test जर्नल एंट्रियाँ with three specific जोखिम areas: last-मिनट manual journals (often the final fortnight of the वित्तीय वर्ष), unusual debit-credit pairings that may signal earnings management, and related-party transaction rings. CORAA tests the complete journal universe against सभी three, not a sample. The SA 240 वर्किंग पेपर documents the प्रक्रिया with source वाउचर attached.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
CORAA filters the journal for entries created manually (उपयोगकर्ता-posted, not system-generated) within a configurable window before वर्ष-end. Default is the last 14 दिन. The ऑडिटर sees every such JE, its amount, the लेजर debited and credited, and the source वाउचर.
Some लेजर pairs are red flags: Bank debited with Revenue credited (unusual; revenue typically goes to Debtors first), Suspense लेजर debited with Other Income credited, etc. CORAA's pairing rules flag these patterns across the complete journal.
Once the Related Party list is set in एंगेजमेंट सेटअप, CORAA builds a graph of transactions between related parties. Circular flows (Entity A pays B, B pays C, C pays A) surface as rings. The graph is shown in Intelligence Studio.
Tally and SAP both distinguish उपयोगकर्ता-created journals from system-posted ones (system journals are typically depreciation, accrual reversals, etc.). CORAA reads the entry's origin and filters the journal universe accordingly.
Rules anchored to common earnings management patterns: revenue recognition shortcuts, expense deferrals, suspense लेजर usage, late-period reclassifications. Each rule has an SA 240 paragraph reference.
Intelligence Studio संबंधित-पक्ष लेन-देन ग्राफ़ प्रस्तुत करता है। प्रत्येक संबंधित संस्था एक नोड है; प्रत्येक लेन-देन राशि के भार वाला एक किनारा है। परिपत्र प्रवाह स्वचालित रूप से उजागर होते हैं। लेन-देन में गहराई से जाने के लिए किसी भी नोड पर क्लिक करें।
The SA 240 Working Paper documents the प्रक्रिया performed: which window was tested, which rules were applied, which entries were flagged, which were dismissed with ऑडिटर rationale.
