CORAA
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Stock audit · SA 501

The stock audit report still needs someone on-site.

CORAA doesn't replace the physical visit — no auditor has ever verified a warehouse from a spreadsheet. What it does is the ledger-side half of the job: closing stock tied to the Stock-in-Hand ledger, a gross-profit trend that explains itself, quantity-coverage against what was actually counted, and obsolescence, cut-off and third-party-stock flags — ready before the visit, not reconstructed after it.

What it prepares

The ledger-side half of the file — before or after the visit.

SA 501
Ledger-tied closing stock
Closing stock read straight from the Stock-in-Hand ledger, CY/PY movement composed as a percentage automatically, so it ties to the balance sheet by construction, not a separately maintained stock sheet.
SA 520
Gross-profit trend, with a conclusion
The gross-profit percentage is trended CY against PY under SA 520 analytical-review framing, with a written read on what moved and whether it holds up, not just the number.
Coverage
Quantity-coverage, honestly stated
A coverage card shows how much of the counted inventory the gathered audit evidence actually covers, so the physical-verification gap is visible, not assumed away.
Risk flags
Obsolescence, cut-off and honest nils
Obsolescence, expiry, cut-off and third-party-stock prompts surface where the ledger and vouchers support them, and a genuinely nil inventory is stated as a Type B nil, never an empty grid that looks like missing work.
Stock audit, answered

The questions auditors actually ask.

No. Physical verification — visiting the premises, counting stock, assessing condition and quality — is the auditor's or the appointed stock auditor's job, and nothing in CORAA substitutes for it. CORAA works from the ledger and the evidence you upload: it prepares the closing-stock figures, the analytical review, and the coverage and risk flags that go into the file, not the visit itself.
Closing stock read from the Stock-in-Hand ledger with CY/PY movement as a percentage, a gross-profit trend with a written SA 520 conclusion, per-item vendor price exceptions flagged for AS 2 review, and a quantity-coverage figure showing how much of the physical count the gathered evidence actually covers.
No — that calculation belongs to the bank and the appointed stock auditor. What CORAA gives you is the ledger-side inventory figures and the coverage gap those calculations are built on, quantified rather than assumed.
Obsolescence, expiry and cut-off risk are flagged where the ledger and evidence support them, and a separate prompt surfaces when inventory may be held on someone else's premises, or someone else's stock may be sitting on the auditee's — both real gaps a stock audit is supposed to catch, flagged rather than assumed away.
The working paper states a Type B nil plainly. A blank template page and a genuine nil look identical unless someone writes it down — CORAA writes it down.
Yes — India-hosted on AWS Mumbai (ap-south-1), DPDPA-aligned and ISO 27001 certified, with no model training on your data.
See the inventory working paper on your own file

Stock ties out. Before anyone visits the warehouse.

Free trial — first audit on us. No credit card. India-hosted. DPDPA compliant.

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Stock Audit — Inventory Working Paper Automation | CORAA | CORAA