Audit automation insights.

Agentic AI in Internal Audit 2026: What Is an AI Agent, What It Can Take Over and What It Should Not

Agentic AI in internal audit, explained for 2026: what an AI agent is in plain words, how it differs from a chat assistant, the internal audit work an agent can take over, the decisions it should never make, four control questions before one touches audit evidence, and how the September 2026 vendor announcements fit.

1 Oct 2026

10 min read

AI in Internal Audit 2026: What It Does at Each Stage, What It Cannot Do, and What the Auditor Still Owns (India Guide)

AI in internal audit in 2026, stage by stage for Indian internal audit teams: annual plan, RCM, walkthroughs, data requests, testing, observations, audit committee reporting and follow-up. What works, what does not, the two kinds of AI and why the difference matters for evidence, Section 138 and SIA points that do not change, data rules and a 90-day plan.

1 Oct 2026

14 min read

AI in Internal Audit: October 2026 Update — What Launched, What the Surveys Say, What It Means in India

AI in internal audit, October 2026 update: the agentic internal audit announcements from UiPath and BDO USA, DataSnipper, Diligent, Workiva and Fieldguide; what the IIA Foundation and EY surveys found; reported AI agent incidents; the NYSE internal audit proposal; ICAI's standards position; and five actions for an Indian internal audit function this month.

1 Oct 2026

11 min read

AI Prompts for Internal Audit (2026): RCM, Walkthrough and Observation Prompts That Survive Review

AI prompts for internal audit in 2026: why most audit prompts fail, the anatomy of one that works, and six worked prompts (RCM, walkthrough, test design, observation, management response, ATR follow-up) with the shape of a good answer and a checking routine.

1 Oct 2026

11 min read

Audit Committee Questions to Ask Internal Audit (2026): 17 Questions and What a Good Answer Sounds Like

Audit committee questions to ask internal audit in 2026: seventeen questions on plan and coverage, independence, findings and closure, fraud and data, and the use of technology and AI — each with what a good answer and a weak answer sound like, and the audit committee's role under Indian law.

1 Oct 2026

10 min read

Can AI Write an Internal Audit Report? (2026) What It Drafts, What It Cannot Supply, and a Worked Observation

Can AI write an internal audit report in 2026? It can draft an observation from facts you give it; it cannot supply the evidence, the agreed facts or the rating. A worked example from rough fieldwork notes to a five-part observation, plus the senior's review checklist.

1 Oct 2026

12 min read

ChatGPT for Internal Audit (2026): 12 Copy-Ready Prompts, Where It Helps and Where It Fails

ChatGPT for internal audit in 2026: twelve complete prompts grouped by audit stage (RCM from a process narrative, walkthrough questions, test steps, sampling rationale, five-part observations, management-response challenge, audit committee summary, ATR follow-up), what not to paste, how to check the output, and what to record in the working paper.

1 Oct 2026

11 min read

Claude for Internal Audit (2026): How to Set Up a Project for One Engagement, with Prompts and a Worked Flow

Claude for internal audit in 2026: how an internal audit team sets up a Claude Project for one engagement (approved scope, RCM, prior-year report, policies with sensitive data removed), a standing instruction that fixes the rating scale and observation format, a worked flow from scope document to draft observations, ten complete prompts, reviewing policies and contracts against a control checklist, limits, data rules and what to record.

1 Oct 2026

11 min read

Copilot in Excel for Audit (2026): Eight Internal Audit Tests, the Plain-English Ask and the Formula to Expect

Copilot in Excel for audit testing in 2026: what an AI assistant in a spreadsheet is good for, eight internal audit tests with the ask and the classic Excel formula the answer should resemble, and the limits on completeness, wrong formulas and client data.

1 Oct 2026

11 min read

Duplicate Payment Audit 2026: How Duplicates Happen and the Tests That Find Them in Tally and SAP

How to find duplicate payments in 2026: the ways a vendor bill gets paid twice, the data tests explained in plain words, a worked table of sample rows, false positives to expect, recovery steps and prevention controls for Tally and SAP.

1 Oct 2026

11 min read

How to Audit AI Agents in 2026: An Internal Audit Programme with Risks, Controls, Tests and Evidence

How to audit AI agents in 2026: an internal audit programme for a company deploying AI agents in its own operations. Nine areas — inventory, permissions and credentials, change control, logging and replay, human approval, data access, incidents, vendor terms and drift monitoring — each with the risk, the control to look for, the test and the evidence, plus a worked example and an India lens.

1 Oct 2026

11 min read

ICAI AI Prompt Library 2026: What It Is, Where to Find It and How to Use the Prompts in Audit Work

The ICAI AI prompt library sits at ai.icai.org under Resources. What we found there on 1 October 2026: eight categories, member-contributed prompts for ChatGPT, Claude and Gemini, open to read without signing in. Plus how to adapt any library prompt for a statutory audit, tax audit or internal audit engagement.

1 Oct 2026

10 min read

Intercompany Reconciliation Format (2026): Balance Matrix, Worked Example and Elimination Entries

An intercompany reconciliation format in Excel for 2026: why group balances never agree, the balance matrix, a three-entity worked example with the correcting and elimination entries, who owns closure, and where it sits in the month-end close.

1 Oct 2026

10 min read

Internal Audit for Newly Listed Companies in 2026: India's Rule and the NYSE Five-Year Proposal

In August 2026 the NYSE proposed giving newly listed companies five years, instead of one, to set up an internal audit function; the IIA and a coalition asked the SEC to reject it. What was proposed, what was said, how India's Section 138 treats a listed company, and what a company preparing for an IPO in India should have in place.

1 Oct 2026

7 min read

Internal Audit in 2026: What Has Actually Changed for an Indian Internal Audit Function

Internal audit in 2026 for Indian companies and CA firms: the internal audit standards picture (two ICAI SIA numbering sets and the IIA's Global Internal Audit Standards), what audit committees now expect, testing every transaction where data allows, AI assistance and its limits, the stricter layer for banks, NBFCs and market intermediaries, data protection, and a checklist for this quarter.

1 Oct 2026

11 min read

Internal Audit vs Continuous Monitoring vs MIS (2026): Who Sees What, and Why You Need All Three

Internal audit vs continuous monitoring vs MIS in 2026, in plain words: the monthly management pack, ongoing exception monitoring across every transaction, and the periodic internal audit — who reads each, how often, what each can and cannot tell you, and what the audit committee still needs from internal audit.

1 Oct 2026

10 min read

Appointment of Internal Auditor for FY 2026-27: Board Resolution, Section 138 Rules and Who Can Be Appointed

Appointment of internal auditor for FY 2026-27 under Section 138: which companies must appoint in 2026, who can be appointed, why the statutory auditor cannot, what the Audit Committee must settle on scope and periodicity, the board resolution, the MGT-14 question, what listed companies disclose, and a step list with timing.

1 Oct 2026

10 min read

ISO 42001 Internal Audit Checklist 2026: Auditing an AI Management System, Area by Area

An ISO 42001 internal audit checklist for 2026: what the AI management system standard covers, how it is structured, and audit questions with the evidence to ask for across seven areas, from context and scope to improvement. With a worked example, the India position and how it sits beside the DPDP Act.

1 Oct 2026

11 min read

MIS Report Format in Excel (2026): What a CFO Should See Every Month

A monthly MIS report format in Excel for 2026: one executive page, P&L against budget and last year, working capital and cash, KPIs, and exceptions with an owner and a date. What to leave out, common mistakes, and how the pack changes for a multi-entity group.

1 Oct 2026

10 min read

Month End Closing Checklist 2026: A Five-Day Close Calendar for Tally and SAP

A month end closing checklist for 2026 laid out as a calendar: what to do before month-end, on working days 1-2, 3-4 and 5, who owns each step, the evidence for it, where to look in Tally and SAP, and how to shorten the close without weakening review.

1 Oct 2026

11 min read

SAP Tables for Internal Audit (2026): The Data Request, Cycle by Cycle

SAP tables for audit in 2026, cycle by cycle: procure-to-pay, order-to-cash, record-to-report, fixed assets, inventory, payroll and user access, with key fields, how to word the request, ECC versus S/4HANA differences, Tally equivalents and the mistakes that waste a week.

1 Oct 2026

12 min read

Third Proviso to Section 44AB: "Audited Under Any Other Law" in Form 3CA (AY 2026-27)

What the third proviso to Section 44AB means, who it covers, when to select "audited under any other law" in Clause 8 of Form 3CD, and how it decides Form 3CA versus Form 3CB for AY 2026-27.

1 Oct 2026

7 min read

What Is an AI Agent? A Plain-Words Explainer for Auditors and CAs (2026)

What is an AI agent, in plain words for a chartered accountant in 2026: software that is given a goal, plans the steps and carries them out using other systems. How an agent differs from a chatbot and from a fixed rule-based check, a worked audit illustration, what tools, memory and autonomy mean, ten questions to ask before trusting one, and a glossary.

1 Oct 2026

9 min read

Working Capital Management (2026): Where Cash Hides in Receivables, Inventory and Payables

Working capital management for 2026 in plain words: where cash gets stuck, the cash conversion cycle formula with DSO, DIO and DPO, a worked example, how to reduce debtor days, and a monthly review routine with an owner for every item.

1 Oct 2026

10 min read

Balance Confirmation Letter Format Under SA 505: Positive vs Negative, and What to Do on Non-Response

How to draft a balance confirmation letter under SA 505 for debtors, creditors and banks, choose positive or negative requests, handle non-responses and management refusal, and document it.

26 Sept 2026

8 min read

Drawing Power Calculation: Stock, Book Debts and Margins Explained for CAs

How banks calculate drawing power for cash credit and overdraft accounts, with a worked example, a stock-audit checklist and the errors CA firms most often find.

26 Sept 2026

8 min read

How to Use ChatGPT and Claude for Balance Confirmation Letters: A Step-by-Step Guide for Auditors

Step-by-step prompts for using ChatGPT, Claude or Gemini to draft SA 505 balance confirmation letters, track replies, plan non-response follow-up and document alternative procedures, with the auditor in control.

26 Sept 2026

8 min read

How to Use ChatGPT and Claude for Drawing Power Calculation: A Step-by-Step Guide for CAs

A step-by-step method for using ChatGPT, Claude or Gemini to re-perform a drawing power calculation safely, with copy-paste prompts, a worked case and checks against errors.

26 Sept 2026

8 min read

How to Use ChatGPT and Claude for NPA Classification of Agricultural Loans: A Step-by-Step Guide for CAs

A step-by-step method for using ChatGPT, Claude or Gemini to test agricultural and allied loans for NPA classification and provisioning: safe setup, copy-paste prompts, a worked answer, and the checks that catch AI errors.

26 Sept 2026

9 min read

How to Use ChatGPT and Claude to Work Out TCS on Scrap Sale: A Step-by-Step Guide for CAs

A safe way to use a general AI assistant to compute TCS on the sale of scrap - Section 206C(1) of the Income-tax Act 1961 and Section 394 of the Income-tax Act 2025 - with copy-paste prompts, a hand-checked example and the errors to catch.

26 Sept 2026

9 min read