AI Modules/Procedures/ಪ್ರಾಮುಖ್ಯತೆ

SA 320 · ಕಾರ್ಯವಿಧಾನ· विधि

ಪ್ರಾಮುಖ್ಯತೆ

The ICAI band rendered. The rationale captured. Locked before fieldwork.

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CORAA ಪ್ರಾಮುಖ್ಯತೆ memo locked under SA 320

SA 320 mandates that ಪ್ರಾಮುಖ್ಯತೆ be set before fieldwork begins, documented with rationale, and locked. CORAA's three-ಹಂತ wizard ಮಾರ್ಗದರ್ಶಿಗಳು the benchmark choice, PBT, Turnover, or Equity, applies the percentage, derives Performance ಪ್ರಾಮುಖ್ಯತೆ ಮತ್ತು Clearly Trivial Threshold, and locks the memo. Out-of-band percentages require written rationale SA ಪ್ರಕಾರ ಆಡಿಟ್ ಜಾಡಿನಲ್ಲಿ ಸೆರೆಹಿಡಿಯಲಾಗಿದೆ 230.

ಹಂತ 1: pick benchmark, PBT (3-10% typical), Turnover (0.5%), Equity (1-2%)
ಹಂತ 2: pick percentage with the ICAI 3-10% band shaded on the slider
ಹಂತ 3: derive PM (50-75% of OM per SA 320 A12) and CTT (typically 5% of OM)
Out-of-band selections require written rationale logged to ಆಡಿಟ್ ಜಾಡು
Memo locked before fieldwork, consumed by ಮಾದರಿ, ಫಲಿತಾಂಶಗಳು, Opinion
Revision triggers a SA ಪ್ರಕಾರ ದಾಖಲಿತ ಮರು-ಮೌಲ್ಯಮಾಪನ ಟಿಪ್ಪಣಿ 230

Two paths, one ledger

The old way, and ours.

Two paths to the same audit conclusion. One leaves traces; the other doesn't.

Traditional

The old way

-ಪ್ರಾಮುಖ್ಯತೆ calculated on a sheet of paper, often without written rationale
-Benchmark choice (PBT vs Turnover vs Equity) made on instinct, not documented
-Off-band percentages used without explanation
-PM and CTT rarely separated; ಮಾದರಿ done at OM level
-ಪ್ರಾಮುಖ್ಯತೆ 'adjusted' mid-ಎಂಗೇಜ್‌ಮೆಂಟ್ without trail

Falls apart under NFRA inspection. Peer reviewers cannot retrace the ಆಡಿಟರ್'s logic.

CORAA

On the Ledger

Benchmark selection captured with the basis (profit-making, loss-making, listed)
Percentage on a slider with ICAI 3-10% band shaded, visual guidance
PM and CTT derived automatically with explicit ratios
Off-band selections force a written rationale before locking
Locked memo is read-only, revision requires a documented note
Every change SA ಪ್ರಕಾರ ಆಡಿಟ್ ಜಾಡಿನಲ್ಲಿ ಸೆರೆಹಿಡಿಯಲಾಗಿದೆ 230

Defensible under NFRA inspection and peer review. Every judgment retraceable.

How it works

Three steps. Every trace logged.

Step 01

Pick the benchmark

Three choices: Profit Before Tax (typical 3-10% for profit-making entities), Turnover (0.5% for loss-making, SME, or volatile-PBT entities), or Equity (1-2% for investor-led entities). CORAA renders all three benchmark values from the financials and recommends the lowest for listed entities.

Step 02

Pick the percentage

A slider with the ICAI 3-10% band shaded. Selections inside the band require no rationale. Selections outside the band require a written justification before the wizard advances. Resulting Overall ಪ್ರಾಮುಖ್ಯತೆ renders immediately.

Step 03

Derive PM and CTT

Performance ಪ್ರಾಮುಖ್ಯತೆ at 50-75% of OM (SA 320 A12), 75% default for low-ಅಪಾಯ ಎಂಗೇಜ್‌ಮೆಂಟ್‌ಗಳು, 50% for higher-ಅಪಾಯ. Clearly Trivial Threshold at typically 5% of OM. Both rendered on sliders. Lock the memo when satisfied.

Inside the module

What you actually get.

ICAI band shaded on the slider

SA 320 suggests 3-10% of PBT as the typical band. CORAA's slider renders the band visually, selections inside don't trigger the rationale requirement; selections outside the band force a written justification.

›Band rendered on PBT, Turnover, and Equity sliders
›Out-of-band triggers a rationale modal
›Rationale stored in SA ಪ್ರಕಾರ ಆಡಿಟ್ ಜಾಡು 230

Locked memo, ಆಡಿಟ್-trailed

Once locked, the ಪ್ರಾಮುಖ್ಯತೆ memo is read-only. ಮಾದರಿ, ಫಲಿತಾಂಶಗಳು classification, and Opinion sign-off all consume the locked numbers. Revision requires ದಾಖಲಿತ ಮರು-ಮೌಲ್ಯಮಾಪನ ಟಿಪ್ಪಣಿ explaining what changed and why.

›Memo immutable after lock
›Revision tracked with reason
›Original and revised versions both preserved
›ಎಂಗೇಜ್‌ಮೆಂಟ್ Log captures every event

PM and CTT derived from OM

Performance ಪ್ರಾಮುಖ್ಯತೆ (PM) is the buffer used for individual ಕಾರ್ಯವಿಧಾನಗಳು, 50-75% of Overall ಪ್ರಾಮುಖ್ಯತೆ per SA 320 A12. Clearly Trivial Threshold (CTT) is the de minimis floor, typically 5% of OM. CORAA derives both with explicit ratios and lets the ಆಡಿಟರ್ adjust within the band.

›PM: 50-75% of OM, default 75% for low-ಅಪಾಯ
›CTT: typically 5% of OM, range 3-10%
›Both ಶುಲ್ಕd ಫಲಿತಾಂಶಗಳು classification: Above PM, Above CTT, Below CTT
›ಮಾದರಿ consumes PM as its denominator

Defensible under NFRA inspection

The memo and ಆಡಿಟ್ ಜಾಡು satisfy NFRA inspection and peer review requirements, benchmark choice documented, percentage band-justified, PM/CTT rationale captured, every revision time-stamped per SA 230.

›SA 320 paragraph anchors per choice
›SA 230 documentation requirements met
›Peer review ready, full retrace possible
›NFRA inspection ready

Frequently asked

Answers, up front.

SA 320 explicitly requires ಪ್ರಾಮುಖ್ಯತೆ to be set before fieldwork begins. Once ಮಾದರಿ, ಫಲಿತಾಂಶಗಳು classification, and Opinion sign-off rely on the number, it cannot quietly change. CORAA enforces the lock; revision requires a SA ಪ್ರಕಾರ ದಾಖಲಿತ ಮರು-ಮೌಲ್ಯಮಾಪನ ಟಿಪ್ಪಣಿ 230. The locked memo is what makes the ವರ್ಕಿಂಗ್ ಪೇಪರ್ defensible under NFRA inspection or peer review.

PBT-based ಪ್ರಾಮುಖ್ಯತೆ on a loss-making entity is volatile and not typically appropriate. CORAA recommends Turnover (0.5% of revenue) for loss-making entities, SMEs, and businesses with cyclical PBT. The wizard surfaces this recommendation when PBT is negative or near zero. The benchmark choice is the ಆಡಿಟರ್'s, but CORAA documents the reasoning.

Default is 75% of OM for low-ಅಪಾಯ ಎಂಗೇಜ್‌ಮೆಂಟ್‌ಗಳು (no prior-year ಆಡಿಟ್ qualifications, documented internal controls, limited estimates). 50% for higher-ಅಪಾಯ ಎಂಗೇಜ್‌ಮೆಂಟ್‌ಗಳು (prior-year ಫಲಿತಾಂಶಗಳು, weak controls, significant estimates). The slider lets the ಆಡಿಟರ್ pick within the SA 320 A12 band of 50-75% with the rationale captured.

ಹೌದು, but only with a documented re-evaluation. CORAA prompts a re-evaluation note when actual PBT (post-ಆಡಿಟ್) deviates from planning PBT by more than 10%, typically when significant misstatements are found that shift the benchmark. The original memo and the revised memo are both preserved; ಆಡಿಟ್ ಜಾಡು shows what changed and why.

See it on a real ledger

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