CORAA handles the most time-consuming procedures in manufacturing audits, inventory reconciliation, revenue cut-off, CARO 2020 extraction, and vendor analysis, all from a single Tally import.
Inventory and multi-location operations layer onto every standard audit.
Manufacturing clients add inventory complexity, multi-location operations, and multi-rate GST onto the standard audit checklist.
Inventory valuation
Costing complexity
FIFO or weighted average costing across raw materials, WIP, and finished goods. Valuation at cost or NRV. Slow-moving and obsolete stock provisioning. Each element requires data extraction and verification.
Year-end cut-off
Revenue cut-off
Manufacturing companies dispatch goods throughout December and January. Accurate revenue cut-off requires tracing each late-December dispatch against the invoice date, POD, and accounting entry.
Clause coverage
CARO 2020 reporting
All non-small companies must comply with CARO 2020. For manufacturing, key clauses include: physical verification of inventory, charges on assets, immovable property, statutory dues, and related party transactions.
ITC reconciliation
Multi-rate GST
Manufacturing clients often have inputs taxed at multiple GST rates. ITC reconciliation requires matching GSTR-2B with books across multiple product lines and HSN codes.
Coraa ਇਨ੍ਹਾਂ ਨੂੰ ਕਿਵੇਂ ਹੱਲ ਕਰਦਾ ਹੈ
One Tally import. all procedures run simultaneously.
Inventory movement analysis, purchases, consumption, closing stock reconciliation
Revenue cut-off testing, dispatches near year-end vs sales ledger
Fixed asset capitalisation review, capex vs opex classification
CARO 2020 data extraction across all relevant clauses
Vendor payment analysis, round numbers, related parties, new vendors
