Manufacturing Company Audit Automation
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.
Manufacturing Audit Challenges
Manufacturing clients add inventory complexity and multi-location operations to standard audit requirements.
Inventory 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.
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.
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.
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.
What Gets Automated
One Tally import. All procedures run simultaneously.
Start Your First Manufacturing Audit on CORAA
Free 14-day trial. No credit card. India-hosted. DPDPA compliant.