Investments prints its own decision rule directly on the page: Type A, a nil conclusion, applies only when both the count and the balance confirm zero; Type B, present, applies whenever there's a balance or a count to test, and routes into the full testing procedures. The auditor sees which branch applied and why, not a black-box conclusion. Sub-type classification, Subsidiary, Associate, or Joint Venture, and Quoted or Unquoted, is read structurally from the parent ledger group in the classification, never guessed from the ledger's name text. Valuation is explicitly routed to the auditor's judgment; CORAA does not value investments itself, it surfaces the cost, any market data on hand, and the classification for the auditor to apply Ind AS 105 or the applicable framework. Investments held but not reflected in the books, off-book holdings, raise an SA 505 caution flag rather than being silently missed.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
Every investment ledger is run through one rule: if both the count and the balance are zero, it's Type A, nil, confirmed. Anything else is Type B, present, and moves into the full testing path. The rule itself is printed on the page so the auditor sees which branch fired and why.
Subsidiary, Associate, or Joint Venture, and Quoted or Unquoted, are read off the parent ledger group in the classification structure, never inferred by pattern-matching the investment's name.
CORAA surfaces cost and any available market data but does not value the investment itself, that judgment call under Ind AS 105 or the applicable standard stays with the auditor. Investments held outside the books are flagged as an SA 505 caution rather than going unnoticed.
The nil-vs-present branch is computed from one explicit rule, count = 0 and balance = 0 for Type A nil, anything else routes to Type B present, and the rule is printed on the working paper itself.
Subsidiary / Associate / Joint Venture and Quoted / Unquoted are read from the parent ledger group in the classification, so sub-type never depends on guessing from the investment's name.
Cost and available market data are surfaced; valuation under Ind AS 105 or the applicable framework is explicitly left as the auditor's call, never computed as a system conclusion.
Investments the auditee holds but that aren't reflected in the books raise an SA 505 caution flag, so an off-book holding doesn't slip past the working paper unnoticed.
