Free Resources
Audit Templates & Checklists
Practical, standards-aligned resources for Indian CA firms. Download free — no credit card required. All resources sourced to ISA, Ind AS, and ICAI standards.
8 resources · Updated March 2026
SQM1 Compliance Checklist for CA Firms
5-objective quality management checklist aligned to ICAI SQM1 (mandatory July 2026). Covers competence, independence, engagement performance, acceptance & continuance, and monitoring.
EQCM Review Memo Template (SQM1)
Ready-to-use Engagement Quality Control Review memo with 6 sections: significant judgments, independence, fraud risk, financial statement disclosures, documentation, and overall conclusion.
Ind AS 116 Lease Testing Checklist
9-section audit checklist for systematic lease testing per Ind AS 116. Covers lease identification, term determination, ROU calculation, discount rate, modifications, and disclosures.
Related Party Verification Checklist (Ind AS 24)
7-section checklist for RP identification, arm's length testing, board approval verification, disclosure review, and Form AOC-2 for listed companies per Ind AS 24.
Continuous Audit Monitoring Rules Template
16 ready-to-deploy monitoring rules across 5 categories: authorisation controls, revenue & cutoff, bank reconciliation, duplicate detection, and related party alerts.
Audit Glossary: 100+ Terms Reference Guide
Comprehensive A-Z glossary of audit terms — ISA, Ind AS, SQM1, COSO, NFRA, and more. Essential reference for CA teams onboarding to audit automation.
CORAA vs WeAudit vs AssureAI — Feature Comparison
Detailed side-by-side comparison of India's top audit automation platforms across 20+ features including Ind AS support, vouching, SQM1, pricing, and integrations.
CARO 2020 Compliance Audit Checklist
Systematic CARO 2020 reporting checklist covering all 21 reporting matters. Includes documentation requirements and common deficiencies identified in NFRA inspections.
Why These Resources?
Standards-Aligned
Every checklist and template is sourced to ISA, Ind AS, ICAI, or Companies Act — not opinion pieces.
India-Specific
Built for Indian CA firms — CARO 2020, Ind AS thresholds, NFRA inspection standards, SQM1 requirements.
Ready to Use
Not theory. Practical checklists with worked examples, sign-off sections, and NFRA-defensible documentation.
See These Procedures in Action
CORAA automates every checklist on this page — ledger scrutiny, lease testing, related party verification, SQM1 compliance, and continuous monitoring. In one platform.
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