Open a balance head and drill: head to grouping, grouping to ledger, ledger to the individual voucher that built it. The number on the face of the statement is never asserted — it is the source entry, a few clicks away, so a reviewer walks down to the voucher instead of taking the lead schedule on trust. Where the source data doesn't carry voucher-level detail, the drill stops at the ledger line and flags it rather than fabricating a link the data can't support.
Every schedule exports in your firm's own working-paper format — your columns, your headers, your file structure. No proprietary layout, no lock-in, no exit cost. The template is mapped once and reused across every engagement and branch, so the file comes up in the same shape each time without per-client reformatting. If you stop tomorrow, the papers you keep are already in the shape your file has always used.
The hard part isn't typing the schedule — it's mapping a messy ledger to the right account area and Schedule III bucket, where the same expense can sit under three different heads. CORAA proposes that mapping from your trial balance and ledger; you review and correct it once, and it persists to the next engagement and the next year rather than being redone every March. Where a ledger line is mis-grouped or can't be matched, it is flagged for you to place, not silently bucketed.
The lead schedules foot to the trial balance and the trial balance foots to the financial statements — so the working-paper file and the signed statements carry one set of numbers, not two a peer reviewer can pull apart.
A lead schedule for each significant account, with the drill from balance head through ledger to the underlying voucher. The working shown line by line, each figure traceable to the entry behind it — not a re-typed summary. Where the source data doesn't reach voucher level, the drill stops at the ledger line and flags it rather than inventing a link the data can't support.
Receivables and payables aged party-wise in two views at once — your operational buckets for the recovery conversation, and the statutory Schedule III due-date buckets for disclosure — so one ageing serves both the file and the notes. Every party in the ledger is aged, not a sample.
Payables carry the MSME 45-day split under s.43B(h) and the MSMED Act — micro and small suppliers separated, dues beyond the limit surfaced party-wise — for the disallowance question and the Schedule III MSME disclosure, drawn from the ledger rather than a side spreadsheet. CORAA surfaces the dues for the auditor's assessment; it does not decide the disallowance.
PPE as a block-wise roll-forward — opening, additions, deletions, closing — with s.32 depreciation and an IT-vs-Books reconciliation that carries the deferred-tax working under AS 22. The book block and the tax block reconciled in one schedule.
An indirect-method cash flow under AS 3, offered as a first-cut tie-out rather than a finished figure — operating, investing and financing reconciled to the change in cash, and rebuilt as the trial balance updates through finalisation. Non-cash items and reclassifications are surfaced for the auditor to adjust, not assumed away, so the working stays visible rather than becoming a black-box number you can't unpick.
Creditor and liability balances unmoved beyond three years surfaced for the s.41(1) cessation question — flagged party-wise for the auditor's judgment, not concluded on. CORAA makes no determination that a liability has ceased; it surfaces the stale balance so it isn't left unexamined in the ledger.
Every schedule carries a timestamped, rule-cited record traced to the source row and exportable straight to the working-paper file. A reviewer re-walks the figure down to the voucher instead of taking it on trust — the working paper stays evidence of the auditor's procedures, machine-assembled, not auto-concluded.
The same ledger and the same rules produce the same schedules every run — no probabilistic wording or figures that drift between engagements. Reproducible by design, which is what a peer review actually tests.
What a schedule surfaces for attention — a stale balance, an ageing breach, a depreciation variance — is filtered through the materiality you set, so the file flags what matters and stays quiet on what doesn't. Qualified, not assumed.
The ageing, the roll-forward and the cessation review run across the whole ledger, and each schedule foots to the trial balance and reconciles to the ledger control totals. Completeness is a tested control, not a 2% sample — and any line CORAA can't parse is flagged rather than dropped, so a gap shows up in the file instead of hiding in it.
Stops rebuilding lead schedules and ageings off last year's file. The schedules arrive assembled and sourced from the ledger; the time goes into the testing and the queries that actually need a person, not into formatting columns or re-tying mappings every March.
Reviews a file where every lead schedule drills to its voucher, the ageing carries both the operational and Schedule III buckets, and the MSME and cessation flags are already party-wise — no more reconciling the schedules against the ledger by hand. The grouping is mapped once and standardised, so the file comes up in the same shape across every office.
Signs knowing the lead schedules foot to the statement, the PPE block reconciles books to tax under AS 22, and the whole file is re-performable down to the voucher if a peer reviewer asks. The template and grouping map once and reuse across every engagement and branch. The opinion is theirs; the schedules are assembled.
