CORAA

AI Model Risk Assessment for Audit Use (Word)

Assess an AI tool's purpose, data, accuracy, review and legal fit before using it on audit work.

Free · CORAA original — SA-aligned
Updated 17 Oct 2026
Assesses
Data · accuracy · review
Result
Approved uses only
Rule
Professional stays responsible
Format
Editable Word
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Your firm — letterhead
Appears at the top of the document as the audit firm letterhead.
Used as the letterhead block.
Engagement details
The client and period this document is for.
What’s inside

An excerpt from the template.

AI Model Risk Assessment for Audit Use — ___

Scope / period: ___ | Prepared by: ___ | Reviewed by: ___ | Date: ___

Assess an AI model or tool before using it on audit work. The professional remains responsible for the work. Check the firm's AI policy, client confidentiality terms and any current guidance from the ICAI or other regulator.

↑ Excerpt only — the full template is what you download as Word
About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

Everything is generated in your browser and on a stateless API endpoint — no account, nothing stored on our servers. We’ll ask for a work email once before your first download so we can send you the file and the occasional relevant update; after that, downloads on this device are instant. Edit freely in Word, Google Docs or Pages before sending to your client.

Common questions

FAQs.

Who is responsible for AI-assisted audit work?
The professional who signs off the work. Check the firm's AI policy and any current ICAI guidance.
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