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Use cases/New engagements

New engagement onboarding.

The first weeks of a new client go to setup: mapping accounts and building lead schedules. CORAA does that setup so your team begins at planning judgment.

How it runs

  1. 01
    Accept the client

    Your firm completes acceptance, independence and the engagement letter. These are yours.

  2. 02
    Send the opening records

    Trial balance, general ledger, bank statements, the prior-year draft or statements and the client’s documents.

  3. 03
    CORAA builds the setup

    Every account is classified to a US GAAP line, materiality is set, and the ledger is tested with fixed rules.

  4. 04
    Your team plans

    Your senior reads the flags, adjusts the approach and takes the file into fieldwork.

What the setup includes

Drafted by CORAA

  • Accounts classified to US GAAP lines
  • Materiality
  • Lead schedules and the tie-out of the draft
  • Flags from the ledger tests, each naming its rule
  • Proposed entries and the review trail

Done by your firm

  • Client acceptance and continuance
  • Independence evaluation
  • Engagement letter
  • Risk assessment conclusions
  • Meetings with management

What stays with your firm

Your firm keeps the client, the review and the signature. CORAA AI drafts the file and CORAA Network reviewers clear every flag with a logged reason; your manager and partner then review it as they would any staff-prepared file. CORAA never signs, issues or reports on anything, and never contacts your client unless you ask us to.

Free resources for this work

Guides, templates and calculators on this site that cover the same ground. All free to use.

GuideClient Acceptance and Continuance for Small CPA FirmsTemplateClient Acceptance and Continuance FormTemplateAudit Engagement Letter (AU-C 210)GuideAudit Planning Memo Guide: What Goes In It and How to Write It (AU-C 300)GuidePBC List: How to Build a Prepared-by-Client Request List for an AuditGuideAudit Readiness Checklist for Clients: What to Hand Over, by Audit AreaToolMateriality & Performance Materiality Calculator (AU-C 320)

Questions firms ask

No, unless you ask us to. We work only with your firm.
See the first-year audit lead schedules page. The opening balances work is part of that file.
Your senior, from the engagement. The PBC list guide and the client readiness checklist on this site are the starting point.
No. Acceptance, independence and the engagement letter are your firm’s.
Your first audit is free. After that, a flat fee per audit, set by the size of the entity: revenue, transactions and number of entities. Messy books are included, never a surcharge.

Sources: AICPA Statements on Auditing Standards, currently effective

More in use cases
Use casesFirst-year audit lead schedulesOpening balance work and lead schedules for a client your firm has not audited before.Use casesTrial balance mappingEvery account classified to a US GAAP line, and exported to your tool.Use casesBusy-season overflowSend the files your team cannot reach and get back finished working papers.
For US CPA firms

Join the CORAA waitlist

CORAA AI drafts audit working papers from your client’s QuickBooks books and does the first pass: lead schedules, tie-out, memos, draft notes and letters. CORAA Network reviewers clear every finding. Your firm reviews and signs.

  • First audit free, so you can judge the quality on a real file
  • Flat fee by entity size; messy books included
  • We work only with CPA firms, never their clients
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