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For CAs, scale means going beyond compliance—into strategy, innovation, and leadership.Integrity is the true audit trail of a Chartered Accountant, visible in every decision, not just every document. Ethics define what we do when no one is watching, professionalism defines how we do it when everyone is. Every challenge is a new ledger, and every CA knows how to turn debits into milestones. Technology is transforming finance, but integrity will always be the operating system of the profession.The future of accounting is not about automation replacing humans, but about humans redefining value.The Chartered Accountant of tomorrow is not just tech-enabled, but tech-empowered. Scaling isn’t just about growing bigger; it’s about growing wiser- in impact, insight, and integrity.

CORAA AI : THE AI AUDIT STUDIO FOR MODERN CA FIRMS More audits. More coverage. No more headcount.

About

CORAA AI is India's end-to-end audit intelligence platform, built ground-up for Indian statutory compliance and audit. Its intelligence and workflows are grounded in the professional corpus that defines the CA profession: ICAI Standards on Auditing (SA series), Standards on Internal Audit (SIA series), the Income Tax Act, Companies Act 2013, Schedule III, CARO 2020, Form 3CD, and the complete GST and TDS/TCS framework.

CORAA surfaces relevant standards, structures analysis in accordance with applicable SA, generates working-paper drafts aligned to ICAI recommended formats, and flags exceptions across full transaction populations. Professional judgment, risk assessment, and conclusions always remain with the CA. CORAA handles the analytical and documentation work that surrounds those judgments.

Built on patent-pending AI architecture, CORAA is hosted entirely on Indian cloud infrastructure, independently, by CORAA itself. Client data, financial records, working papers and audit evidence are processed and stored within Indian boundaries, governed by Indian law.

Headquartered in Bengaluru, CORAA today supports 11+ enterprises across BFSI, Manufacturing and IT, and powers statutory and internal audit engagements across 600+ accounting firms annually. Its statutory intelligence layer, covering Income Tax, GST, TDS, MCA, PF, ESI, PT and LWF, is maintained live, with regulatory updates reflected within 48 hours of notification.

Key Features

01 Full-Population Audit Intelligence

Every ledger, every voucher, every journal entry, no sampling bias, no shortcuts.

  • Ledger Scrutiny: Six-layer behavioural analysis of every ledger across the full year.
  • Journal Entry Testing (SA 240): Benford's Law · Duplicate · Round-amount · Weekend/holiday · Year-end · Structuring patterns across 100% of transactions.
  • SA 530 Sampling: MUS · PPS · Stratified · Key-item, properly sized, never a flat percentage.
  • Opening Balance Verification: Ties this year's opening to prior-year closing. Flags any silent adjustment.
  • Vouching Pipeline: OCR extraction → Deterministic match → AI adjudication with document grounding → Vouching outcome.

02 Reconciliations That Close the Gaps

Bank, GST, GSTR-2B, TDS, 26AS, TCS, PF, ESI and books-to-ledger reconciliations.

  • Bank Reconciliation: Every exception surfaced with full traceability to the underlying transaction.
  • GST & TDS: ITC vs GSTR-2A/2B · RCM identification · 26Q/26AS recon by PAN/TAN · TCS reconciliation · GSTR-9/9C annual tie-out.
  • PF / ESI: Statutory due compliance · Sec 41(1) cessation-of-liability identification.
  • Books Integrity: Opening + movements = closing, reconciled live. Catches data corruption a plain export would miss.

03 Financial Statement & Other Working Papers

30+ working papers generated in parallel. Auditor reviews and finalises each caption.

  • Balance Sheet WPs: Cash & Bank · Receivables Ageing · Payables Ageing · Loans & Advances · Inventory · Fixed Assets · Investments · Capital & Reserves · Borrowings.
  • Profit & Loss WPs: Revenue · Purchases · Employee Cost · Finance Cost · Other Expenses · Exceptional Items.
  • Schedule III: Every caption backed by ledgers from the digital twin. Consolidated-twin for multi-branch groups.
  • Business Understanding (SA 315): KMP · Related parties · Going concern · Controls environment.

04 Tax & Statutory Audits, Connected

Form 3CD, CARO 2020, TDS, GST and Schedule III, all from the same audit data.

  • Form 3CD (Sec 44AB): Clause 21(b) threshold · Clause 34(a) TDS chart fed directly by the TDS engine.
  • CARO 2020: All 21 clauses auto-filled from upstream evidence. Auditor can override any clause.
  • TDS 12-Check Engine: Sec 201(1A) interest · 234E late fee · 206AB non-filer · Sec 194R/194T · 26Q/26AS recon by PAN/TAN.
  • GST & TCS: ITC vs GSTR-2A/2B · RCM identification · Output-tax cross-check · GSTR-9/9C annual tie-out.

05 Reporting & Independent Review

Traceability from first finding to final sign-off. No stage skippable.

  • SA 450 → Opinion: Every finding classified: Resolved / Caveat / Uncorrected Misstatement / Material Weakness. Feeds 3CA/3CB templates.
  • SQM 2 / EQCR: Staged Planning → Performance → Reporting review. Review-thread on any paper, caption or voucher.
  • Sign-off Ladder: Draft → Reviewed → Signed (partner + UDIN) → Filed (ITD ack number). Sequence strictly enforced.

Benefits for ICAI Member Firms

  • More audits, same team: Reduces time on repetitive analytical and documentation work. Firms can take on more engagements without adding headcount.
  • Full-population coverage: Every transaction, every ledger, every voucher tested. No reliance on flat-percentage sampling.
  • Audit-standard aligned: Workflows built on ICAI SA series, CARO 2020, Schedule III and Form 3CD.
  • India-hosted data security: Client financial data stays within Indian boundaries. ISO 27001:2022 certified, DPDPA 2023 compliant, fully audit-logged.
  • Unlimited reruns, unlimited users, unlimited storage: No per-seat licensing. The entire team can use the platform on every engagement.
  • Regulatory currency: Statutory intelligence updated within 48 hours of any Income Tax, GST, MCA, TDS or ICAI notification.

What the Offer Covers

The ICAI BSD member offer provides access to CORAA AI's complete audit and compliance workflows, including:

Statutory Audit

Business understanding · Audit planning · Ledger scrutiny · Transaction scrutiny · Journal-entry analysis · Sampling · Vouching · Opening-balance verification · Financial statement review · Schedule III · CARO 2020.

Tax Audit

Tax Audit · Form 3CD · TDS verification · TDS reconciliation · GST reconciliation · TCS · PF / ESI · Statutory compliance checks.

Audit Documentation & Review

Working-paper preparation · Audit logs · Evidence trail · Misstatement analysis · Review workflows · Quality review checkpoints · Reporting and opinion support.

Members may avail the exclusive offer through: coraa.ai/icai

ICAI Member Pricing, 60% Concession

Offer valid for eligible ICAI member firms.

Audit Credits ICAI Package Price Standard Price Savings
10 audits ₹12,000 ₹30,000 ₹18,000
25 audits ₹28,500 ₹71,250 ₹42,750
50 audits ₹54,000 ₹1,35,000 ₹81,000
100 audits ₹1,02,000 ₹2,55,000 ₹1,53,000

All prices are exclusive of 18% GST, which will be charged additionally.

Benefit 1: First Two Audits Free

The first two audit engagements are provided free of charge with full access to the CORAA platform. There are no feature or usage limitations. Firms can evaluate CORAA on their own live engagement data, using their own audit procedures and professional judgment.

Benefit 2: 60% Member Concession

Following the two free audits, eligible ICAI member firms receive 60% off standard package pricing for credit bundles of 10, 25, 50 or 100 audits.

How to Avail the Offer

  • Visit https://coraa.ai/icai and register as an ICAI member.
  • Sign up and complete your first two audits free, with no credit card or commitment required.
  • Select a credit bundle to continue at the exclusive ICAI member rate.

To avail the offer, please visit: https://coraa.ai/icai

Contact Information

Download the CORAA ICAI BSD Member Offer flyer for a full overview of features and pricing.

CORAA AI handles analytical and documentation work. Professional judgment, risk assessment, conclusions, and the final audit opinion remain exclusively with the auditor.

Disclaimer:

ICAI, through Beneficiary Schemes Directorate, acts solely as a facilitator for these initiatives. All services are delivered directly by respective providers. It does not endorse or guarantee the quality, reliability, or accuracy of these offerings. Members are advised to exercise independent judgment and due diligence before availing any product or service. ICAI shall not be liable for any loss or damage arising from their use.