CORAA vs Riko AI
Two Audit Software tools compared for Indian CA firms on features, pricing and community ratings.
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| Feature | CORAA | Riko AI |
|---|---|---|
| Basics | ||
| Pricing | ₹30,000 for a 10-audit pack (₹3,000/audit), all users included, no per-seat charges | Free trial |
| Pricing model | Paid | Free trial |
| Deployment | cloud | cloud, mobile |
| Founded | 2025 | — |
| Headquarters | Bengaluru, Karnataka (Indiranagar) | Mumbai |
| Features · Audit Software | ||
| Engagement Acceptance & Letters | Supported | Not yet verified |
| Materiality & Risk Assessment | Supported | Not yet verified |
| Audit Programmes & SA Checklists | Partly supportedEngagement and ICAI checklists; audit programme templates not named. | Not yet verified |
| Digital Working Papers | Supported | Partly supportedBuilds workpapers as XLSX, DOCX and PDF files with figures traced to Tally. |
| Sampling & Vouching | Supported | Not yet verified |
| Ledger Scrutiny & Analytics | Supported | Partly supportedLedger drill-downs and variance flags from Tally data. |
| Client Document Requests | Supported | Not yet verified |
| Review & Sign-off Workflow | Supported | Partly supportedNothing is posted to the books without a person approving it. |
| CARO 2020 Reporting | Supported | Not yet verified |
| Audit Report & Representation Letters | Supported | Not yet verified |
| File Assembly & Archival | Partly supportedFull audit log with every action attributed and timestamped; file archival not mentioned. | Partly supportedEvery proposed and approved change logged with names and timestamps. |
| Trial Balance Import | Supported | Partly supportedSyncs Tally data every few minutes; trial balance import not named. |
| Ledger Grouping & Mapping | Supported | Not yet verified |
| Schedule III Financial Statements | Supported | Not yet verified |
| Non-Corporate Formats | Not yet verified | Not yet verified |
| Notes to Accounts | Supported | Not yet verified |
| Cash Flow Statement | Partly supportedCash flow workings. | Partly supportedCash flow in the monthly MIS pack. |
| Adjustment Entries | Not yet verified | Not yet verified |
| Prior-Year Comparatives | Partly supportedOpening balances verified against the prior year's signed audit report. | Not yet verified |
| Ratio Analysis | Partly supportedTrend analysis such as gross-profit trend; Schedule III ratios not named. | Not yet verified |
| Consolidated Financial Statements | Supported | Not yet verified |
| Export & XBRL | Not yet verified | Partly supportedXLSX, DOCX and PDF output; XBRL not mentioned. |
| Audit Universe & Annual Plan | Supported | Not yet verified |
| Risk & Control Matrix | Supported | Not yet verified |
| Process Audit Checklists | Supported | Not yet verified |
| Control Testing & IFC | Supported | Not yet verified |
| Observations & Risk Rating | Supported | Not yet verified |
| Management Responses & Action Tracking | Supported | Not yet verified |
| Multi-Location & Branch Audits | Not yet verified | Not yet verified |
| Internal Audit Reports | Supported | Not yet verified |
| Internal Audit Dashboard | Supported | Not yet verified |
| Tax Audit Applicability Check | Not yet verified | Not yet verified |
| Form 3CD Clause-wise Working | Supported | Not yet verified |
| Auto-fill from Books | Supported | Not yet verified |
| Cash Transaction Checks | Supported | Not yet verified |
| Section 43B Disallowances | Partly supportedSection 43B statutory dues checked; MSME payments under 43B(h) not mentioned. | Not yet verified |
| TDS Compliance Check | Supported | Not yet verified |
| Income Tax Depreciation | Supported | Not yet verified |
| Prior-Year Comparison | Not yet verified | Not yet verified |
| Form 3CA/3CB Generation | Not yet verified | Not yet verified |
| Income Tax Portal Upload | Supported | Not yet verified |
| GSTR-9 Preparation | Not yet verified | Not yet verified |
| GSTR-9C Reconciliation Statement | Not yet verified | Not yet verified |
| Turnover Reconciliation | Partly supportedGST annual reconciliation mentioned without detail. | Not yet verified |
| ITC Reconciliation | Supported | Supported |
| Ineligible ITC & Reversal Checks | Supported | Not yet verified |
| Reverse Charge Verification | Supported | Not yet verified |
| HSN Summary Verification | Partly supportedHSN codes and rates verified; HSN summary not mentioned. | Not yet verified |
| E-invoice & E-way Bill Reconciliation | Partly supportedE-way bills verified; e-invoice matching not mentioned. | Not yet verified |
| Multi-GSTIN Consolidation | Not yet verified | Not yet verified |
| Ecosystem & support | ||
| Integrations | — | — |
| Support channels | — | — |
| Community | ||
| Rating | Not yet rated | Not yet rated |
| Reviews | 0 | 0 |
| Recommend | 0 | 0 |
CORAA
Best for: AI-forward CA firms wanting full-ledger (non-sampling) audit automation across multi-entity engagements
Riko AI
Best for: AI assistant on top of Tally that answers finance questions, builds reports and workpapers, and runs reconciliations and audit workflows