About Audit Suite
What is Audit Suite?
Audit Suite is cloud audit-practice software for Indian CA firms whose main work is statutory audit. Each firm gets its own workspace, used from the browser.
It follows the Standards on Auditing through a ten-tab engagement workflow covering the checklist, materiality, an SA 315/330 risk register, SA 530 sampling and SA 505 bulk confirmations drawn from Tally. It produces working papers from ten templates, the standard audit letters, CARO 2020 reporting across all 21 clauses, and Schedule III draft financial statements from an uploaded trial balance. The same product also covers practice work such as a client portal, compliance calendar, WhatsApp reminders, time tracking and billing.
Who is Audit Suite for?
- Indian CA firms whose primary practice is statutory audit.
- Sole practitioners, small firms and mid-sized practices.
- Audit teams, including articled assistants, preparing working papers, CARO reports and draft financial statements.
What type of software is Audit Suite?
Audit Suite is listed under Audit Software.
What are Audit Suite's core capabilities?
- Engagement workflow: A ten-tab workflow with checklist, materiality, an SA 315/330 risk register and fieldwork.
- Sampling and confirmations: SA 530 sample selection (random, systematic, MUS and haphazard, seed-reproducible) and SA 505 bulk confirmations from Tally data.
- Working papers and letters: Ten working paper templates such as bank reconciliation, fixed asset register and debtor/creditor ageing, plus engagement, independence, consent and management representation letters and the audit report.
- CARO 2020 and financial statements: All 21 CARO clauses with observations, and Schedule III draft financial statements with notes, cash flow statement, prior-year comparatives and the 11 Schedule III ratios.
- Tally and ledger analysis: Tally connector, trial balance import with ledger drill-down, ledger anomaly detection and AI risk assessment.
- Practice tools: Client portal, ITR document intake, notice tracking, compliance calendar, WhatsApp reminders, time and attendance, and billing.
- Engagement Acceptance & Letters
- Materiality & Risk Assessment
- Digital Working Papers
- Ledger Scrutiny & Analytics
- Client Document Requests
- CARO 2020 Reporting
Answers above are based on Audit Suite's website, read on 23 Oct 2026.
Who makes Audit Suite?
Audit Suite is made by Swaptions Advisory LLP and, according to its website, is built in Hyderabad, India. The website does not name the founders or say when the product was launched.
What CAs are saying about Audit Suite
Audit Suite has no reviews on SoftwaresForCA yet.
Key features
- ✓Engagement Acceptance & LettersRun acceptance and independence checks and generate engagement letters (SA 210).
- ✓Materiality & Risk AssessmentSet materiality thresholds and assess risks of material misstatement (SA 320, SA 315).
- ◐Audit Programmes & SA Checklists — Engagement checklist included; audit programmes not mentioned.Use pre-built audit programmes by entity type, mapped to the Standards on Auditing.
- ✓Digital Working PapersPrepare working papers linked to the trial balance with cross-referenced evidence.
- ◐Sampling & Vouching — SA 530 sampling (4 methods); vouching not mentioned.Select samples and attach vouching evidence to each tested transaction (SA 530).
- ✓Ledger Scrutiny & AnalyticsScan full ledgers for unusual entries, duplicates and high-risk journals (SA 240).
- ✓Client Document RequestsRequest, collect and track documents and confirmations from the client (SA 505).
- ✓CARO 2020 ReportingWork through CARO 2020 clause by clause and draft the annexure to the audit report.
- ✓Audit Report & Representation LettersGenerate audit reports, management representation letters and management letters (SA 580, SA 700).
- ◐File Assembly & Archival — Audit-trail retention and daily backups; file lock not mentioned.Lock the completed audit file and keep a trail of edits and approvals (SA 230, SQC 1).
- ✓Trial Balance ImportImport trial balances from Tally, other accounting software or Excel.
- ✓Ledger Grouping & MappingMap ledgers to financial statement line items and reuse the mapping across years.
- ✓Schedule III Financial StatementsGenerate balance sheet and profit & loss in Schedule III format (Division I, II and III).
- ✓Notes to AccountsGenerate notes, accounting policies and disclosure schedules.
- ✓Cash Flow StatementPrepare cash flow statements under AS 3 or Ind AS 7.
- ✓Prior-Year ComparativesCarry forward previous-year figures and regroup them for comparison.
- ✓Ratio AnalysisCalculate the ratios required under Schedule III with variance explanations.
- ◐Export & XBRL — Excel, Word and PDF output; XBRL not mentioned.Export statements to Excel or PDF and prepare XBRL files for MCA filing.
- ◐ITC Reconciliation — GSTR-2A reconciliation working paper template only.Reconcile input tax credit between books, GSTR-2B and GSTR-3B.
Show 31 more items (not supported or not yet verified)
- ?Review & Sign-off WorkflowRoute work through preparer, reviewer and partner with review notes and sign-offs.
- ?Non-Corporate FormatsPrepare financial statements for LLPs, partnerships, trusts and proprietorships.
- ?Adjustment EntriesPass audit and closing adjustments without changing the client's books.
- ?Consolidated Financial StatementsConsolidate subsidiaries, associates and joint ventures.
- ?Audit Universe & Annual PlanDefine auditable areas and plan internal audits for the year.
- ?Risk & Control MatrixDocument process risks, controls and control owners.
- ?Process Audit ChecklistsUse checklists for processes like procure-to-pay, order-to-cash and payroll.
- ?Control Testing & IFCTest design and operating effectiveness of controls, including internal financial controls.
- ?Observations & Risk RatingRecord findings with risk ratings, root causes and recommendations.
- ?Management Responses & Action TrackingCollect management responses and track action items to closure.
- ?Multi-Location & Branch AuditsRun audits across branches, plants or locations under one engagement.
- ?Internal Audit ReportsGenerate internal audit reports and summaries for the audit committee.
- ?Internal Audit DashboardView open observations, overdue actions and audit progress.
- ?Tax Audit Applicability CheckCheck whether a tax audit is required under Section 44AB.
- ?Form 3CD Clause-wise WorkingPrepare each Form 3CD clause with supporting workings.
- ?Auto-fill from BooksFill Form 3CD details directly from the trial balance and ledgers.
- ?Cash Transaction ChecksIdentify cash payments and receipts under Sections 40A(3), 269SS, 269ST and 269T.
- ?Section 43B DisallowancesIdentify unpaid statutory dues and delayed MSME payments under Section 43B.
- ?TDS Compliance CheckIdentify TDS defaults and related disallowances under Section 40(a)(ia).
- ?Income Tax DepreciationCalculate depreciation by asset block as per the Income-tax Act.
- ?Prior-Year ComparisonCompare Form 3CD details with the previous year's report.
- ?Form 3CA/3CB GenerationGenerate the tax audit report in Form 3CA or Form 3CB.
- ?Income Tax Portal UploadExport the Form 3CD JSON for upload on the income tax portal.
- ?GSTR-9 PreparationPrepare the GST annual return from books and filed returns.
- ?GSTR-9C Reconciliation StatementPrepare the reconciliation statement between books and GSTR-9.
- ?Turnover ReconciliationReconcile turnover and tax between books, GSTR-1 and GSTR-3B.
- ?Ineligible ITC & Reversal ChecksIdentify blocked credits and required reversals under Section 17(5) and Rules 37, 42 and 43.
- ?Reverse Charge VerificationVerify tax payable and paid under reverse charge.
- ?HSN Summary VerificationCheck HSN-wise summaries against books and filed returns.
- ?E-invoice & E-way Bill ReconciliationMatch e-invoices and e-way bills with sales records.
- ?Multi-GSTIN ConsolidationHandle multiple GSTINs of the same PAN in one engagement.
Pricing
Published pricing
- Starter ₹999/mo (₹9,990/yr), Pro ₹2,999/mo (₹29,990/yr), Enterprise ₹6,999/mo (₹69,990/yr), all + 18% GST; 14-day free trial with full Pro features
Published, self-serve tiered pricing - the only one of the 8 vendors researched in this pass with fully transparent published tiers.
From the vendor's published pricing as of 26 Sept 2026. Confirm current prices with the vendor.