About CORAA
What is CORAA?
CORAA, which calls itself "The Audit Studio", is an AI-native audit engine for CA firms in India. It runs the ledger work of an audit — reconciliation, scrutiny and working papers — from the client's source data, so firms can take on more audits without adding staff.
CORAA connects to Tally or the client's ERP, maps ledgers to Schedule III, and drafts working papers, findings and reports in the firm's format. Its modules cover engagement setup, scrutiny, reconciliation, OCR vouching, procedures, working papers, findings and reporting, with a seven-step sign-off gated by UDIN. Separate products cover internal audit and assurance work such as due diligence and journal entry testing.
Who is CORAA for?
- CA firms carrying out statutory audits, tax audits and GST work.
- Internal audit teams at CA firms and enterprises.
- Enterprise audit, risk and compliance teams.
- Firms that want full-ledger testing instead of sample-only work.
What type of software is CORAA?
CORAA is listed under Audit Software.
What are CORAA's core capabilities?
- Statutory audit workflow: Engagement letter, ICAI checklist, SA 320 materiality and SA 315 risk assessment, through to a seven-step, UDIN-gated sign-off.
- Scrutiny, vouching and sampling: Full-ledger scrutiny with anomalies raised as findings, unlimited OCR vouching and documented sample sizes.
- Working papers and reporting: Working papers generated from source data, Schedule III statements, notes to accounts, CARO 2020, consolidation and the independent auditor's report.
- Tax audit: Form 3CD workings populated from the ledger with links to source entries, block-wise depreciation, Section 43B and TDS checks, and a schema-validated e-filing JSON.
- GST: GSTR-2A/2B reconciliation with purchase books, blocked-credit and reversal checks, reverse charge reconciliation, and HSN and e-way bill checks.
- Internal audit: Audit universe and annual plan, risk and control matrix, process checklists, IFC control testing, rated observations, action tracking and audit committee reports.
- Engagement Acceptance & Letters
- Materiality & Risk Assessment
- Digital Working Papers
- Sampling & Vouching
- Ledger Scrutiny & Analytics
- Client Document Requests
Answers above are based on CORAA's website, read on 23 Oct 2026.
Who makes CORAA?
CORAA is developed by CauseConnect AI Solutions Pvt Ltd, the company named on its website. CORAA describes itself as built by CAs and enterprise engineers, made in India and hosted in India. The website does not name the founders or say when the company was founded.
What CAs are saying about CORAA
CORAA 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 and ICAI checklists; audit programme templates not named.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 & VouchingSelect 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).
- ✓Review & Sign-off WorkflowRoute work through preparer, reviewer and partner with review notes and sign-offs.
- ✓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 — Full audit log with every action attributed and timestamped; file archival 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 Statement — Cash flow workings.Prepare cash flow statements under AS 3 or Ind AS 7.
- ◐Prior-Year Comparatives — Opening balances verified against the prior year's signed audit report.Carry forward previous-year figures and regroup them for comparison.
- ◐Ratio Analysis — Trend analysis such as gross-profit trend; Schedule III ratios not named.Calculate the ratios required under Schedule III with variance explanations.
- ✓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.
- ✓Internal Audit ReportsGenerate internal audit reports and summaries for the audit committee.
- ✓Internal Audit DashboardView open observations, overdue actions and audit progress.
- ✓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 Disallowances — Section 43B statutory dues checked; MSME payments under 43B(h) not mentioned.Identify 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.
- ✓Income Tax Portal UploadExport the Form 3CD JSON for upload on the income tax portal.
- ◐Turnover Reconciliation — GST annual reconciliation mentioned without detail.Reconcile turnover and tax between books, GSTR-1 and GSTR-3B.
- ✓ITC ReconciliationReconcile input tax credit between books, GSTR-2B 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 Verification — HSN codes and rates verified; HSN summary not mentioned.Check HSN-wise summaries against books and filed returns.
- ◐E-invoice & E-way Bill Reconciliation — E-way bills verified; e-invoice matching not mentioned.Match e-invoices and e-way bills with sales records.
Show 10 more items (not supported or not yet verified)
- ?Non-Corporate FormatsPrepare financial statements for LLPs, partnerships, trusts and proprietorships.
- ?Adjustment EntriesPass audit and closing adjustments without changing the client's books.
- ?Export & XBRLExport statements to Excel or PDF and prepare XBRL files for MCA filing.
- ?Multi-Location & Branch AuditsRun audits across branches, plants or locations under one engagement.
- ?Tax Audit Applicability CheckCheck whether a tax audit is required under Section 44AB.
- ?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.
- ?GSTR-9 PreparationPrepare the GST annual return from books and filed returns.
- ?GSTR-9C Reconciliation StatementPrepare the reconciliation statement between books and GSTR-9.
- ?Multi-GSTIN ConsolidationHandle multiple GSTINs of the same PAN in one engagement.
Pricing
Published pricing
- ₹30,000 for a 10-audit pack (₹3,000/audit), all users included, no per-seat charges
Minimum purchase 10 entities; tiers scale up to a 200-entity Network Firm plan; first audit free per own site.
From the vendor's published pricing as of 26 Sept 2026. Confirm current prices with the vendor.