About myAudit
What is myAudit?
myAudit is cloud-based assignment and project management software for audit firms. It is built around the life of an audit assignment — client, assignment, team and tasks, review and closing — and can be used from anywhere.
Firms set up a standard audit process once for each assignment type and reuse it, allocate staff and tasks, record time, expenses and leave, and keep client data and audit documents in one place. Each audit step is time-stamped when completed, reviews are mandatory with a date and sign stamp, and observations and coaching notes can be added during the work. myAudit also handles budgeting, invoicing and peer review.
Who is myAudit for?
- CA and audit firms, including partners, audit managers, staff and trainees.
- Firms that want to standardise how assignments are planned, staffed, reviewed and closed.
- Businesses of any size that want to manage their own projects the same way.
What type of software is myAudit?
myAudit is listed under Audit Software.
What are myAudit's core capabilities?
- Assignment management: Client management, budgeting, staff allocation, task assignment, an assignment tracker and assignments rolled over from earlier periods.
- Audit process: Built-in or custom audit processes set up once per assignment type, with a knowledge bank.
- Review and documentation: Mandatory review with a date and sign stamp, time-stamped audit steps, audit documents stored in the tool, observations and coaching notes.
- Time and resources: Timesheets, expense sheets, leave records and asset management.
- Billing and notifications: Invoicing and automatic notifications.
- Peer review: Support for peer review of completed assignments.
- Review & Sign-off Workflow
Answers above are based on myAudit's website, read on 23 Oct 2026.
Who makes myAudit?
myAudit is developed by an IT company whose team includes finance, accounting and audit specialists. According to its website, it was built with practising Chartered Accountants who have audit and compliance experience with large corporates and Big Four firms, after more than a year of research into the problems audit firms face. The website does not give the company's legal name or founders.
What CAs are saying about myAudit
myAudit has no reviews on SoftwaresForCA yet.
Key features
- ◐Audit Programmes & SA Checklists — Built-in or custom audit process set up once per assignment type.Use pre-built audit programmes by entity type, mapped to the Standards on Auditing.
- ◐Digital Working Papers — Audit documentation indexed to the audit steps performed.Prepare working papers linked to the trial balance with cross-referenced evidence.
- ✓Review & Sign-off WorkflowRoute work through preparer, reviewer and partner with review notes and sign-offs.
- ◐File Assembly & Archival — Audit documents stored in the tool, with each step time-stamped.Lock the completed audit file and keep a trail of edits and approvals (SA 230, SQC 1).
- ◐Observations & Risk Rating — Observations can be added; risk rating not mentioned.Record findings with risk ratings, root causes and recommendations.
Show 45 more items (not supported or not yet verified)
- ?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).
- ?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).
- ?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).
- ?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).
- ?Non-Corporate FormatsPrepare financial statements for LLPs, partnerships, trusts and proprietorships.
- ?Notes to AccountsGenerate notes, accounting policies and disclosure schedules.
- ?Cash Flow StatementPrepare cash flow statements under AS 3 or Ind AS 7.
- ?Adjustment EntriesPass audit and closing adjustments without changing the client's books.
- ?Prior-Year ComparativesCarry forward previous-year figures and regroup them for comparison.
- ?Ratio AnalysisCalculate the ratios required under Schedule III with variance explanations.
- ?Consolidated Financial StatementsConsolidate subsidiaries, associates and joint ventures.
- ?Export & XBRLExport statements to Excel or PDF and prepare XBRL files for MCA filing.
- ?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.
- ?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.
- ?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 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
- Not publicly listed
From the vendor's published pricing as of 26 Sept 2026. Confirm current prices with the vendor.