The Standards on Auditing describe an engagement that is documented as it is performed. In practice the documentation is assembled the week before review, from memory and from folders. The Statutory Audit module builds the file while the work is done.
34 Standards on Auditing, scoped and checked
Audcrix decomposes 34 Standards on Auditing into what each one requires of the engagement. Where the requirement can be verified from the work already in the system, it is checked automatically; where it needs the auditor's judgement, a draft is prepared for the auditor to complete. A coverage view shows what is done and what is not, and cross-SA consistency checks catch the file that says one thing under one Standard and another elsewhere.
Planning and risk
- Materiality and the risk register, set once and used by every test that follows.
- Engagement acceptance, independence and the SA 210 engagement letter.
- Analytical review — ratio, trend, predictive and common-size — over the client's own figures.
Testing
- Sampling under SA 530, embedded in each area being tested: a library of sampling methods, monetary-unit sampling with key items selected automatically, coverage measured and misstatements projected.
- Opening balances under SA 510, matched to the prior year by an exact, fuzzy, subset-sum and assignment cascade — with the client's mappings learned and reused next year.
- Journal-entry risk scoring for fraud indicators.
- External confirmations drafted, sent and reconciled, with alternative procedures where a confirmation does not come back.
- Estimates, subsequent events and going concern; inventory; laws and regulations; using the work of others.
- Trade receivables and payables aged in Schedule III buckets, taken from Tally's own open bills during the read and tied back to each party's ledger — with any exclusion requiring a stated reason.
Completion of the file
- A working-paper index in which open gaps block the lock.
- Communication with those charged with governance and the schedule of deficiencies.
- Engagement quality control review built into the flow.
A file that already exists
When the file is called for, it is already there: the procedures that were run, the basis each one showed, the queries raised and how they cleared, and every override with who made it. Nothing lives in a folder on one article's laptop.
Questions CAs ask
Which Standards on Auditing does Audcrix cover?
34 Standards on Auditing across SA 200 to SA 720, each decomposed into its requirements, checked automatically where the work proves them and drafted for judgement where it does not.
How does audit sampling work?
Sampling under SA 530 is embedded in each area being tested, with a library of methods, monetary-unit sampling with automatic key items, coverage measurement and misstatement projection.
Does it help with opening balances?
Yes. Opening balances are matched to the prior year through an exact, fuzzy, subset-sum and assignment cascade, and the client's mappings are reused the following year.
Is the working-paper index built automatically?
The index is assembled as the work is done, and open gaps in it block the file from being locked.
Further reading
Related modules
- Accounting Checks — Completeness, cut-off, accrual and classification checks run over the whole Tally books — every verdict showing its basis, every finding exportable as a working paper.
- Fraud Detection — Forensic checks across every Tally voucher — duplicate payments, negative cash, Benford anomalies, back-dated postings — with convergence and honest gap flags.
- Companies Act — Companies Act 2013 provisions gated by company type, size and listing, and tested against the books — sections 185 and 188, deposits and related-party disclosure.