Audit Workflow automation Phase1 - April 2024

New Feature: Audit Program Automation

A. Load Audit Program – Single view to access all Audit workflow tasks.·

Consistent single-page view for all tasks with all the relevant information at your fingertips (For both Audit and client users), along with easy navigation to sister and parent tasks.
Automatic computation of assignment % completion based on task completion status
Task-level workflow and attachments (mandatory/optional)·

B. New assignment Role: EQCR

C. Configurable Audit Program / Assignment tasks:

Multi-level task hierarchy for your assignments by combining group tasks, Letters, checklists, Client questionnaires, to-do, and Follow-up tasks – allows you to create your custom audit procedures
Add-ons for tasks like attachments, templates, and guidelines

D. 35 new ICAI-published SA checklists loaded into the tool

E. Predefined Task hierarchy for Annual audit

F. Enhancements to Checklist configuration – Ability to set mandatory attachments for questions

Enhanced Excel export for financial statements, which are print-ready, with built-in drill-down validation of numbers.
Tangible / Intangible asset Page: Ability to export vouchers along with their classification into “addition” / “deletion” /“depreciation”, and “transfer”
Voucher verification: Prevent duplication of vouchers between samples
Annual Audit Association of Persons and AOP(Trust) clients
- Built-in Ledger classification hierarchy
- Statement generation in Beta mode

Click “Load Audit program” to access

1. Audit checklists

2. Audit documentation