AssureAI is a Cloud-based Audit Automation tool for Professional CA firms. The tool enables conducting efficient, paperless audits with zero error, seamlessly communicating with clients from within the tool, generating financial statements in a jiffy, carrying out automated risk assessments, ensuring that audit checkpoints are duly ticked off, and flawlessly controlling the entire audit assignment through a single user interface – all this through a secure cloud platform. The All-in-one software for Chartered Accountants enables new ways to manage the audit life cycle. All the audit information including client books of accounts, queries and responses, audit documents, automated risk flagging and action taken, financial statements and a complete list of audit checklists effectively handled through a single unified platform with a proper audit trail. This software for CA firms performs tasks like data validation, mapping, statement generation and risk assessment at the click of a button and saves 50 to 70% effort and cycle time. Features of AssureAI: 1. Revised Schedule III Financial Statement generation including Ageing Analysis for 3 years, Ratios and Rounding 2. Audit Workflow - Seamless completion and tracking of audit documentation under Preliminary engagement, Audit Planning, Risk assessment, Procedures under SAs, Completion procedures and Audit report. 3. 3CD annexures - Automated generation of 7 annexures with minimal user inputs 4. Comments and Disclosures - Rules for selection of applicable disclosures and loads of templates 5. Task Management - Configure, plan and track assignments other than an annual audit in the system 6. Multi-division Consolidation - Single-click generation of consolidated financial statement combining multiple divisions into a single statement 7. Ledger Scrutiny - A rule-based framework where the system picks up the potential risky ledgers and vouchers and categorises them into HIGH, MEDIUM and LOW risks. and much more....
