ICAI VERA

Process-Driven | SA-Compliant | Built by CAs, for CAs

Transform your audit practice with intelligent automation and complete regulatory compliance

Start Free Trial → Explore Features
100% SA Compliant
50+ Audit Tools
10x Faster Process
🏆 Professional Audit Suite

Complete Audit Suite

  • ✓ Engagement Management
  • ✓ Risk-Based Planning
  • ✓ Evidence Documentation
  • ✓ Automated Reporting
ICAI Vision

Empowering Excellence in Audit Practice

ICAI VERA embodies our commitment to strengthening the audit profession through technology-enabled compliance, standardization, and quality assurance. Designed to support Chartered Accountants in delivering audits that meet the highest standards of professional excellence.

Leadership Message

Endorsed by ICAI Leadership

ICAI President and Vice President
CA. Charanjot Singh Nanda
President, ICAI

"ICAI VERA represents a significant step forward in our mission to enhance audit quality and professional standards. This tool empowers our members with the systematic, technology-driven framework needed to deliver audits that inspire confidence and trust."

CA. Prasanna Kumar D
Vice President, ICAI

"As we embrace digital transformation, ICAI VERA ensures that our members have access to world-class audit tools that combine regulatory compliance with operational efficiency. This is the future of professional audit practice."

CA Sanjib Sanghi
CA. Sanjib Sanghi
Group Convenor - ICAI VERA Development

"ICAI VERA has been meticulously designed to address the real challenges faced by practicing CAs. Every feature, every workflow has been shaped by practical audit experience and aligned with ICAI standards. Our goal is to make quality audits accessible to firms of all sizes, ensuring that professional excellence becomes the norm, not the exception."

Core Features

Comprehensive Audit Tools

Everything you need to conduct professional, compliant audits from engagement to reporting

📊

Engagement Dashboard

Centralized command center for all clients & engagements

Engagement Dashboard
  • Track progress across all audits at a glance
  • Real-time status updates: In-progress, Review, Completed
  • Replace manual tracking with structured visibility
  • Multi-engagement portfolio management
📄

Appointment & Engagement Letter

Complete appointment workflow from eligibility to engagement letter

Eligibility Certificate
Auditor Eligibility Certificate
Engagement Decision
Acceptance/Continuation Checklist
Appointment
Appointment Letter & Communication
Engagement Letter
Engagement Letter Generator
  • Complete SA 210 compliance workflow
  • Eligibility certificate generation
  • Communication with previous auditor
  • Professional engagement letter templates
🎯

Compliance Applicability Engine

Smart flagging of CARO, CSR, IFC, and other statutory requirements

Compliance Engine
  • Automated entity-type based assessment
  • Prevents missed disclosures and reporting requirements
  • Quick visual compliance checklist
  • Ensures comprehensive legal requirement coverage
⚖️

Materiality Calculator & Risk Register

SA 315/320 compliant automated assessment

Risk Assessment
Risk Assessment Questionnaire
Materiality Calculator
Materiality Calculator
Risk Register
  • Risk-based audit planning made simple
  • Override justification tracking
  • Direct linkage to audit assertions
  • Documented decision rationale
🔧

VERA Tools Suite

Comprehensive audit automation tools for Tally, GST, MCA, Income Tax, and Analytics

VERA Tally Tools
Tally Tools - Direct ODBC Connection
GST Tools
GST Portal Integration
MCA Data
MCA Data Access
Income Tax
Income Tax Tools
Analytics Tools
  • Direct Tally ODBC connection for trial balance extraction
  • GST R1 data download and reconciliation
  • MCA company master data and financials download
  • Deferred tax calculator and IT website integration
  • Advanced analytics: Ratio analysis, Benford's Law, trend analysis
📁

Evidence Vault (SA 500/230)

Organized, searchable audit documentation repository

Evidence Vault
  • Tag documents by audit area (Bank, Legal, Revenue)
  • Review notes and tick marks included
  • Version control and comprehensive audit trail
  • Peer-review ready organization
📋

Audit Report Generator

Logic-driven reports with SA references and multiple output formats

Report Setup
Report Setup & Configuration
Main Report
Main Audit Report Editor
Report Preview
Report Preview
IFC Report
IFC Report Editor
Export Options
  • Aligned with SA 700, SA 705, SA 706
  • Clean, modified, and emphasis reports
  • CARO 2020 and IFC reporting included
  • Export to PDF and Word formats
  • Eliminates manual formatting errors
Standards Aligned

SA Standards Compliance

Built on ICAI Standards on Auditing framework for complete professional compliance

SA 210

Engagement Terms

Agreement on audit engagement terms and responsibilities

SA 230

Audit Documentation

Comprehensive working paper organization

SA 315

Risk Assessment

Identifying and assessing material misstatement risks

SA 320

Materiality

Planning and performing audit materiality

SA 500

Audit Evidence

Obtaining sufficient appropriate audit evidence

SA 700

Audit Opinion

Forming opinion and reporting on financial statements

SA 705

Modified Opinion

Modifications to opinion in the independent auditor's report

SA 706

Emphasis of Matter

Emphasis of matter paragraphs and other matter

ICAI Aligned

Source Document Mapping

Complete alignment with ICAI audit tool standards and requirements

📋

Appointment Module

  • Confidentiality Declaration
    Formal auditor confidentiality commitments
  • Auditor Eligibility Certificate
    Qualification and compliance verification
  • Engagement Acceptance Checklist
    Decision framework for new engagements
  • Previous Auditor Communication
    Structured communication protocol
  • Engagement Letter
    Professional terms and responsibilities
  • Independence Declaration
    Comprehensive independence assessment
📊

Planning Module

  • Compliance Applicability Engine
    Automated CARO, CSR, IFC assessment
  • Materiality & Risk Assessment
    SA 315/320 compliant risk & materiality determination
📝

Reporting Module

  • Main Audit Report
    SA 700/705/706 aligned report generation
  • CARO 2020 Report
    Companies Act compliance reporting
  • IFC Report
    Internal Financial Control assessment
📥 Download Source Documents (PPTX)

Complete ICAI audit tool source document mapping

🚀

Coming Soon

Continuous development of additional modules and features to enhance audit efficiency and compliance

Perfect Fit

Ideal For

✓ CA Firms

  • → AS applicable entities
  • → Audit of Private Limited Companies
  • → Audit of Individuals and Proprietorship Firm
  • → Audit of Partnership Firms and LLP
  • → SMFs adopting digital audits
  • → Multi-branch firms requiring structure
  • → Teams handling multiple engagements

✓ Audit Types Supported

  • → Statutory Audits
  • → Tax Audits (44AB)
  • → Internal/IFC Audits
  • → CARO/CSR/IFC Evaluations

✗ Not Covered

  • → Forensic or Fraud Investigations
  • → System/IT/Cyber Audits
  • → Custom workflow builders
  • → XBRL & MCA Filing modules

⚠ Specialized Audits

  • → Trust & Society Audits (Not included)
  • → Bank Audits (Not included)
  • → NBFC Engagements (Not included)
  • → Custom compliance reporting
Easy Start

Proposed Firm Onboarding Process

Structured, time-efficient onboarding designed for firms of all sizes

1

Registration & Demo Booking

Visit the official website or contact support to request a live demo. Share firm details including name, partner-in-charge, team size, and audit types handled.

2

Account Setup & Access

Receive secure login credentials for admin panel. Assign roles to team members (Junior, Reviewer, Partner). Each user gets customized dashboard access.

3

Initial Configuration

Upload firm logo and customize templates. Define common audit templates for recurring types. Set up folder structure for audit years and clients.

4

Staff Training

All team members receive access to training videos and manuals. Optional live onboarding session (1 hour) for Q&A. Try one pilot client before firm-wide adoption.

5

Begin Audit Engagements

Assign engagements to staff using dashboard. Use SA-aligned modules for planning, execution, and reporting. Upload evidence and sign off digitally.

6

Review & Export

Lock reviewed files and generate peer review packages. Engagement trail preserved with all comments and timestamps. Export final reports in PDF/Word.

Complete Support

Proposed Training Manual

Module-wise training covering logic, compliance, and practical workflows

🔰

Engagement Setup (SA 210)

Initiating engagements, generating letters, independence declarations, and team assignment

🧮

Materiality & Risk (SA 315/320)

Defining thresholds, identifying risk areas, and linking to audit procedures

🧾

Compliance Checker

Entity type selection, rule logic understanding, and template customization

📂

Evidence Vault (SA 230/500)

Document upload, audit area tagging, assertion mapping, and review notes

📤

Report Generator (SA 700/705/706)

Report type selection, data integration, and professional formatting

🧩

Support Resources

PDF manual, training videos, sample files, checklists, and live support access

📘 Proposed Training Package

Ready to Transform Your Audit Practice?

Join leading CA firms who have streamlined their audit processes with ICAI VERA

Start Free Trial Schedule Demo

⚠️ Important Disclaimer

This tool is a digital compliance and documentation enabler. The final professional responsibility for audit conclusions lies with the signing CA. Use of the tool should be supplemented with professional judgment and customization as required.