Auditus.ai is audit-readiness software. We help you verify that the minimum required documents are in place for an auditor to do their work — nothing more. We do not perform audit activities, issue opinions, or test internal controls. Once your readiness package is complete, your audit firm takes over and produces the deliverables listed below.
Trial balances, GL extracts, supporting memos, contracts, audit-committee minutes, ICFR documentation, prior-year audit papers — whatever applies to your situation.
We check your uploaded files against the minimum required documents for your audit purpose, jurisdiction, framework, industry, and cross-listing status. We tell you what's missing. We do not assess controls, issue opinions, or perform audit procedures.
Risk assessment, walkthroughs, substantive testing, journal-entry testing, confirmations, sample selection, control testing — all governed by CAS, IFRS, NI, and CPAB. Audit firms are CPAB-registered (Canada) or PCAOB-registered (US-listed).
Audit report, management letter, audit-committee communication, rep letter, ICFR communication, and — where applicable — comfort letter, consent, carve-out report, closing-balance-sheet audit. Each is listed in detail below.
These are the deliverables your audit firm produces — not Auditus.ai. Each is mapped to the standard that requires it, with a plain-English description of what it is, why it matters, and when in the audit cycle it lands.
Signed agreement between the audit firm and the issuer setting out the scope, responsibilities, timeline, and fee for the audit.
Required before any audit work starts. Defines what the audit firm will and will not do — so there are no surprises later.
The signed report stating whether the financial statements present fairly, in all material respects, the issuer's financial position and results — under IFRS, US GAAP, or ASPE as applicable.
The deliverable. This is what the public market, the audit committee, lenders, and investors rely on to trust the financial statements.
A written communication from the audit firm to those charged with governance, identifying significant deficiencies in internal control discovered during the audit.
Forces the issuer's board and audit committee to see and address control gaps. Carries forward year-over-year if not remediated.
Formal communication to the audit committee covering the planned scope and timing of the audit, significant findings, key audit matters, and any independence concerns.
Required by CAS 260; this is how the audit committee discharges its oversight role over the audit.
A signed letter from management to the audit firm asserting that the F/S are complete, that all material transactions are recorded, that management has disclosed all relevant information, and other specific representations.
The audit firm needs this on file before signing the audit report. Without it, the report cannot be issued.
The audit firm's documented conclusion on management's going-concern assessment — whether the issuer can continue operations for at least 12 months from the report date.
If the auditor concludes there's material uncertainty, the audit report includes an emphasis-of-matter paragraph that is a major signal to investors and lenders.
The audit firm's documented assessment of the design and operating effectiveness of the issuer's internal control over financial reporting, supporting management's NI 52-109 certifications.
Reporting issuers' CEO and CFO sign NI 52-109 certifications. The audit firm's ICFR work-product is what supports those certifications under inspection.
A separate signed attestation by the audit firm on the effectiveness of the issuer's ICFR, required for US-listed large accelerated filers.
Without it, a 10-K or 40-F cannot be signed by a large accelerated filer.
A signed letter from the audit firm to the underwriter providing negative assurance on specified financial information in the prospectus.
The underwriter relies on this letter for its due-diligence defence. No comfort letter, no pricing call.
A signed, dated consent allowing the audit report to be reproduced in the prospectus filing.
Without it, the prospectus filing is rejected on receipt by the securities commission.
When the audit firm is new to the issuer this year, a documented assessment of opening balances — either via review of the predecessor auditor's working papers or by performing alternative procedures.
Without this, the audit firm cannot issue an unqualified opinion on the comparative period.
A separate audit report on the financial statements of a divested business unit, prepared on a stand-alone basis using management's allocation methodology for shared costs and capital.
The buyer needs an audited basis for the business they are acquiring. Without it, the working-capital true-up and purchase-price adjustments cannot be calculated.
An audit of the balance sheet as at the closing date of the M&A transaction, plus a letter quantifying the working-capital adjustment against the agreed peg.
Triggers the dollar-for-dollar purchase-price adjustment that releases (or claws back) the closing escrow.
Audited financial statements covering the period that the valuator will use as the historical base for their DCF or multiples analysis.
A valuation built on un-audited numbers is not defensible in litigation or against IRS / CRA challenge. The audit firm's deliverable anchors the valuator's work.
Run the free pre-audit pulse to see how complete your readiness package is — before your audit firm walks in. We tell you what's missing; your audit firm takes over from there.