How Auditus Works
Three-phase audit workflow with AI-assisted intelligence at every step
A statutory audit is not three discrete events — it is a continuous chain of evidence, judgment, and sign-off. When a Canadian reporting issuer fails an audit, it is almost never because the audit firm did the wrong testing. It is because the firm could not assemble the right evidence at the right moment, in the right format, and route it through the right reviewer fast enough. Auditus.ai exists to remove that assembly cost.
Every workflow on the platform — sampling, confirmations, workpaper composition, sign-off — is mapped to a specific PCAOB Auditing Standard (AS) or Canadian Auditing Standard (CAS). When a CPAB inspector opens an engagement six months after sign-off, every step is replayable from the forensic activity log with the cited standard, the testing methodology, and the cryptographic signature of the partner who approved it.
The three-phase model below mirrors how every senior auditor learns the job, and how every regulator measures it. Planning establishes what could be wrong; fieldwork establishes whether it is wrong; reporting and sign-off establish who is accountable for the conclusion. Skip any phase and the engagement is uninsurable.
Who this is for
Managing partners
You see the full portfolio — which engagements are healthy, which are slipping, who on the team is overloaded. Auditus surfaces the answer before you ask.
Engagement managers
You drive a single mandate through 14 controlled phases, with check-in/check-out locks on every workpaper and a real-time readiness score the audit committee can read.
Senior auditors
You execute substantive testing, raise findings cited to the underlying line item, and resolve review notes without re-keying anything you already entered.
Quality reviewers (EQCR)
You inherit a workpaper bundle with cryptographic signatures, materiality snapshots, and a full activity log — the same view a regulator would see in inspection.
Phase 1: Planning & Risk Assessment
Typical duration: 2-3 weeks
Client Acceptance
Verify independence, client profile, engagement scope
Audit Planning
Calculate materiality, assess risks, plan procedures
Analytical Review
Analyze financials, identify anomalies, flag high-risk areas
Sampling Configuration
Determine sample sizes, select items for testing
Phase 2: Fieldwork & Testing
Typical duration: 4-6 weeks
Controls Testing
Test control design and operating effectiveness
Substantive Testing
Test transactions, balances, and disclosures
Fraud Assessment
Evaluate fraud risks, management override indicators
ICFR Assessment
Evaluate internal control over financial reporting (SOX 404)
Phase 3: Reporting & Sign-Off
Typical duration: 1-2 weeks
Financial Reporting
Assemble financial statements, validate completeness
Audit Report
Draft opinion, identify CAMs, finalize report
EQR (Engagement Quality Review)
Concurring partner review, quality gate approval
Delivery & Sign-Off
Issue final report, coordinate with management
Platform Capabilities
Automated Analytical Procedures
Analyze GL data in seconds. Identify anomalies, trends, and risk flags automatically.
Evidence Linking
Every finding is linked to transactions, GL accounts, and controls. Full audit trail.
Dual-Framework Reporting
Support IFRS, US GAAP, and Canadian accounting. Reconcile differences automatically.
IPO Readiness Scoring
Continuous assessment against NASDAQ/NYSE/TSX requirements. 90-day action plans.
Control Deficiency Tracking
Identify, document, and track remediation of significant deficiencies and material weaknesses.
CAM & KAM Identification
Flag critical audit matters automatically based on risk profile and findings.
Standards we map every workflow against
The platform is built so a CPAB or PCAOB inspector can replay any engagement against the original standards verbatim. Each workspace tab carries its standard reference; each finding is cited to the line item that triggered it; each sign-off is cryptographically anchored to the partner who issued it.
Planning standards
PCAOB AS 2101 (audit planning) · AS 2105 (materiality) · AS 2110 (risk assessment) · CAS 300 / 315 / 320 equivalents. We compute overall, performance, and clearly-trivial thresholds with a real CFO-defensible benchmark.
Substantive procedure standards
PCAOB AS 2301 (auditor's responses) · AS 2315 / ISA 530 (sampling) · AS 2310 / ISA 505 (confirmations) · AS 2401 / ISA 240 (fraud) · AS 2501 / ISA 540 (estimates). Sample sizes are risk-calibrated, not arbitrary.
Reporting standards
PCAOB AS 3101 (auditor's report — independent opinion) · ISA 700 · CAS 700. Key audit matters, going-concern paragraph, and signature blocks render directly to the PDF; the SHA-256 hash is logged in the activity feed.
Quality review (EQCR)
PCAOB AS 1220 · CAS 220 — concurring partner review. EQCR inherits a sealed workpaper bundle and an immutable activity trail. Disagreements are flagged in the chain; nothing bypasses review.
ICFR / SOX 404
NI 52-109 (Canada) and SOX 404 (US) certification scaffolds aligned to the COSO 2013 framework — control-design walkthroughs, effectiveness testing, deficiency severity classification, and management certification language.
Industry-specific modules
IFRS 16 / ASC 842 (leases), ASC 606 / IFRS 15 (revenue recognition), ASC 350 / IAS 36 (goodwill), IFRS S2 / SEC Climate (ESG assurance), ISA 570 (going concern), ISA 560 (subsequent events) — each as a dedicated workspace surface.
Ready to Transform Your Audit
See Auditus in action with a realistic audit scenario. Test the workflow, explore the features, and validate the approach.