For Australian audit firms

Audit testing,
automated.

Less ticking. More thinking.

Sample, vouch, quantify, project — the substantive testing that eats your busy season, run end to end in under an hour instead of fifteen. The same procedures, the same standards. Your judgement, not your time.

Book a demo → Try it live

✓ Time compression demonstrated in testing on live-shaped engagement data.

Per revenue engagement

~15hours
by hand

→

under 1hour
with Kritos

✓End to end — sample to signed workpaper, in one run
✓Built to the standards — ASA 530 sampling, ASA 450 documentation
✓Built by a practising auditor — every step reflects real audit judgement

≈ 1,400 expert hours — about $350k in billable capacity — back across a 100‑engagement year · illustrative

Live pilot running now with a mid-tier Australian accounting firm

ASA 530 / 450 methodology Hosted in Australia · Azure No engagement content retained Built by a Chartered Accountant

Still done by hand

Most of an audit is still manual. Tools automate slices of it — sampling here, document extraction there — but none of them runs substantive testing end to end. So the sampling and the vouching still happen by hand, in the weeks when deadlines are tightest.

10–20hoursof manual work to verify one company’s reported revenue — on a single audit, every year.

Senior time goes to ticking. Chargeable hours absorbed by repetitive testing, not analysis.
The work is scattered. Spreadsheets, extraction tools and manual checks, re‑keyed at every step.
Graduates learn ticking, not judgement. Early years on repetition, not the judgement that builds a career.

Try it — no login

Substantive testing, live.

Set performance materiality and run the procedure. Kritos derives the sample, matches each document, computes the variances and projects the result. Amend anything and the numbers recompute.

$14.2M

// revenue population · 240 transactions

Performance materiality $240,000

$200k$600k

$80,000

Sampling interval

113

MUS sample

Target tested · 100%

Sample derived per ASA 530 (confidence factor 3.0). The clearly-trivial threshold of $5,000 is an auditor input, never a percentage of materiality.

Workpaper — Substantive Testing Ready

#GL (ex GST)InvoiceVarianceResult

Set materiality, then run the procedure.

What Kritos does

From population to workpaper, in one pass.

One workflow, not four tools stitched together. Step through it:

ASA 530 · Audit Sampling

Monetary-unit sampling, derived in full

Confidence factor, risk assessment, target testing, residual population — documented so that a reviewer can re-perform the derivation without asking how the sample was drawn.

selected at interval

$850,000

$425,000

$680,000

$312,400

interval $93,333 · high-value items 100% examined

Occurrence · Accuracy

Every item vouched to its document

Every sampled item vouched to its invoice — number, amount, date, currency — with the evidence on the page, so that you check extractions rather than key them.

GL · INV-PFZ-2025-003$312,400

⇅ matched on number + amount

Invoice · INV-PFZ-2025-003$309,950

✓ evidence captured · original preserved

ASA 530 · Projection · ASA 450 accumulation

Variance computed and extrapolated

Variances computed, classified against your clearly-trivial threshold, projected over the residual population. Kritos accumulates and projects; you evaluate and conclude — so that the schedule is ready, not built from scratch.

✓ ≤ clearly-trivial → Pass

! > CT, < PM → Unadjusted difference

■ ≥ PM → Material — investigate

Projected misstatement$215,000

Audit-ready output

Review-ready, not a starting point

Derivation, results, exceptions and extrapolation, assembled into a workpaper your reviewer signs — so that the export is the deliverable, not a draft you rebuild in Excel.

Workpaper — 9 sheets

Audit parameters✓

MUS sample · testing results✓

Variance extrapolation✓

✓ exported · no content retained

Your firm’s numbers

What it’s worth to your firm.

Set the dials to your firm. The estimate applies the ~15‑hours‑to‑under‑an‑hour compression demonstrated in testing — to the revenue testing you already do.

Revenue-testing hours / year1,500

2006,000

Charge-out rate$250 / hr

$100$600

Employee cost$65 / hr

$30$150

$350,000

billable capacity freed each yearhours back × charge-out rate

1,400

expert hours back — for advisory, analysis and more engagements

$91,000

staff cost absorbed by repetitive testing todayhours back × employee cost

Illustrative — built on the time compression demonstrated in testing, not a measured pilot result. Your numbers depend on your engagements and rates.

Why existing tools fall short

Plenty of tools. None go end to end.

Firms already own pieces of this. Each tool does one step and hands the work back.

Tool categoryWhat it doesWhy firms stop short

Analytics & sampling suites

Sampling and data analytics

Complex, costly per seat, heavy training — too cumbersome for everyday testing.

PDF extraction tools

Pull document data into Excel

Begin at extraction — no sampling, no methodology, no matching.

In‑Excel matching add‑ins

Match documents inside Excel

Excel‑dependent; no sampling engine, no methodology layer.

Manual Excel (MUS)

Auditor‑built sampling model

No AI, manual entry throughout, no document processing, high error risk.

Kritos

Sampling → extraction → matching → projection → workpaper

One workflow, end to end — built to ASA 530 and ASA 450.

Where this goes

It doesn’t stop at revenue.

Two cycles run today. The same engine extends across the file, so this doesn’t stay a one-cycle tool sitting beside everything you still do by hand.

RevenueLive

ExpensesLive

Trade debtorsNext

PrepaymentsNext

PayrollNext

Trade creditorsPlanned

AccrualsPlanned

Fixed assetsPlanned

Inventory & COGSPlanned

CashPlanned

BorrowingsPlanned

EquityPlanned

Live today In development On the roadmap

Before your risk partner asks

The questions procurement gets to first.

InsuredProfessional indemnity and cyber insurance in place.

Data processing agreementExecuted and ready to sign alongside any engagement.

Hosted in AustraliaMicrosoft Azure, Australia East. Data does not leave the country.

Tenant isolationRow-level security separates every firm. No content retained after export.

Document processingExtraction runs on Azure OpenAI and Azure Document Intelligence in Australia East. Content is not sent offshore, not retained by the model and not used for training.

Questions auditors ask

Straight answers.

No. Kritos performs the mechanical work — sampling, vouching, computing variances — and drafts a conclusion. You make every determination, amend anything you disagree with, and sign off. The judgment, and the conclusion, stay yours.

Sampling and the projection of sample misstatements follow ASA 530. Misstatements are accumulated against your clearly-trivial threshold and documented as ASA 450 requires. Evaluating uncorrected misstatements, communicating them, and concluding remain yours. Not a US framework relabelled.

Engagement data is hosted on Microsoft Azure, Australia East. Row-level security isolates each firm, so your data is never visible to another tenant. Document extraction runs on Azure OpenAI and Azure Document Intelligence, also in Australia East — content is not sent offshore, is not retained by the model and is not used for training. Uploaded files are removed after the workpaper is exported.

No — and it matters to be clear about that. Kritos tests occurrence and accuracy by vouching recorded items to their source documents. Completeness — the search for unrecorded items — remains your separate procedure. Kritos doesn’t claim to do everything.

You are. Kritos assembles the evidence and a draft conclusion; the auditor reviews it, applies judgment, and signs. Kritos is a tool that does the tracing — it is not a signer.

Pricing on request — hello@kritos.com.au.

There isn’t one hiding in the methodology — it’s the same procedures, traced and documented faster, and demonstrated in testing on live-shaped engagement data.

The founder

Built by Ishwar Chugh, CA.

I did substantive testing by hand every busy season while everything around it got automated. So I built the part that hadn’t been. The work Kritos takes over is the work nobody trained for — opening invoice after invoice, keying amounts into a spreadsheet, chasing a variance that turns out to be a rounding difference.

Audit manager in Melbourne. Chartered Accountant (CAANZ). Master of Management in Accounting and Finance, University of Melbourne. Statutory audit across two Australian firms, graduate to manager.

“Every workflow decision in Kritos was made by someone who has done the work, supervised it, and signed it off.”

How a pilot works

From first look to live workpaper.

Low commitment, high signal.

1STEP 01

See it live

A walkthrough on representative engagement data. No setup required.

2STEP 02

Run a pilot

Kritos on one of your real engagements — your data, your materiality, your review. Supported the whole way.

3STEP 03

Keep the workpaper

A review-ready workpaper out the other side. Your conclusion, your sign-off. Judge it on the output.

Book a demo

See it run.

Sampling to signed workpaper, on representative engagement data. You watch the procedure execute, not a slide deck.

01The sample, derived. Confidence factor, target testing, residual population.
02Documents read and matched. Every figure traced to its invoice.
03The workpaper you'd sign. Variances, exceptions, extrapolation.

Want to judge the output first? Download a sample workpaper (.xlsx)

Pick a time

Duration30 minutes

WhereMicrosoft Teams

To prepareNothing

Your dataNot required

Open the calendar →

Opens in a new tab. Prefer email? hello@kritos.com.au

Audit testing,automated.