What is an Audit Management Software?
Audit Management Software allows auditors to simplify the entire auditing process, such as planning and scheduling, to quickly and efficiently perform the most challenging and complex audits. Enables auditors to create checklists and can be saved and used for any future audits. Audit Management Software also allows auditors to modify and update checklists or save under new titles to prevent wasting time by starting from scratch each time. Enables auditors to be proactive with risk management and provide insights as per government regulations.
Audit Management Software allows auditors to print checklists to ensure that off-line record-keeping meets regulations. Enables auditors to run audits at any time with any desired frequency. Allows auditors to schedule across different departments simultaneously and can use the same audit checklist across different departments without conflict. Provides alerts and notifications to auditors and auditees a few days before the audit is due.
Features of Audit Management Software
List of Audit Management Software
When you start looking for the best audit management software, it is easy to get overwhelmed with the list of options available. Here is the handpicked list of audit management software to choose as per your requirement:
1. FastPath Assure
FastPath Assure is a cloud-based audit management software that is suitable for businesses of all sizes. Allows businesses to manage transactions, analyze segregation of duties, conduct security access reviews, sign off & on controls, and manage user access. FastPath Assure audit management software enables users to export reports in multiple formats, such as in PDF and Excel.
FastPath Assure provides a list of potential conflicts for various ERP systems that allow users to identify security threats and provide documentation to internal and external audit teams.
Key Features:
- Integrates with third-party applications such as Zendesk, Salesforce, Acumatica, etc
- Available on an annual subscription
- Provides support via email, phone, and other online measures
- Also allows users to generate custom reports
To know more about FastPath Assure Audit Management Software features and product options, click here to continue.
2. ADAudit Plus
ADAudit Plus is an audit management software designed for businesses of all sizes. It includes active audit directories, login & logoff records, file servers, and Windows server data. Allows users to monitor and generate reports in real-time. Its logoff and login tracking functionality enable users to collect audits, including duration, login history, and login failures.
ADAudit Plus software allows users to track file creation, modification, and deletion. It provides email alerts and notifications in document access and document modifications. Provides 200+in-built templates to create custom audit reports.
Key Features:
- Provides support via email, phone, and other online measures
- ADAudit Plus also offers a free trial version
- Available on an annual subscription
- Available on-premise and a cloud-based
To know more about ADAudit Plus Management Software features and product options, click here to continue.
3. iAuditor
iAuditor is an audit management software suitable for businesses of all sizes. Allows users to create checklists, file reports, and conduct inspections. iAuditor software also enables users to create audit forms digitally and develop an interactive checklist. Allows users to capture various information in various file types and store audit history digitally. Enables users to take and annotate photos, add notes, and assign follow-up corrective actions to other team members.
iAuditor allows users to convert paper forms into digital formats by scanning. Enables users to share reports via email in various formats such as PDF, XML, CSV, etc. Allows users to schedule an audit and set reminders. Integrates with SharePoint, Google Sheets, Dropbox, etc.
Key Features:
- Allows users to create audit reports using in-built templates
- Available on a monthly subscription
- Provides a mobile app for iOS and Android
- Also provides a free trial version
To know more about iAuditor Management Software features and product options, click here to continue.
4. AuditBoard
AuditBoard is a cloud-based audit management software suitable for businesses of all sizes. Allows users to manage, analyze, and report on internal data in real-time. It includes audit management solutions for SOX management and operational audits. AuditBoard software allows users to export data into a PowerPoint or Excel file automatically.
AuditBoard allows users to create personalized dashboards using in-built templates. It also enables users to links risks, controls, and testing documentation in a central repository.
Key Features:
- Enables teams to work on the same document simultaneously
- Provides support via email and over the phone
- Allows users to integrate with Azure Active Directory
- Available on an annual subscription
To know more about AuditBoard Management Software features and product options, click here to continue.
5. ECAT Audit
ECAT Audit is a cloud-based audit management software designed for organizations of all sizes. It includes offline mode, multi-field inspections, and an inspection scheduler. Allows users to monitor, review, and generate reports on safety inspections. ECAT Audit management software enables users to view information during inspections, such as resolving issues and the escalation process. Allows users to achieve auditing success with actionable insights and better decisions.
ECAT Audit allows users to create custom reports as per requirements. Allows users to schedule inspections by hours, days, weeks, and months. Provides an NFC tag and barcode scanning to verify proof of presence.
Key Features:
- Provides alerts and notifications to highlight specific issues
- Available on a monthly subscription
- Provides a mobile app for iOS and Android
- Provides support via email and phone
To know more about ECAT Audit Management Software features and product options, click here to continue.
6. Resolver
Resolver is a cloud-based audit management software suitable for businesses of all sizes. It includes an audit trail, archiving and retention, environmental compliance management, etc. Allows users to generate customized reports on current performance and compare them to historical performance. Resolver audit management software enables users to monitor ongoing audits in a visualized mode and access audit findings.
Resolver provides International Professional Practices Framework (IPPF) that allows users to perform audits based on compliance standards. Prioritizes essential audits and reduces the number of trivial requests.
Key Features:
- Enables users to assign tasks to individuals based on critical risk-based audits
- Provides support via email and over the phone
- Also allows users to monitor resources, skill sets, and team schedules
- Allows users to eliminate multiple requests for the same documentation
To know more about Resolver Audit Management Software features and product options, click here to continue.
7. Audit Prodigy
Audit Prodigy is a cloud-based audit management software designed for businesses of all sizes. It includes issue management, compliance management, certifications, surveys, and integrated flowcharts. Provides resource optimization functionality that allows users to convert resource plans into level-loaded schedules and report time. Audit Prodigy software allows users to keep project completion into account using drag and drop grant charts. Enables users to avoid project delays, failures and utilize over or under-loaded resources.
Key Features:
- Allows users to manage multiple projects by monitoring risk and compliance
- Also provides a free trial
- Available on a monthly subscription
- Also allows users to integrate with Okta
To know more about Audit Prodigy Management Software features and product options, click here to continue.
8. LARS
LARS (Laser Audit Reporting System) is an audit management software designed for businesses of all sizes. It includes audit planning, audit scheduling, automated reminders, audit repositories, etc. Allows users to track planned, unplanned, dropped, ongoing, and completed audits across multiple areas. LARS software enables users to assign tasks to specific individuals by providing start and end dates for each audit area.
LARS allows users to create documentation and work papers outlining audit activities. Enables users to share multiple file types, such as Microsoft Word, Excel, PowerPoint, PDF, GIF, etc.
Key Features:
- Enables users to update findings regarding controls, policies, and procedures
- Also provides a free trial version
- Provides support via email and phone
- Available on a monthly subscription
To know more about LARS Audit Management Software features and product options, click here to continue.
9. AuditFindings
AuditFindings is a cloud-based audit management software suitable for businesses of all sizes. Enables users to flag specific issues for customized reporting. AuditFindings software also allows users to notify and remind an individual or team regularly to update the status of uncorrected or outstanding audit items. Enables users to import or export files in Microsoft Excel or PDF format.
AuditFindings allows users to manage multiple accounts and set up role-based permission and determine access as per requirements. Enables members to filter and view information based on the due date, department, priority, etc.
Key Features:
- Enables users to assign a task to individuals for corrective action
- Also provides a free trial version
- Allows multiple users to discuss and share ideas on audits
- Available on a monthly subscription
To know more about AuditFindings Management Software features and product options, click here to continue.
10. Arbutus Audit
Arbutus Audit is an audit management software designed for businesses of all sizes. It includes analytics, exception management, compliance management, and risk management. Allows users to schedule reports on a weekly, biweekly, and monthly basis. Arbutus Audit management software enables users to analyze data and identify trends such as lookup and fuzzy records analyzers.
Arbutus Audit allows businesses to deploy centralized audit analytics and continuous monitoring processes. It also provides direct access to data, including disparate, complex, and legacy sources.
Key Features:
- Allows users to address needs in the areas of data quality, access, migration, etc
- Provides support via email and phone
- Available on an annual subscription or perpetual license
- Also provides a free trial version
To know more about Arbutus Audit Management Software features and product options, click here to continue.
11. AppZen Audit
AppZen is a cloud-based audit management software suitable for businesses of all sizes, such as automotive, travel, media, advertising, etc. Allows users to audit expense reports, such as analyze invoices or expenses and identify rule violations. AppZen audit management software also enables users to automate audit processes by uploading receipts, tracking duplicate expenses, and flagging over-expenses. Allows users to assign flagged reports to specific individuals.
Key Features:
- Integrates with third-party applications, such as Netsuite, Oracle, Workday, etc
- Supports 40+ languages and 100+ currencies
- Provides support via email, live chat, and other online measures
- Available on an annual subscription
To know more about AppZen Audit Management Software features and product options, click here to continue.
12. E-Data Now!
E-Data Now! is a cloud-based audit management software designed for businesses of all sizes. It includes audit planning, scheduling, email notifications, offline editing, etc. Allows users to assigned tasks to individuals or teams directly. E-Data Now! audit management software enables users to check audit performance by tracking the hourly rate of inspections.
E-Data Now! allows users to report issues quickly and trigger automatic email notifications. Enables users to access quality inspection, manufacturing reports and creates I-charts, R-charts, and X-charts with the option of CSV export.
Key Features:
- Supports multiple languages, such as English, German, French, etc
- E-Data Now! also provides a free trial
- Provides a mobile app for iOS
- Provides support via email and phone
To know more about E-Data Audit Management Software features and product options, click here to continue.
13. DoubleCheck
DoubleCheck is an audit management software suitable for organizations of all sizes. It includes audit planning, evidence management, report generation, issue resolution, etc. Allows users to create customizable interfaces to suit the roles and responsibilities of auditors. DoubleCheck audit management software enables users to search for collected documents during audits.
DoubleCheck allows users to filter, find, and analyze visual data. Enables users to assign tasks to specific employees, and follow-up messages are automatically generated to resolve issues.
Key Features:
- Allows users to address audit errors by creating task lists
- Available on-premise and a cloud-based
- Also provides a free trial version
- Provides support via email and phone
To know more about DoubleCheck Audit Management Software features and product options, click here to continue.
14. Pro-Inspector
Pro-Inspector is an audit management software suitable for businesses of all sizes, such as retail, automotive, construction, etc. Allows users to create item inspection checklists, generates inspection reports, and schedule audits. Pro-Inspector audit management software allows users to use custom forms to collect data, capture e-signatures, attach relevant images, suggest corrective actions, etc.
Pro-Inspector allows users to track inspection completion status based on categories, such as in progress, new, canceled, and closed. Enables users to create task details such as inspection location and due dates.
Key Features:
- Available in multiple languages, such as English, French, Spanish, etc
- Also provides a free trial version
- Provides a mobile app for iOS and Android
- Available on a monthly subscription
To know more about Pro-Inspector Audit Management Software features and product options, click here to continue.
15. TeamMate+ Audit
TeamMate+ Audit is a cloud-based audit management software designed for businesses of all sizes. Enables users to improve the efficiency, visibility, and consistency of audits across the organizations. TeamMate+ Audit management software also allows users to generate customizable audit reports, view audit processes, and track document changes. Enables users to track audit files and edits with an audit trail to protect data integrity for external review.
Key Features:
- Compatible with different browsers and with different devices
- Also allows users to customize any audit reports
- Provides support via email and phone
- Provides a free trial version
To know more about TeamMate+ Audit Management Software features and product options, click here to continue.
16. Auditus
Auditus is a cloud-based audit management software suitable for businesses of all sizes. It includes email alerts, automated notifications, scheduled reports, etc. Allows users to create checklists, perform audits, and analyze reports. Auditus software also enables users to capture information and attach annotations and photos to inspection reports.
Auditus allows users to set permission and determine access to individuals. Provides real-time analytics that enables users to identify areas for improvement, view outstanding actions, and identify performance issues. Allows users to download their content in multiple formats.
Key Features:
- Provides a mobile app for iOS and Android
- Provides in-built customizable templates
- Available on a monthly subscription
- Also provides a free trial version
To know more about Auditus Management Software features and product options, click here to continue.
17. Pentana
Pentana is an audit management software suitable for businesses of all sizes. It includes exception management, compliance management, issue management, etc. It also leverages risk and control frameworks to allows organizations to perform audits. Pentana audit management software allows users to integrate historical risk issues from past audits into current audit planning. Enables users to analyze data in real-time and can generate reports automatically.
Key Features:
- Enables users to track performance and identify areas for improvement
- Available on-premise and a cloud-based
- Provides support via email, phone, and other online measures
- Also provides a free trial version
To know more about Pentana Audit Management Software features and product options, click here to continue.
Types of Audit
- External Audit: Outside parties perform this type of audit to remove any bias in reviewing the company’s financial statements. Enables auditors to identify if there are any material misstatements in the financial statements.
- Internal Audit: The organization’s auditors perform this type of audit on specific employees or groups. Allows auditors to submit the audit reports directly to the management.
Conclusion
The traditional auditing method is time-consuming, and auditors have to use several manual methods for specific functions and a much higher chance of human error. Audit Management Software allows auditors to identify under-performing departments, and inefficient procedures and calculations can be done without disrupting. Enables auditors to look into the inner workings and finer details of a business. Audit Management Software also allows auditors to retrieve the necessary information quickly and efficiently to organize and present information as per requirements to improve data quality and positively affect overall performance.
