Audits are an unavoidable component of a company’s risk-management plan. It assesses quality procedures to detect and control any concerns. Auditing in the traditional sense is neither efficient nor friendly to compliance. Managing dispersed audit systems is an excellent difficulty for corporations. To make their quality audits genuinely efficient and productive, firms need to transfer to cloud-based audit management software.


16+ Audit Management Software

1. AuditBoard

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Rating: 5/5

Price: Custom

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2. CAMS

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Rating: 4.8/5

Price: Custom

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3. Fastpath Assure

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Rating: 4.6/5

Price: Custom

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4. TeamMate+

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Rating: 4.3/5

Price: Custom

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5. SAI360

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Rating: 4.6/5

Price: Custom

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6. Workiva

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Rating: 4.7/5

Price: Custom

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7. CaseWare IDEA

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Rating: 4.4/5

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8. ERP Maestro

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Rating: 4.8/5

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9. HighBond

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Rating: 4.3/5

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10. LogicGate Risk Cloud

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Rating: 4.7/5

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11. Strongpoint

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Rating: 4.8/5

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12. Dockit SharePoint Manager

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Rating: 5/5

Price: Custom

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13. Ecert

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Rating: 4.7/5

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14. Nimonik

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Rating: 4.8/5

Price: Custom

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15. Aptible Comply

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Rating: 4.9/5

Price: FREE

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16. AuditRunner

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Rating: 4.6/5

Price: Custom

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17. AuditUtopia

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Rating: 4.9/5

Price: Custom

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What Is an Audit Management Software?

Companies can use audit management software to streamline their audit operations and ensure compliance with regulations and internal standards. This program is used to create, implement, and track auditing procedures for various reasons, including data quality, health and safety, and environmental protection. Chemicals, pharmaceuticals, health care, and food and beverage sectors are among the industries that employ audit management software the most. Compliance professionals and operations managers can utilize audit management software to plan audits and analyze the outcomes. Employees use this type of software in divisions such as manufacturing and distribution to perform audit procedures and submit the results to their management.

Benefits

You should concentrate on audit management software if you want to standardize your business audits. As a result, the moment has come to transition from paper-based audits to computerized audit management. Here are a few of its benefits:

Features

Audits are necessary to ensure and demonstrate compliance with a variety of quality standards and legislation. Audits regularly also aid in the pursuit of continuous development. They uncover flaws that can subsequently be rectified. As a result, a company’s competitive edge can be secured and maintained. This can be changed with the correct auditing management software. It can centralize, automate, and simplify auditing operations. We’ll go over some of the significant features:

  • It’s simple to plan and prepare for an audit.
  • It should be user-friendly.
  • Subscriptions should be accessible at a fair cost.
  • Should have alternatives for audit closure and reporting.

Top 10 Audit Management Software

1. AuditBoard

AuditBoard is a superior cloud-based technology that is revolutionizing the way businesses manage risk. They make $42 million in revenue and employ 200 people.

2. CAMS

CAMS is an online platform that provides mutual fund and insurance investing services. They have a $6 million revenue and 35 staff.

3. Fastpath Assure

Fastpath is a cloud-based audit software that provides solutions for role administration, browser security, and audit compliance. They have a $10 million revenue and 45 staff.

4. TeamMate+

TeamMate + is an audit management system that assists auditors and audit department leadership in managing all areas of the audit process. They have a $5 million revenue and 18,785 employees.

5. SAI360

With an integrated approach to risk management, SAI360 assists organizations in gaining a perspective to manage risk, build trust, and achieve business excellence, growth, and sustainability. They have a $416 million revenue and 1,983 employees.

6. Workiva

Workiva creates a cloud-based platform enabling organizations to collaborate on data, report on it, and comply with regulations. They make $351 million in revenue and employ 1,718 people.

7. CaseWare IDEA

CaseWare IDEA is a cloud-based accounting, auditing, and financial reporting software provider for the economic and government sectors. They have 357 employees and a revenue of $63 million.

8. ERP Maestro

ERP Maestro is a cybersecurity platform established in Florida that offers identity security, access control, compliance, and other related solutions to businesses. They have a $2 million revenue and 30 staff.

9. HighBond

HighBond is a software platform for enterprise governance that improves computer security, risk management, compliance, and assurance. They have a $32 million revenue and 360 employees.

10. LogicGate Risk Cloud

LogicGate is a workflow automation technology that helps businesses with corporate risk, compliance, and incident management. They have 102 employees and a revenue of $21 million.

FAQs

What do internal controls entail?

Internal controls are the processes, regulations, and procedures that a business uses to ensure the integrity of financial and accounting data, promote accountability, and prevent fraud detection.

What takes place during an audit?

In most cases, an audit entails the following: In most cases, the audit will last no longer than one week. The auditors will interrogate you about your bookkeeping software and business operations. The auditors will look over your books and records to make sure they match the customs filings.

What do you mean by process audit?

This form of audit ensures that processes are operating within set parameters. It measures compliance to established instructions or standards and the effectiveness of the instructions by evaluating an operation or procedure against specified instructions or criteria.

Choosing the finest audit management software for your business allows you to organize and schedule internal audits. The software proves your devotion to legislation and quality standards by providing a complete audit trail for anyone looking at your compliance. You can choose the correct audit software from the pool of solutions available on the market, depending on how stringent your company’s rules are.


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