Are you interested to know and try the best audit management software for your business? Internal Audit is an important function of an organization. Audit management software generally involves computer programs created to help in examining and testing the accounting records of clients. Audit software packages serve the different needs of a client.
This management software helps in collecting evidence, conducting analytical tests, sampling data, evaluating internal control, documenting, scheduling the audit, Automated Audit Reporting facility, etc.
Here in this post, we recommend top audit management software to consider for your business operations.
List of Top 6 Audit Management Software for Small Business
1. Self Expert Software
SE Audit is a comprehensive solution involving different steps like planning, preparation, execution, conclusion, and monitoring facilitating a successful quality audit.
Additionally, it is a comprehensive solution to collaboratively solve critical business excellence challenges with an integrated multi-application environment.
2. Risk Pro
The software contains modules in risk assessment, audit planning, scheduling, fieldwork, reporting, and tracking exceptions. Risk Pro-audit management solution is web-enabled and user-friendly.
Key Audit Reports are inbuilt in the system as off-the-shelf reports. There are over 20+ reports giving different views and summaries of audit status, fieldwork status, review status, audit observation status, overdue audit observation, and more.
3. Apex Audit Systems
This solution covers the entire gamut of the activities of an Audit Institution, starting from Planning to the generation of Work Orders. Monitoring of the Audit Progress to the creation of reports and Audit Status. Management of Work Papers of Audit in Office (Word, Excel) file formats.
Standardized forms used by the Auditing organization can also be computerized and document-based workflows implemented around the forms.
ControlCase Audit Manager is built upon the ControlCase GRC (CC-GRC) platform.
This software provides a comprehensive solution to managing the functions, documents, and tasks associated with audits (IT, Security, or Financial) for SMEs.
5. Audit Management Solution by SAG Infotech
SAG Auditor software is designed to reduce your work pressure at various levels of tax auditing. It is proficient in maintaining the client’s yearly accounting details.
Additionally, the company offers cutting-edge solutions and provides quality, cost-effective IT products, and services.
MyAudit is a popular cloud-based audit management solution. The company is based in Gurugram, Haryana in India.
This software helps users in simplifying various Audit processes, client management, task assignment, invoicing, peer reviews, leave records, and much more.
Related Software: Best Accounting Software in India
Internal Audit is a very important function of an organization. Managing the audit process efficiently is extremely important for maximizing its value to the organization. Choosing the right audit management software is extremely critical as it effectively makes a significant value addition.
Frequently Asked Questions
What are the types of audits that are popular in India?
There are broadly two types of audits in India. They are Statutory and Internal. Statutory audits are done primarily to present the financial status of the company status to specific authorities of the Indian government. Internal audits are done by company management to have a clear idea about the financial health of their own company.
What is the difference between internal and external audits?
Internal audits are generally carried out by the internal auditors of the company. On the other hand, external audits are normally done by an independent audit firm appointed by shareholders.
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Editorial Staff at NextWhatBusiness is a team of Business Consultants having years of experience in small and medium scale businesses.