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14 Best Audit Management Software in 2021

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myAudit

myAudit

By myAudit

PRICE ON REQUEST

MyAudit is a cloud-based audit management solution for enterprises and chartered accountants. The automated project man... Read More About myAudit
Client Database Asset Management Expenses Management +11 More
Gen XBRL

Gen XBRL

By SAG Infotech

(1 reviews)

Starting Price

₹17,700/Year

Inclusive of all taxes

Gen XBRL Software has been developed for professionals like Company Secretaries and Chartered Accountants who are involv... Read More About Gen XBRL
Profit & Loss Statement Integration Self Loading +10 More
Monarch eAuditor+

Monarch eAuditor+

By Monarch

(1 reviews)

PRICE ON REQUEST

eAuditor+ is known as one of the best ITR preparation software that is specially designed for chartered accountants to h... Read More About Monarch eAuditor+
Reports Generation Income Tax Return Filing Forms Management +6 More
Monarch M-TDS (TDS Management)
M-TDS is an ultimate audit management solutions for preparing of e-TDS/e-TCS return, efilling income tax online, return... Read More About Monarch M-TDS (TDS Management)
Income Tax Calculation Income Tax Return Filing More than 36 report and register +7 More

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Easyform mAudit
Site inspection and audit (mAudit) is our successful flagship product for field data collection. mAudit is flexible ITR... Read More About Easyform mAudit
Geo Targeting Digital Signage Barcode integration +6 More
FranchiseBlast

FranchiseBlast

By LavaBlast

(2 reviews)

PRICE ON REQUEST

FranchiseBlast is a complete franchise management solution. In addition to apps to improve franchise operations, our com... Read More About FranchiseBlast
Audit Benchmarking Performance Tools +4 More
Gen Auditor

Gen Auditor

By SAG Infotech

PRICE ON REQUEST

Gen Auditor is a complete Audit Management Software designed to serve Startups, SMBs, SMEs and Agencies. This Audit Mana... Read More About Gen Auditor
For Business File e-TDS File TDS +2 More
Fileaudit

Fileaudit

By IS Decisions

PRICE ON REQUEST

Fileaudit is a complete Audit Management Software designed to serve Startups, SMBs, SMEs and Agencies. This Audit Manage... Read More About Fileaudit
File & Folder Monitoring Automated alert & Notification File Folder & Access Auditing +7 More

Top Products

Netwrix Auditor
Netwrix Auditor is a complete Audit Management Software designed to serve Startups, SMBs, SMEs and Agencies. This Audit... Read More About Netwrix Auditor
Risk Assessment Mitigate Weakness Automate the data discovery +4 More
iAudited

iAudited

By iAudited

PRICE ON REQUEST

iAuditedis a complete Audit Management Software designed to serve Startups, SMBs, SMEs and Agencies. This Audit Manageme... Read More About iAudited
Easy to Use Feedbacks Risk Identification +3 More
Centrify Session Recording & Auditing
Centrify Session Recording & Auditingis a complete Audit Management Software designed to serve Startups, SMBs, SMEs and... Read More About Centrify Session Recording & Auditing
Gateway-Based Session Auditing indexed & Searchable Database Compliance +3 More
Audits.io

Audits.io

By Plan Brothers

PRICE ON REQUEST

Audits.io is a complete Audit Management Software designed to serve Startups, SMBs, SMEs and Agencies. This Audit Manage... Read More About Audits.io
Checklist Reporting Follow Up Flawlessly +6 More

Related Categories

ECAT Audit Management Software
ECAT Audit Management Software is a complete Audit Management Software designed to serve Startups, SMBs, SMEs and Agenci... Read More About ECAT Audit Management Software
Improve Intelligence Business insights Centralise Data +10 More
Laser Audit Reporting System (LARS)
Laser Audit Reporting System (LARS) is a complete Audit Management Software designed to serve Startups, SMBs, SMEs and A... Read More About Laser Audit Reporting System (LARS)
Dashboard Audit Planning & Workflow Audit Scheduling +7 More

Last Updated on : 25 Sep, 2021

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Buyer's Guide for Top Audit Management Software

Found our list of Audit Management Software helpful? We’re here to help you make the right choice and automate your business processes. Let’s discover some of the essential factors that you must consider to make a smarter decision!

What is Audit Management Software?

An audit management software system is a computer application that helps in minimizing the duration to pass an audit. With the help of the audit software, auditors can automate various tasks related to inspection and documentation of the compliances, standards, and policies.

It can be integrated with a document control system to ensure systematic audit documentation so that reports can be retrieved seamlessly. In several cases, a standard audit management software helps in accumulating deciding factors responsible for passing or failing of the audit.
 

Audit Management Software Features
 

Lifecycle Management

An audit management software helps in managing a complete audit lifecycle. This includes planning, creating checklists, collecting field data, creating audit reports and suggesting preventive and remedial measures.
 

Customizable Analytics

A standard audit software provides fully customizable analytics that presents the relevant insights related to different risks and control of audits.
 

Data-Gathering

The software comes with data-gathering and aggregation infrastructure to help individuals and organizations perform any audit they require.
 

Dynamic Logic Execution

With the help of a standard audit management system, auditors can execute specific processes as the report of a survey, audit, gap analysis, or inspection.
 

Result Correction

The audit management system helps an organization take preventive and remedial measures by referring to the results of an audit.
 

Reporting and Analytics

Audit documentation software also provides comprehensive reporting and analytics tools for enhanced monitoring and decision making.
 

Audit Management Software Modules
 

Compliance Audit Management Software For Market

Risk management software assists companies manage risks as well as centralize, consolidate, automate, and streamline processes. All these processes ensure organizational adherence to meet standards and regulations required in a given industry.
 

Contract Management

Contract management software helps in the effective organization of contracts from partners, vendors, customers, or employees. It also assists in managing the lifecycle of customers and contracts.
 

Intellectual Property Management

Intellectual property management software helps businesses in the acquisition of trademarks and patents.
 

Law Firm Software

Law firm software assists attorneys and IP law firms conducting litigation and IP filings.
 

CA Office Management Software

CA office management software is a computer application explicitly designed for chartered accountants to maintain the records and other financial data of their clients.
 

GRC Software

GRC software is an application designed to incorporate compliance into daily business processes like employee provisioning, role management, access management, risk assessment, etc.
 

Types of Audits That Audit Management Software Can Facilitate
 

Management Audit

Management audit is the review of various managerial policies. An audit management system can assist in these reviews such as business procedures, objectives, administration, structure and overall development of a company.
 

Quality Audit

A quality audit is a vital part of an organization's quality management system. Audit software provides the tools for systematic monitoring of the tasks conducted by an internal or external quality auditor or team.
 

Statutory Audit Checklist

A statutory audit checklist is a list of elements required to be presented as a mandate by the governing body. The audit documentation is done to make sure that the books of accounts provided to the public and regulatory bodies are accurate.
 

IT Audit

IT audit is the process of monitoring and assessing a company’s IT infrastructure, operations, and policies. IT audits ascertain whether the information technology that safely keeps the company’s assets and data are in tandem with the company's overall objectives.
 

System Audit

A system audit is streamlined with the help of audit software to monitor and enhance the effectiveness of a system. Audits are conducted to verify specific elements within the system for the smooth functioning of an institution.
 

Process Audit

With the help of audit management software, businesses can implement a process audit. The process audit is about monitoring outcomes of the various processes to determine whether the activities and resources are executed effectively.
 

Bank Audit Procedure

Bank audit is one of the most crucial processes for any financial institution. With the help of the audit management system, financial statements of the institution are verified to ensure that the final accounts represent the financial position of the bank accurately.
 

Audit Management Software Comparison with Teammate Audit
 

Free and Open Source Audit Management Software

Some audit software companies allowed to download free audit management software full version for trial along with the specific feature.

FAQ iconAudit Management Software FAQs

There are majorly two types of audits in India; Statutory and Internal. Statutory audits are carried out to report the current state of a company’s finances and account to the Indian government. On the other hand, internal audits are usually conducted at the request of the internal management so that they can get a proper idea of all the financial functioning. 

Internal audits are conducted by the company’s internal auditors, while external audits are processed by a private firm and are decided by the shareholders’ vote. Besides, internal auditors can issue their findings in any report format, while external auditors must use specific formats for their audit opinions and management letters.

Audit software helps organisations to independently analyse the compliance of set standards, regulations, procedures, and plans of the institution; by either commissioning external agencies or employing internal staff.

Management audit helps in the performance evaluation of different functions and processes of an organisation. 

There are several audit management systems in India to help in both external and internal auditing procedures. Some of the top audit management software solutions available in the market are:

  • mAudit
  • LegalRaasta – ITR Software
  • SAG GenAuditor
  • ECAT - Electronic Compliance Audit Tool
  • AuditMe
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