Best Audit Software 2025
Audit management software supports enterprises, non-profits and agencies in carrying out internal audits according to industry standards and in accordance with any industry, department, or company-specific rules and regulations.
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What is Audit Software?
Audit software automates the various auditing lifecycle aspects to ensure compliance with internal, industry-specific, and governmental protocols and policies. This includes but is not limited to detecting security threats, accessing inspection and compliance documents, tracking user behavior and activities, generating necessary reports, managing active alerts in real time, and scheduling future audits from one platform.
Audit software is an essential tool to streamline the complicated auditing process. By automating the many steps in internal auditing on a single consolidated platform, audit software allows businesses to efficiently ensure compliance and reduce risk or error. Additionally, most audit software offers robust IT security features, making them an excellent additional tool to ensure data security and integrity. Finally, audit software includes the ability to generate corrective and preventive action reports, which are helpful in simplifying future audits.
Audit Software Features
The most common audit software features are:
- Planning, scheduling, and calendar management
- Root cause analysis
- Compliance management
- Integrated data storage, access, and management
- Trend analytics and reporting
- Multiuser and multiplatform support
- Sustainability performance analysis
- Corrective action reports
- Preventative action reports
- Asset tracking and monitoring
- Access control and user management
- Audit trails and tracking
- Automation tools
- Project management
- Third party integration
- Compliance training
- Cloud-based, on premises, or hybrid deployment
Audit Software Comparison
When choosing the best audit software for you, consider the following:
Industry-specific compliance. The best audit software product for you will include tools and assets to more efficiently facilitate compliance with regulations specific to your industry.
AI features. If you find that your needs dynamically change between scheduled audits, you may be interested in audit software with AI-powered features. AI capabilities offered by some vendors can automatically tailor audits to focus on areas of concerns from previous audits, correct possible risks, and generate necessary reports.
Deployment time. Regardless of the individual product you choose, audit software can take quite some time to deploy, with the average range of time being 2 to 4 weeks. Variation in implementation can occur based on business size, information security frames, and automation needs, among many other factors. Vendors will work with you to create an implementation timeline.
Pricing Information
Audit software can range between $20 and $230 per month. Most vendors require buyers to contact them directly for pricing so they can tailor plans specifically to the needs of a business. Most vendors offer free trials and demos.