Governance, Risk and Compliance

Audit Management Software Solution: Complete Guide

By Resolver Modified March 9, 2021

What is Audit Management Software?

Audits are an important and essential part of managing risk and control effectiveness within an organization. Audit Management Software simplifies the entire auditing process, from planning and scheduling to performing the audit. What Audit Management Software offers you is an easy way to perform the most challenging and complex audits simply and more efficiently.

What are the Benefits of Audit Management Software?

Audit Management Software is vital in letting you do more with less. In addition to the existing internal audit requirements, Auditors are now being asked to be proactive with risk management and provide insights into government regulations. It is no wonder that companies are looking for solutions to make these tasks easier and more time efficient. Being able to execute the audit process quickly and effectively to a high standard reduces the risk of non-compliance and provides insights into any potential problems or issues much quicker than conventional approaches to auditing.

Audit Management Software provides you with a system to support all types of audits in your company and seamlessly customize how you would like that information delivered to and viewed by key staff, management and any other authorized users.

All aspects of auditing can become automated to save time and improve productivity and efficiency. As you create them, audit checklists can be saved and used for any future audits. Saved audit checklists can be modified and updated or saved under new titles to prevent you from wasting time by having to start from scratch each time. Checklists can easily be printed off to ensure that your off-line record keeping meets regulations.

Audit Management Software can run audits at any time of the day or night and with any desired frequency. Audits can be scheduled across different departments simultaneously that use the same audit checklist across the entire company without conflict.

Audit Management Software reminds the auditors and their auditees a few days before the audit is due. On the first day of the new audit, the software flags the audit to the auditor and remains on their system until the audit is completed. This helps auditors stay on top of their audit commitments. The software allows auditors to make amendments even when the program is running, which means that alterations can be made as matters arise when the audit is in progress.

The Audit Management software will ‘remember’ previous audits and authorized staff members can have access to this information when and wherever necessary. Since previous audits are stored, the final results of a current audit can easily be compared to past audits.

Once the Audit Management software has completed its cycle, a list of issues and problems will be reported back to the auditor, clearly stating the necessary actions required to remain compliant. The software can track and acknowledge when these tasks have been completed.

It is easy to see why using Audit Management Software can enhance your auditing. With the software at hand you can easily audit any specific area over the whole of your organization.

Best Audit Management Software

To find out more about the latest in professional Internal Audit Management Software, please contact us. We have implemented software solutions across a number of industries including Finance, Utilities and Health. We would love to discuss your auditing processes and how we might be able to help you utilize our software.

Want to learn more about Resolver's software? Get A Free Demo

 

Resolver

About the Author

Resolver Protects What Matters®. Over 1,000 of the world’s largest organizations use Resolver's cloud software to protect their employees, customers, supply chain, brand and shareholders.