Company audit application is software that can help the audit process more efficient and effective in conducting assessments and evaluations of company reports. Both financial statements, Operations, Information Systems, legal compliance, and forensics.
By using the audit application, the process of examination, assessment, and evaluation can be done more quickly, accurately, operated, cost-effective, in accordance with applicable policies and rules, and can identify potential fraud early.
Best Company Audit App Recommendations
If you're looking for the best company audit app, there are a number of apps that can be an option. Some of them are as follows.
1. Audithink
Audithink's Comprehensive Features being one of the best audit management applications in Indonesia. Has become an innovative solution and trusted by various leading companies. Audit planning carried out carefully and strategically, the audit process is automated and can be done anywhere, accurate reports are presented in an actual action plan can be monitored real-time.
This application offers some excellent features as follows.
- Risk assessment - risk as a parameter of the next audit plan
- Planning - easy and systematic audit program planning
- Program Template - customize templates and trim audit time
- Audit Findings - validation of recommendations does not proceed directly in the app
- Monitoring - easy and real-time monitoring of audit findings follow-up progress
- Automatic report - audit reports can be generated automatically and presented complete according to the format
2. Four Media
Four Media offers a company audit application with an approach risk based audit to achieve effectiveness and efficiency. This application can assist internal auditors in controlling, escorting, and ensuring that corporate governance executed well and maximally.
The main features that Sekawan Media offers are as follows.
- Follow-up Reminder - auditors can receive follow-up notification of recommendations
- Approval audit - each audit process passes approval which comes with a history
- Draft planning - planning and determination of the object is carried out based on the results of risk assessment
- Audit report - audit reports are available automatically and can be customized according to the desired format
- Risk assessment - risk assessment is based on the audit object
3. AuditFindings
AuditFindings is a web-based enterprise auditing application with a user-friendly dashboard. This application can mark, track problems, to generate data-driven reports that are easy to understand in one place.
AuditFindings equips its application with various features that offer convenience to users. Among them are the following.
- Centralized management - all audit issues are easily accessible and managed in one platform
- Social comments - users can discuss and share ideas in one place
- Import/export capability - documents can be imported or exported into files with other extensions
- Web-based access - Web-based applications that are easily accessible without software installation
- Accurate reporting - easy-to-understand database-based reports
4. Workiva
Workiva has advantages in terms of reporting processes that use the help Artificial Intelligence (AI). That way, the process of data collection, validation, preparation of tables, to summaries can be automated and created in a short time.
The main features offered are as follows.
- Intelligence designed for auditing and risk - AI is used to help auditors work faster and more precisely in managing risk
- Connect and collaborate - audit team can plan audit appropriately through collaboration
- Built-in auditability - all audit work centralized in one platform
- Custom reports - reports can be tailored to the audience
- Improve communication with stakeholders – action plan can be monitored real-time and the status of problem resolution is easily informed to management or other parties
5. Onspring
Onspring delivers enterprise auditing applications with seamless process automation and analytics operated. From planning to reporting. The application is software-based that can process data reliably and integrated.
Onspring offers the following key features.
- Audit planning - visual monitoring of progress and reporting deadlines
- Consolidate audit data - audit data can be collected in one place
- Audit findings management - audit findings can be managed in a neat, structured, and easy to follow up
- Survey and data collection - information collection can be simplified
- External collaboration - secure portal access and various data can be shared
How to choose the right Audit app for your company
1. Understand the type and size of business
Knowing the type and size of business is the main key in choosing the right company audit application. For example, a small business might prioritize a simple application, while a large business will need an application with advanced features and scalability.
2. Know the rules that apply in your country
After that, know the rules for using the audit application in your country. Such as, GDPR for personal data protection in Europe, HIPAA for the healthcare industry in the United States, ISO 27001 for the field of information security, and ISO 9001 for Quality Management.
3. Evaluation Of Audit Application Features
Each company audit application is designed with different features and advantages. Reviewing the features offered, can ensure that everything the company needs will be available for the audit process. The features that must be present in the audit application are as follows.
- Workflow automation and optimization
- Real-time analytics and reporting
- Document management
- Risk assessment and management
- Cloud-based accessibility
- Integration capabilities
- Security and data protection
4. Ensure availability of support and training
Application providers sometimes also offer assistance to clients. Start of training, chat chat as well as telephone, detailed guides, webinars, to tutorials. Ensuring that the application provider has it, can help make it easier for companies to adapt to the application.
5. Ensure applications for your business sector
Some applications are designed specifically for specific industry sectors, so not all enterprise audit applications are suitable and can be used. Therefore, make sure that the selected application can indeed be used by Your Business.
6. Consider costs and Budget
Finally, consideration of the choice of application and the costs to be incurred. Invest in an audit application that has compliance with the best value and does not make the company spend double. Also consider the total additional costs, such as subscription fees, training, special features, mentor support, and so on.
Closing
Those are 5 recommendations for company audit applications that can be an option. Before choosing a particular application, be sure to know the needs, type and size of the business, as well as the rules that apply.
Make sure the application has features and support that can facilitate the company's audit process. Consideration of the entire cost and budget to avoid double spending.
If you plan to conduct an audit, Auditing Software from Audithink can be an innovative solution for audit management. Risk-based audit planning, automated and simple implementation, actual reporting, and monitoring accurate and targeted.
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