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  1. Business Software

  2. Audit Management Software

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Buyer's Guide

6 Best Audit Management Software in 2019

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Gen XBRL Audit Management Software

Gen XBRL Gen XBRL Software has been developed for professionals like Company Secretaries and Chartered Accoun...

by SAG Infotech

(1 reviews )

Starting Price
₹6,000.00
Features :
  • Financial Management
  • Conversion
  • Profit & Loss Statement
  • 8 More
Supported Platforms :
Deployment :
Organisation Type :
  • 1213 Interested
  • 919 Added to Cart
  • 2718 Requested Call Back
Monarch M-TDS (TDS Management) Audit Management Software

Monarch M-TDS (TDS Management) M-TDS is an ultimate audit management solutions for preparing of e-TDS/e-TCS return, efilling income...

by Monarch

(2 reviews )

Starting Price
₹2,250.00Lifetime
Features :
  • Audit Report
  • Simple data entry module
  • More than 36 report and register
  • 5 More
Supported Platforms :
Deployment :
Organisation Type :
  • 1573 Interested
  • 1182 Added to Cart
  • 2202 Requested Call Back
Monarch eAuditor+ Audit Management Software

Monarch eAuditor+ eAuditor+ is specially designed for chartered accountants to help them for creating and e-filin...

by Monarch

(1 reviews )

Starting Price
₹1,750.00Lifetime
Features :
  • Forms Management
  • report generation
  • Import & Export Data
  • 4 More
Supported Platforms :
Deployment :
Organisation Type :
  • 1366 Interested
  • 952 Added to Cart
  • 2533 Requested Call Back
LegalRaasta - TDS Software Audit Management Software

LegalRaasta - TDS Software TDS and tds e filing software is a comprehensive Tax-Deducted-At-Source Return software designe...

by LegalRaasta

(2 reviews )

Starting Price
₹799.00/year
Features :
  • PAN Verification
  • Unlimited quarterly return
  • Reports
  • 8 More
Supported Platforms :
Deployment :
Organisation Type :
  • 1409 Interested
  • 1200 Added to Cart
  • 2081 Requested Call Back
mAudit Audit Management Software

mAudit Site inspection and audit (mAudit) is our successful flagship product for field data collection. mAu...

by Sky Productivity

(2 reviews )

PRICE ON REQUEST
Features :
  • Geo Targeting
  • Digital Signage
  • Barcode integration
  • 6 More
Supported Platforms :
Deployment :
Organisation Type :
  • 1413 Interested
  • 1071 Added to Cart
  • 2209 Requested Call Back
Saral TaxOffice Audit Management Software

Saral TaxOffice Saral TaxOffice is the most advance and reliable income tax software and audit management softw...

by Relyon Softech

(2 reviews )

PRICE ON REQUEST
Features :
  • CA office Automation
  • Complete Tax Suit
  • Complete Office Suit
  • 6 More
Supported Platforms :
Deployment :
Organisation Type :
  • 1475 Interested
  • 995 Added to Cart
  • 2022 Requested Call Back

  • Compare Now

Last Updated on : 08 Dec, 2019

Audit Management Software Buyers Guide

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 minimising 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.

Customisable Analytics

A standard audit software provides fully customisable analytics that present 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 organisations 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 organisation 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 centralise, consolidate, automate, and streamline processes. All these procesess ensure organisational adherence to meet standards and regulations required in a given industry.

Contract Management

Contract management software, helps in the effective organisation 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

Quality audit is a vital part of an organisation'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 safekeeps the company’s assets and data are in tandem with the company's overall objectives.

System Audit

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 an audit management software, businesses can implement a process audit. 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 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.

Audit Management Software FAQs

A. 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. 

A. 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.

A. 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.

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

A. 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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