An internal audit software is a digital tool used by in-house auditors and compliance officers in performing walkthrough inspections and data analysis. It helps to identify weak points, inefficiencies, and non-compliance in business operations to implement appropriate corrective actions. iAuditor internal audit software is a web and mobile platform solution used to record unlimited information for process improvement and compliance with internal and regulatory standards.
You can use the iAuditor internal audit software on your mobile phone or tablet even if you are offline. Your inspection data is automatically saved via unlimited cloud storage once you connect your device to the internet. Additionally, intuitive smartforms make inspections faster and more efficient by hiding unnecessary questions and fields based on your responses.
Audit data recorded on paper are susceptible to damage, loss, and unauthorized access. iAuditor’s cloud storage eliminates these problems by ensuring that all inspection data is automatically saved and accessible only to the right people. You can also apply data search filters such as time, date, template, employee, and location so you can access the data you need, whenever you need it.
Take pre-emptive action by identifying patterns and trends via iAuditor’s web analytics. This unique feature gives compliance officers useful insights by helping them visualize audit data so they are easier to interpret. Additionally, auditors can assign tasks and actions to appropriate personnel through the app to reduce the lag time between error identification and resolution.
Internal audits are done to assess a company’s internal controls, governance, and risk management system to ensure its effectiveness. An excellent internal auditing process needs to possess the following attributes in order to deliver results:
Internal audit processes should have a clear understanding of the company’s strategic direction so it can clearly define the value it wants to deliver to an organization. This can be achieved by staying updated on the business’ goals, objectives, and decisions.
One of the major internal audit functions is to ensure regulatory and legal compliance. Excellent internal auditing invests time in performing dynamic risk assessments to pinpoint critical risk factors that can negatively affect business operations. Risk assessment methods should also be flexible and adapt to business changes to stay effective.
Internal audits should have a clear understanding of interdepartmental relations, and a good grasp of employee capability. This is achieved through one-on-one feedback sessions, surveys, and interviews. In doing so, managers and supervisors can work to provide additional training and support where necessary. Internal audits with effective communication protocols can help with business alignment efforts and overall risk awareness.
Considering the numerous aspects of a business operation, having only one internal auditing process is impractical and ineffective. An excellent internal audit software can be easily customized to adapt to a variety of needs; streamlining your entire internal audit process for maximum efficiency.
Excellent internal audits should be efficient, and utilizing the right technology can optimize internal audit processes for maximum returns. Good internal audit software can automate what would normally be manual processes such as data storage and organization, as well as internal and external reporting to help companies stay cost-effective.
A good internal audit process is an invaluable asset since it helps businesses achieve and maintain optimal performance for maximum results and zero non-compliance. With iAuditor as your mobile audit software, you can take advantage of a versatile, easy-to-use platform to streamline your internal audits and get more done with less effort and time. Try iAuditor for free today.
Create unlimited smart forms and convert your existing paper checklists to digital forms.
Complete inspections from anywhere, at any time with the iAuditor mobile app.
Detailed inspection reports and insights help problems get solved quicker.
Turn your data into actionable insights.
Connect iAuditor to business software systems such as Tableau, Sharepoint, and more.
Complete inspections from anywhere, at any time with the iAuditor building maintenance software.