A buyer's guide to audit analytics software

A buyer’s guide to audit analytics software

If you and your audit team feel like you’re busier than ever and constantly scrambling just to keep up, you’re not alone. In our 2023 What Directors Think survey, a full two-thirds of respondents told us that the areas of risk they oversee have dramatically expanded, and over a third said that the audit committee’s role now rivals that of the full board in terms of complexity and scope.

It’s a perfect storm that feels like a tornado. You’ve got more risks on your plate to oversee than ever before — from cyber to AI to ESG — and all of this data lives across different systems. As regulations, scrutiny and consequences intensify, your board is looking to you to track the organization’s financial, and IT controls and also provide overall insight into risk. Meanwhile, your budget, resources and hours in the day remain the same.

You’re an audit professional, not a magician. So what do you do? Technology just might be your magic wand. In particular, analytics and control monitoring software has emerged to automate manual processes and deliver data in real time.

This guide is your roadmap for an informed shopping experience and successful purchase. Read on for the questions you should ask about key features, including:

• Continuous monitoring
• Pre-built, automated tasks
• Easy integration
• Data visualizations and dashboards
• Automated detection and prevention
• Procedure logging

Download this free buyer’s guide today.