Internal Audit Management Product

Internal audit teams spend too much of their time chasing evidence, formatting workpapers, and reconciling status across spreadsheets. SmartSuite's Audit Management solution gives organizations a unified, end-to-end framework for planning, executing, and managing audits across the enterprise, with the audit lifecycle, workpapers, evidence, and findings all sitting in one connected system.
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Key highlights

• End-to-End Audit Lifecycle Management: Run planning, engagement setup, fieldwork, reporting, and remediation in a single system of record.
• Risk-Based Audit Planning: Define the audit universe, prioritize engagements based on risk exposure, and align audit activities with regulatory and business priorities.
• Standardized Procedures and Workpapers: Drive consistent audit methodology through structured procedures, testing workflows, and centralized workpaper documentation.
• Evidence Collection and Documentation: Maintain a centralized repository for supporting materials with traceability that meets professional audit standards.
• Findings and Remediation Tracking: Track observations, ratings, and remediation through closure with clear ownership and aging visibility.
• Dashboards and Reporting: Monitor audit progress, engagement status, findings, remediation activities, and overall assurance performance in real time.
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How it works

• Organizations define auditable units and develop risk-based audit plans, prioritizing engagements based on risk exposure and regulatory requirements.
• Engagements are scoped with assigned auditors and structured procedures and workpapers to guide testing activities consistently.
• Auditors perform control testing, document results, and collect supporting evidence inside centralized workpapers tied to the engagement.
• Issues and control weaknesses are documented as observations and tracked through remediation workflows from identification through closure.
• Dashboards provide real-time visibility into audit progress, control effectiveness, and remediation status across all open engagements.
• Optional AI features can review workpapers, surface gaps, draft observations, and produce executive summaries, with human oversight retained throughout.
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Internal audit and assurance teams get a connected, defensible system for the full audit cycle, with the consistency, traceability, and trend visibility needed to satisfy boards, audit committees, and external regulators.