Best Internal Auditing in 2025

ACL Robotics stands out as a leading automation solution tailored for internal audit and compliance processes. It leverages robotic process automation (RPA) to automate repetitive tasks such as data extraction, analysis, and reporting, significantly reducing manual effort and enhancing efficiency. The platform's advanced analytics capabilities and integration with various data sources allow auditors to identify risks and anomalies more effectively. It excels in automating tests and processes, providing robust fraud detection and prevention capabilities. The system is particularly well-suited for large enterprises with complex IT landscapes, and those looking to enhance their automation efforts. Its scalability and comprehensive suite of features ensure it meets the needs of dynamic auditing environments. ACL Robotics' strengths lie in automation, analytics, and risk management. Its key features are aligned with the selection criteria; it offers robust functionality, is scalable for different enterprise sizes, and offers strong reporting of audit results.

AuditBoard is a cloud-based audit management platform designed to streamline and transform internal audit processes. Its user-friendly interface and comprehensive feature set make it a powerful solution for organizations of all sizes. AuditBoard offers robust modules for planning, fieldwork, issue tracking, reporting, and analytics. It helps in establishing a strong compliance management system. The platform promotes team collaboration and communication, improving the efficiency and effectiveness of audit engagements. AuditBoard is a leader because of its wide range of features that easily incorporate a team-based approach in performing and reporting audits. It excels in reporting capabilities. The application is user-friendly and is accessible to teams of different sizes. It has strong adherence to regulatory updates, providing a high level of support for organizations in diverse industries.

Microsoft SharePoint is a versatile and widely adopted platform that can be leveraged as a cost-effective internal audit solution. It provides tools for document management, collaboration, and workflow automation, enabling organizations to streamline various audit processes. While not specialized audit software, SharePoint’s flexibility allows it to be configured to meet specific internal audit requirements. It is most effective when organizations want to leverage existing infrastructure or want a flexible solution. The platform integrates well with other Microsoft products, offering a seamless user experience. SharePoint is a strong choice for organizations that prioritize cost-effectiveness and integration with existing systems. It is a general-purpose solution, which makes it adaptable across various business sizes but also makes it less specialized.

Wolters Kluwer TeamMate is a widely-used audit management software suite designed to streamline the entire audit process, from risk assessment to reporting. TeamMate’s strength lies in its comprehensive features including detailed risk assessment functionality, audit planning tools, and sophisticated reporting and analytics resources. It handles and manages audit-related document information, including creating, maintaining, and auditing. The system enhances collaboration and communication among audit teams, simplifying reviews and approvals. The solution streamlines audit planning, execution, and issue tracking by providing a centralized dashboard, as well as allowing teams to manage the entire audit cycle from beginning to end. This is suitable for mid-to-large-sized organizations. The product provides excellent features, but it is also designed to ensure regulatory compliance.

Spreadsheets, such as Microsoft Excel or Google Sheets, provide a fundamental and accessible way to manage internal audit activities. They offer flexibility for manual data entry, analysis, and basic tracking of issues. Using spreadsheets allows organizations to create custom audit templates and documents. Spreadsheets are particularly useful for organizations where comprehensive audit software is not appropriate and organizations value flexibility and simplicity. This approach requires significant manual effort. This offers basic functionality for audit planning and reporting. The approach works well, but manual processes may be prone to errors and lack the advanced features provided by purpose-built software. Organizations benefit most with this option when looking for an approach that does not break the budget but also fulfills basic requirements.