There are many benefits of using audit issue management software. There are 4 primary benefits audit managers can expect when using software for audit issue management vs. spreadsheets for audit issue tracking.
1. Save Time
With audit issue management software, such as AuditFindings.com, audit department personnel can assign issues to the end-user responsible for corrective action. At this point, the end-user can update the status of corrective action on the audit issue without the direct involvement of the audit personnel.
2. Easy Access to Information
With a database-driven system for audit issue management, an audit department can get access to specific information via filters and reports. With a spreadsheet, it is difficult to filter for specific information such as all high-priority issues, open issues by department, or past-due issues.
4. Version Control
People often create multiple copies of the audit issue tracking document with spreadsheets. The copy may then be sent to end-users to get updates on the corrective action related to the audit issue, or for managerial reporting of audit issues. Either way, it can be difficult to maintain all of the different audit issue tracking spreadsheets. With AuditFindings.com, the information will be centralized in a web-based solution. The information can be extracted at any time for managerial reporting. No more need to create multiple spreadsheets!
AuditFindings is a system for managing audit issues.