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SPECIFICTION
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Ideagen Internal Audit

ideagen.com

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Spec score 7.2 #18 of 32 in Audit Management Software

What it is

Ideagen Internal Audit is a paid SaaS product for connecting risk-based audit planning, control testing, documentation, and board reporting. It serves internal-audit functions from small teams to enterprises managing audits across countries, with web access and hybrid deployment. The lifecycle covers planning, audit programs, workpapers, evidence, resource management, stakeholder reporting, and enterprise-risk integration. Configurable prompts standardize financial, operational, and compliance audits, while activities can map to SOX, ESG, ISO frameworks, and sector regulations. The product is described as aligned with the IIA Global Internal Audit Standards and supports agile, risk-based methods with audit trails. Control tests can be scheduled, evidence collected, effectiveness tracked, and threshold failures displayed on dashboards. Findings can enter a risk register, trigger policy remediation, and map to regulations. Real-time dashboards, automatic executive summaries, and board presentations support reporting. Ideagen describes a two-way API, enterprise-risk integration, Power BI, and ActiveData for Excel. It reports no audit limits or hidden module fees, offers templates, approval workflows, document control, corrective actions, nonconformance tracking, and compliance records. Pricing is on request; Ideagen offers demos, walkthroughs, and specialist support.

Spec sheet

Purpose
Ideagen Internal Audit connects risk-based planning, control testing and board-ready reporting in one system.Read 3 Oct 2026 · ideagen.com
Intended users
The product page identifies banking and financial services, government, education and industry as audiences for the solution, and says it supports teams from small audit functions to enterprises managing audits across multiple countries.Read 3 Oct 2026 · ideagen.com
Integrations
The maker describes integration with enterprise risk management; it also documents an ActiveData for Excel workflow and Power BI integration for audit reporting and insights.Read 2 Oct 2026 · ideagen.com
Headquarters
Nottinghamshire, United KingdomRead 28 Sep 2026 · ideagen.com
Audit lifecycle
It covers audit planning, program management, workpapers and documentation, control testing, resource management, stakeholder reporting and integration with enterprise risk management.Read 3 Oct 2026 · ideagen.com
Audit limits
The product page says there are no audit limits and no hidden module fees.Read 3 Oct 2026 · ideagen.com
Control testing
Control testing features include scheduled tests, evidence collection, effectiveness tracking and dashboards that flag failures when thresholds are crossed.Read 3 Oct 2026 · ideagen.com
Delivery
Ideagen describes the Internal Audit edition as a SaaS product.Read 3 Oct 2026 · ideagen.com
Evaluation and support
Ideagen offers a personalized demo and says its internal audit specialists can answer questions; the page also offers an interactive product walkthrough.Read 3 Oct 2026 · ideagen.com
Excel integration
Ideagen says users can access ActiveData for Excel when opening or saving Excel files from within Internal Audit and Risk Management.Read 3 Oct 2026 · ideagen.com
Frameworks
The product maps audit activities to multiple standards, including SOX, ESG, ISO frameworks, and sector-specific regulations.Read 2 Oct 2026 · ideagen.com
IIA standards
The product is described as aligned to the IIA’s Global Internal Audit Standards and supports a risk-based, agile audit approach with structured documentation and audit trails.Read 2 Oct 2026 · ideagen.com
Integration
Ideagen describes a native two-way API for exchanging data with other SaaS software and integration with enterprise risk management.Read 3 Oct 2026 · ideagen.com
Methodology
Configurable, step-by-step prompts standardize methodology for financial, operational, and compliance audits.Read 2 Oct 2026 · ideagen.com
Reporting
The product offers real-time dashboards, automatically generated executive summaries and board presentations.Read 3 Oct 2026 · ideagen.com
Risk connection
Audit findings can feed into the risk register, trigger policy remediation, and map to relevant regulations.Read 2 Oct 2026 · ideagen.com
Risk prioritization
The product provides a real-time view of risk to support audit prioritization and help audit and risk teams work from the same picture.Read 3 Oct 2026 · ideagen.com
Security certifications
Ideagen’s information security overview states that the company is certified to ISO 27001.Read 2 Oct 2026 · ideagen.com
Standards
Ideagen says the product aligns with the Global Internal Audit Standards and can map audit activities to multiple standards, including SOX, ESG, ISO frameworks and sector-specific regulations.Read 3 Oct 2026 · ideagen.com
Support and evaluation
Ideagen offers a personalized demo and says internal audit specialists are available to answer questions.Read 2 Oct 2026 · ideagen.com

Strong points and limits

Strong points

  • Covers planning through board-ready reporting
  • Maps activities to SOX, ESG, ISO, and regulations
  • Real-time dashboards and automatic executive summaries
  • Two-way API, Power BI, and Excel integration
  • No audit limits or hidden module fees

Limits

  • Paid product with pricing available on request
  • Web access with hybrid deployment
  • Requires configuration to standardize audit methodologies

Who it suits

It suits internal-audit teams of varied sizes conducting financial, operational, or compliance work. Organizations needing risk connections, standards mapping, evidence controls, and board reporting are the stated audience.

Verdict

Ideagen Internal Audit brings audit management, control testing, risk linkage, and reporting into one SaaS offering. Its broad framework and integration support should be weighed against the need to request pricing and configure methods for your organization.

Where Specifiction places it

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