Audit Interact vs AuditFile

Audit Interact is a paid, cloud-based audit management system for auditors and audit department leaders handling external audits. Its workflow spans planning, execution, evidence gathering, review, compliance, completion and risk management. Teams can use customizable working papers, standard audit-cycle templates, financial ratios, audit assertions and issue management. Evidence is captured in real time, attached in common file types and stored as electronic audit files in the cloud for remote review. Configurable reports support scheduling and delivery, financial statement preparation, and report drafting in English and Arabic. Dashboards show audit status and milestones, while assignment tracking, project and resource scheduling and capacity planning provide work visibility. Users can configure fields, workflows, reports, working views, groups and assignments. The standalone platform is accessed through browsers and internet-enabled devices. The maker says files are behind a secured firewall, data is encrypted and compressed automatically, and databases receive daily backups with one week of retention. Integrations can be tailored, extended and added, but no specific integration is named.

AuditFile is a cloud platform for audits, reviews, and compilations, combining methodology, risk assessment, trial balance, workpapers, reporting, and AI. It includes industry-specific audit programs and planning documents, and firms can load custom programs. Trial balance imports are listed for QuickBooks Online, Xero, and NetSuite, alongside Microsoft Office 365 integration and Excel and Word add-ins. The product overview lists real-time dashboards and notifications, firm analytics, target tracking, and one-click financial statement generation. AuditFile says data is encrypted at rest and in transit, backups run nightly, and data is replicated across at least three AWS data centers. It reports a SOC 2 Type II examination and says it complies with GDPR and NIST 800-53 Revision 5. Authentication options include multifactor authentication, SSO, SAML, Active Directory, and LDAP. The Professional plan costs $179 a month per user with a one-year agreement, billed monthly; Pro Plus costs $249 a month per user on the same term. A 14-day trial is available.