Audit Interact vs Inflo

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.

Inflo is a data-driven digital audit platform for accounting and audit firms, covering the audit lifecycle through web-based workflows. Working Papers centralizes engagement management, documentation, digital methodology, and content management. Audit Data Analytics supports risk assessment and audit testing and is described as connecting to any client system for data extraction. Digital Collaboration organizes client communications, requests, and documents with real-time status tracking. Quality Management supplies frameworks, automated workflows, and monitoring for audit-quality processes. InfloLink connects engagement and trial-balance information with Microsoft Word and Excel documents. Single sign-on and API integrations are supported. Inflo says the platform runs on Microsoft Azure and uses 256-bit encryption for data in transit and at rest. It states ISO/IEC 27001:2022 accreditation and a SOC 2 Type II audit report. Users have unique credentials, optional two-factor or multifactor authentication, and engagement access controls. Its AI is assistive, with auditors retaining oversight of evidence evaluation and conclusions. Licensing varies by modules, clients, or engagements.