AuditFile vs Caseware Audit

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.

Caseware Audit is a web and Windows audit workflow covering planning through sign-off. It connects trial balance data with risks, procedures, evidence, notes, issues, and sign-offs in one live file, so team updates appear in real time. PEG-aligned planning uses guided prompts to tailor pre-built content and align objectives, risks, and procedures. Integrated journal-entry analytics identify anomalies and trends for focusing audit testing. AI assistance can summarize client support, extract details, and answer audit questions in context. From mapped accounts, the product can generate draft ASPE and ASNPO statements and export GIFI data to a tax-preparation tool. It supports engagements under International Standards on Auditing and Canadian Auditing Standards. Imports can come from Caseware Working Papers, desktop accounting software, engagement files, Excel or CSV, and structured accounting files. Caseware lists workpaper templates, evidence collection, review workflows, audit reporting, and a client portal. Cloud data uses AES-256 encryption at rest, TLS in transit, multifactor authentication, and role-based access controls. Pricing is available on request.