AuditFile
UnclaimedSecure, cloud-based audit software streamlining audits, reviews, and compilations for CPAs.
Visit WebsiteTL;DR - AuditFile
- Cloud-based platform for audits, reviews, and compilations.
- Integrates methodology, workpapers, trial balance, and reporting.
- Offers bank-level security, mobile access, and real-time tracking.
Pricing: Paid only
Best for: Enterprises & pros
4.5/5 across review platforms
Pros & Cons
Pros
- Eliminates need for servers and software installation, reducing IT overhead.
- Enhances security with bank-level encryption and robust authentication options.
- Provides real-time visibility into audit status and firm metrics.
- Offers mobile access from any device, increasing flexibility for auditors.
- Includes built-in industry-specific audit programs and customizable templates.
Cons
- Pricing is per-user per-month, which may be costly for very large firms without an annual contract discount.
- Advanced features like AuditFile AI and custom hosting are only available in higher-tier plans.
Ratings Across the Web
4.5(18 reviews)
Ratings aggregated from independent review platforms. Learn more
Key Features
Cloud-based platform with no software installation requiredIntegrated methodology, risk assessment, and workpapersIntelligent Trial Balance with Xero and QBO integrationReal-time audit progress tracking and firm analytics256-bit TLS encryption and multi-factor authenticationMicrosoft Office 365 Integration for live workpaper editingAdvantage Audit industry-specific programs and templatesCRM package tailored for CPAs
Pricing Plans
Free TrialProfessional
$149 per month
- 1 TB Cloud Storage
- Up to 15 Users
- Email and Phone Support
- Secure Client Portal
- AuditFile Collaborate LIVE!
- AuditFile AI (US Patent 10,891,294)
- AuditFile PCR+T
- Customizable Procedure Templates
- Intelligent Trial Balance (with direct link to Xero and QBO)
- Advanced Workflow and Signoff Tracking
- CRM
- Microsoft Office 365 Integration (seamlessly edit, review, and link workpapers)
- Diagnostic and Lock
- Wiley Accounting Test Prep Discounts
- MFA: Google Authenticator, Microsoft Authenticator, Authy, etc.
- Biometric Authentication with Yubico YubiKey
- Passkey Authentication (WebAuthn, U2F, FIDO2)
- QualityLink (SQMS 1 & 2, ISQM 1 & 2)
- Materiality and Risk Practice Aid
- Internal Control Evaluation by Cycle
- Advantage Audit Industry Guides
- Advantage AI Audit Agents
Pro Plus!
$249 per month
- 10 TB Cloud Storage
- Unlimited Users
- Email and Phone Support
- Secure Client Portal
- AuditFile Collaborate LIVE!
- AuditFile AI (US Patent 10,891,294)
- AuditFile PCR+T
- Customizable Procedure Templates
- Intelligent Trial Balance (with direct link to Xero and QBO)
- Advanced Workflow and Signoff Tracking
- CRM
- Microsoft Office 365 Integration (seamlessly edit, review, and link workpapers)
- Diagnostic and Lock
- Wiley Accounting Test Prep Discounts
- MFA: Google Authenticator, Microsoft Authenticator, Authy, etc.
- Biometric Authentication with Yubico YubiKey
- Passkey Authentication (WebAuthn, U2F, FIDO2)
- QualityLink (SQMS 1 & 2, ISQM 1 & 2)
- Materiality and Risk Practice Aid
- Internal Control Evaluation by Cycle
- Advantage Audit Industry Guides
- Advantage AI Audit Agents
Enterprise and Gov
Contact us
- Unlimited Cloud Storage
- Unlimited Users
- Email and Phone Support
- Secure Client Portal
- AuditFile Collaborate LIVE!
- AuditFile AI (US Patent 10,891,294)
- AuditFile PCR+T
- Customizable Procedure Templates
- Intelligent Trial Balance (with direct link to Xero and QBO)
- Advanced Workflow and Signoff Tracking
- CRM
- Microsoft Office 365 Integration (seamlessly edit, review, and link workpapers)
- Diagnostic and Lock
- Wiley Accounting Test Prep Discounts
- MFA: Google Authenticator, Microsoft Authenticator, Authy, etc.
- Biometric Authentication with Yubico YubiKey
- Passkey Authentication (WebAuthn, U2F, FIDO2)
- QualityLink (SQMS 1 & 2, ISQM 1 & 2)
- Materiality and Risk Practice Aid
- Internal Control Evaluation by Cycle
- Advantage Audit Industry Guides
- Advantage AI Audit Agents
- Custom Branding
- Custom Hosting Solutions (including on-premise and AWS GovCloud)
- Active Directory, LDAP, SSO integration
- CAC/PIV authentication (for Federal customers)
What is AuditFile?
AuditFile is a secure, cloud-based platform designed specifically for CPAs to streamline audits, reviews, compilations, and tax services. It integrates methodology, risk assessment, trial balance, workpapers, and reporting into one seamless system, eliminating the need for servers or software installations.
The platform is built to address the real-world challenges faced by accounting firms, offering an intuitive interface, bank-level security, and real-time dashboards for audit status. It supports mobile access from any connected device, ensuring accessibility anytime, anywhere. AuditFile includes industry-specific programs and planning documents, with the ability to load custom programs, and features like an intelligent trial balance tool with integrations to Xero and QuickBooks Online.
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AuditFile FAQ
How does AuditFile ensure compliance with professional auditing standards?
AuditFile includes the latest Advantage Audit programs and planning documents, which are QCM reviewed and based on professional standards. It also features automated planning tools for key areas and a 'Final Lock Diagnostic' to ensure all procedures are addressed before file completion, helping firms maintain compliance.
Can AuditFile be used by internal audit teams or governmental entities?
Yes, AuditFile is designed to be tailored as an internal audit program and can support governmental audit teams. The Enterprise and Gov plan offers custom solutions, including CAC/PIV authentication for federal customers, and custom hosting options like AWS GovCloud.
What specific security measures are in place to protect client data within AuditFile?
AuditFile employs 256-bit Transport Layer Security (TLS) encryption for all transactions, ensuring data privacy. It also offers multi-factor authentication options like Google Authenticator, Microsoft Authenticator, Authy, and biometric authentication with Yubico YubiKey and Passkey Authentication (WebAuthn, U2F, FIDO2). All data is hosted on the industry-leading Amazon Web Services platform with complete nightly backups.
How does the Intelligent Trial Balance feature integrate with existing accounting systems?
The Intelligent Trial Balance tool is entirely cloud-based and allows for direct linking to Xero and QuickBooks Online. This integration streamlines the upload process and enhances data accuracy by connecting directly with these accounting platforms.
What is the purpose of AuditFile AI and how does it assist auditors?
AuditFile AI, available in the Pro Plus plan, leverages artificial intelligence to assist auditors. While specific functionalities are not detailed, its inclusion suggests advanced capabilities for analysis, automation, or insights within the audit process, holding a US Patent (10,891,294) for its technology.
If my firm needs to transition away from AuditFile, how is data handled?
AuditFile supports an 'easy in, easy out' approach. If a firm decides to leave the platform, all data created or uploaded can be exported, ensuring that firms retain full access and control over their information.
Source: auditfile.com