Technology has emerged as a crucial enabler for success in many industries, as they strive to protect themselves from potential disruptors, gain a competitive advantage and drive sustainable growth in the ever-changing and dynamic marketplace of today.
For the audit industry, audit management software has been an essential tool for firms of all sizes, helping them to streamline their processes, improve productivity and efficiency, and ensure compliance with relevant standards and regulations such as International Standard on Quality Management (ISQM) 1 and International Standard on Auditing (ISA) 315. In this context, ensuring your audit software can be scalable, flexible, and enable a paperless workflow is a critical consideration that can make all the difference in choosing the right software for your needs.
Whether you’re a small practice or medium to large audit firm, selecting the right audit management software is essential to remaining competitive and meeting the needs of your clients.
This Buyer’s Guide aims to help support purchasing decisions as firms consider which audit software is the better fit amongst two popular solutions in Malaysia: CCH ProSystem fx Engagement or AMC Group Audit Express.
Key benefits audit software can deliver:
- Huge time savings through greater efficiencies – translating to improved profitability per engagement
- Improved audit quality, supporting your system of quality management (SOQM) and ISQM1 compliance
- Improved staff engagement and morale