What is AuditFile?
AuditFile is a secure, cloud-based platform designed specifically for CPAs and accounting professionals to streamline audit, review, compilation, and tax service workflows. The platform integrates methodology, risk assessment, trial balance functionality, workpapers, and reporting into one seamless system, eliminating the need for separate software installations or server maintenance.
The platform features Advantage Audit programs that provide industry-specific audit guidance and compliance with professional standards. With real-time collaboration tools, unlimited client and engagement creation, and integration with major accounting software like QuickBooks Online and Xero, AuditFile offers a comprehensive solution for modern accounting practices. The system includes bank-level security, customizable procedure templates, and advanced workflow tracking to enhance productivity and accuracy in financial statement work.
Features
- Advantage Audit Programs: Industry-specific audit programs and planning documents built into the platform
- Cloud-Based Trial Balance: Patented technology for entirely cloud-based trial balance functionality
- Real-time Collaboration: AuditFile Collaborate LIVE enables simultaneous work on engagements
- Security Features: Bank-level security with MFA, biometric authentication, and passkey support
- Integration Capabilities: Direct links to Xero and QuickBooks Online, plus Microsoft Office 365 integration
- Customizable Templates: Ability to load and maintain custom engagement procedure templates
- Unlimited Storage: No limits on clients or engagements with scalable cloud storage options
- Quality Control Tools: QualityLink for SQMS and ISQM compliance, plus internal control evaluation
Use Cases
- Conducting financial statement audits for various industries
- Performing review and compilation engagements for small businesses
- Managing internal audit programs for government agencies
- Streamlining tax service workflows alongside attest work
- Collaborating on audit engagements with team members in real-time
- Maintaining quality control and compliance with professional standards
- Integrating audit work with existing accounting software systems
- Customizing audit procedures for specific firm requirements
FAQs
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What types of authentication methods does AuditFile support?
AuditFile supports multiple authentication methods including MFA with Google Authenticator, Microsoft Authenticator, and Authy, plus biometric authentication with Yubico YubiKey and passkey authentication using WebAuthn, U2F, and FIDO2 standards. -
Can AuditFile be used for internal audit programs?
Yes, AuditFile can be tailored for internal audit programs and is suitable for government agencies and organizations needing custom internal audit solutions. -
What happens to my data if I decide to leave AuditFile?
AuditFile follows an 'easy in, easy out' policy and can export any and all data that users have created or uploaded to the platform. -
What training and support options are available?
AuditFile provides 60 days of hand-in-hand support, personal instruction sessions free of charge, and availability 7 days a week via phone and email to help users learn best practices. -
Are there consulting services available for firms using AuditFile?
Yes, AuditFile offers comprehensive consulting services tailored to specific firm needs, including support for internal inspections, peer review, and quality control programs.
