Internal audit software is a specialised set of tools that help internal auditors manage and document the processes within their firm. An internal audit software should contain the following objects: Process, objectives, risks, controls and tests.
The aim of an internal audit software is to reduce the documentation troubles that internal audit departments face. The final task of an audit is to issue an Audit Report. This report contains all the information regarding controls that were tested, failed controls and the findings and recommendations, severity, and many more aspects that an internal auditor has to submit to the management of a firm.