Finance teams rely on financial audit software to plan audits, collect evidence, test controls, and respond efficiently to internal and external audit requests. As audit scope expands across entities, systems, and workflows, manual processes quickly become a source of risk, rework, and delay.
At decision stage, the challenge is not finding a tool, but finding one that fits your operating model. CFOs and finance leaders need confidence that controls are defensible, evidence is consistent, and exceptions surface early enough to act.
Financial audit software comparison
| Software | Best for | Key strengths | Limitations | APIs & integrations | Pricing model |
|---|
| Eftsure | AP and treasury teams strengthening bank detail controls | Reduces payment fraud risk with auditable verification workflows | Not a full audit management suite | ERP and bank integrations, with API access for automated verification workflows | Request pricing |
| AuditBoard | Internal audit and SOX programs | Mature audit workflows | Heavier implementation | Integrations available | Subscription (quote-based) |
| Workiva | Regulated reporting | Strong traceability | Broader scope | Integrations available | Subscription (quote-based) |
| Diligent HighBond | Risk-led audit teams | Risk alignment | Governance overhead | Integrations available | Subscription (quote-based) |
| TeamMate+ | Structured audits | Methodology support | Less flexible UI | Integrations available | Subscription (quote-based) |
| CaseWare | External audit support | Workpaper management | Audit-firm focus | Integrations available | Subscription (quote-based) |
| MindBridge | Audit analytics | Anomaly detection | Not end-to-end | Data ingestion | Subscription (quote-based) |
| BlackLine | Close controls | Strong reconciliations | Limited audit planning | ERP integrations | Subscription (quote-based) |
| FloQast | Mid-market close | Fast documentation | Depth varies | ERP integrations | Subscription (quote-based) |
| Trintech Cadency | Enterprise controls | Standardisation | Complex rollout | Integrations available | Subscription (quote-based) |
What is financial audit software?
Financial audit software helps finance and audit teams manage audit planning, control testing, evidence collection, and issue tracking. It plays a critical role in ensuring controls are documented, approvals are traceable, and audit requests can be met efficiently.
For Australian finance teams, the value lies in consistency across entities and defensible audit trails that reduce reliance on manual spreadsheets and email approvals.
The top 10 financial audit software options
1. Eftsure: Financial audit software for AP and treasury controls
Eftsure supports audit readiness by strengthening controls around vendor bank details. It helps AP and treasury teams reduce payment fraud risk while maintaining clear verification evidence.
Best for: Australian organisations needing audit-ready controls over vendor bank detail changes.
2. AuditBoard: Financial audit software for internal audit programs
AuditBoard supports structured internal audit planning and testing.
Best for: Internal audit teams.
3. Workiva: Financial audit software for regulated reporting
Workiva supports collaborative reporting and audit traceability.
Best for: Regulated finance environments.
4. Diligent HighBond: Financial audit software aligned to risk
Diligent HighBond links audit activity with risk frameworks.
Best for: Risk-led audit teams.
5. TeamMate+: Financial audit software for structured audits
TeamMate+ supports audit execution methodologies.
Best for: Methodology-driven audit teams.
6. CaseWare: Financial audit software for external audit support
CaseWare supports audit workpapers.
Best for: External audit alignment.
7. MindBridge: Financial audit software for analytics
MindBridge supports transaction analytics.
Best for: Risk-focused testing.
8. BlackLine: Financial audit software for close controls
BlackLine supports reconciliations.
Best for: Close governance.
9. FloQast: Financial audit software for mid-market close
FloQast supports close documentation.
Best for: Mid-market teams.
10. Trintech Cadency: Financial audit software for enterprise controls
Trintech Cadency supports enterprise finance controls.
Best for: Large organisations.
Reducing audit risk in vendor payment workflows
For Australian organisations, vendor bank detail changes remain a common audit and fraud risk area. Strengthening verification workflows can reduce findings and payment exposure.
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