Audit management, end to end
Plan, execute, and close internal and external audits in one workspace, with workpapers, findings, CAPA, and reporting aligned to IIA, ISO, SOC, and regulator expectations.
- Audit universe coverage and risk ratings
- Active engagements with status and milestones
- Open findings with severity and aging
The audit management challenge
Audit teams juggle dozens of engagements, scattered workpapers, ad-hoc evidence, and tight deadlines while stakeholders demand more strategic insight, not just compliance ticks.
- Manual compliance: audit fieldwork still driven by emails and folders
- Spreadsheet dependency: workpapers and findings in Excel
- Audit fatigue: teams burnt out by overlapping engagements
- Evidence gaps: auditors chasing screenshots and approvals
- Fragmented risk visibility: audit plans disconnected from live risk
- Poor board reporting: audit results hard to roll up for the committee
- Vendor risk blind spots: third-party audits run outside the program
One workspace for every audit
Waaqi gives internal and external audit teams a structured, evidence-backed workspace from planning to closure.
Risk-based planning
Build the audit universe and annual plan from your live risk register.
Structured fieldwork
Workpapers, sampling, and testing with full traceability and review notes.
Auditor collaboration
Bring external auditors into a scoped workspace for evidence and Q&A.
What you get inside Waaqi
Every module works from one control library, one evidence store, and one risk register.
Audit Universe
Manage the audit universe with risk-based scoring and coverage tracking.
Audit Lifecycle
Planning, scoping, fieldwork, findings, CAPA, follow-up, and closure.
Workpapers
Structured workpapers with version control, reviewer notes, and approvals.
Sampling & Testing
Statistical and judgmental sampling with audit trails.
Findings & CAPA
Track findings, root causes, and corrective and preventive actions to closure.
Audit Analytics
Coverage, cycle time, finding trends, and root cause analytics.
Auditor Workspace
Scoped read-only portal for external auditors to consume evidence.
IIA-Aligned QA
Quality assurance reviews, KPIs, and continuous improvement.
From control definition to audit-ready evidence
Each step is owned, dated, and traceable, so nothing depends on a spreadsheet or a single person.
- Step 1
Plan
Risk-rank the audit universe and build the annual plan.
- Step 2
Scope
Define scope, objectives, controls, and sampling per engagement.
- Step 3
Execute
Run fieldwork with workpapers, evidence, and reviewer sign-offs.
- Step 4
Close
Report findings, drive CAPA to closure, and feed insights back to risk.
Internal audit, externally credible
Whether reporting to the audit committee or coordinating with external auditors, deliver structured, defensible audit outputs.
- Engagement reports with workpaper links
- Sampling methodology and selection logs
- Findings register with root cause and CAPA
- External auditor portal with scoped evidence
- Quality assurance and IIA conformance reports
Board level answers without a fire drill
Boards, CISOs, and risk committees get the same numbers the compliance team works from.
Strategic audit
Free auditors from admin to deliver insight, not just findings.
Lower external audit cost
Cut external audit fieldwork by handing auditors structured evidence on day one.
Trust with the audit committee
Consistent, transparent reporting builds credibility at the top.
Questions we get asked
Does Waaqi support internal and external audits?
Yes. Waaqi covers internal audit planning and execution as well as external audit engagement with QSAs, CPAs, certification bodies, and regulators.
Can Waaqi handle the full audit lifecycle?
Yes. Planning, scoping, fieldwork, findings, CAPA, follow-up, and reporting are all managed in one workspace.
Does Waaqi support IIA-aligned internal audit?
Yes. Waaqi aligns to IIA standards with risk-based audit planning, workpapers, sampling, and quality assurance.
Can external auditors access Waaqi directly?
Yes. An auditor workspace gives external auditors scoped, read-only access to evidence and trails.
Run every audit in one workspace
See how Waaqi unifies internal and external audit end to end.