smartaudit.co

What it is

SmartAudit is a cloud-based Workpaper Management Solution for SMPs (small and medium-sized audit practices). It is positioned as an integrated platform for audit workpapers, risk-based audit procedures, and practice management. It emphasizes ISA compliant audit procedure templates and supports a closed-loop workflow from trial balance to financial statements, lead schedules, audit adjustments, and review.

Core features and collaboration

The product centers on paperless electronic audit files, ISA risk-based templates, customizable audit procedures, more than 60 substantive testing formats, and fieldwork checklists. Trial balances can be uploaded via Excel templates; a QuickBooks plugin is also mentioned. Automated mapping helps reduce classification time and generate financial statements and lead schedules. For team collaboration, multiple users can work in the same engagement file. Staff, managers, partners, and peer reviewers have different permission levels: partners can sign off, while reviewers can be given read-only access. The system supports review point management, real-time progress status, audit trails, time entry, and cost reports by client and staff member. However, tasks cannot be assigned at a granular task level; access can only be granted at the work file level.

Pricing, trial, and support

SmartAudit offers a 30-day free trial with no credit card required. The paid subscription is the Professional Plan, displayed with monthly pricing but billed annually. It includes 3 user licenses, with additional users available at a per-user/month rate. There may also be an ISQM Template Fee and an ISCA Content Fee for Singapore users. The crawled page did not show specific prices. SmartAudit states that there are no implementation fees, deposits, or hidden charges. The current Professional Plan includes unlimited storage, but each individual attachment must be no larger than 2GB. Support options include Intercom live chat, a support email address, in-system video training, and one free training session.

Security, deployment, and integrations

SmartAudit is fully cloud-hosted, with no installation or maintenance required. Data is stored in a securely configured MongoDB Atlas environment with at least dual redundancy and daily backups. Customer data and source code are backed up weekly, and backups are tested at least once every 90 days. Attachments are uploaded using AWS S3. Its security description focuses mainly on basic operational safeguards, and no third-party compliance certifications such as SOC 2 or ISO 27001 were found. Third-party integration information is limited, with the QuickBooks plugin being the main integration explicitly mentioned.

Pros, cons, and who it is for

SmartAudit’s strengths are its close fit with audit-industry workflows, covering workpapers, reviews, report drafting, time tracking, and client cost analysis. It is suitable for small and medium-sized audit firms looking to replace Excel files and paper-based workpapers. Its drawbacks include opaque public pricing, a minimum one-year subscription, limited task-level project management capabilities, and no disclosed API or developer support. For access from China, the source text provides no information on network nodes, ICP filing, payment methods, or localization, so availability should be considered unknown. If domestic network performance or compliance requirements are important, it may be worth comparing SmartAudit with CaseWare, CCH Audit Automation, AuditFile, Inflo, or local audit workpaper systems.