Audit automation
Audit automation: Digital tools that streamline audit processes, from data collection through reporting, while ensuring compliance and accuracy.
Sarah Dotson
What is audit automation?
Audit automation is the use of technology to streamline and standardize audit processes, from data collection through analysis and reporting. This technology reduces manual effort in audit procedures while improving accuracy, consistency, and documentation of audit trails.
Key automation capabilities
Modern audit automation platforms provide essential functionality:
• Automated sampling and testing
• Risk assessment tools
• Document management
• Workflow tracking
• Exception handling
Core benefits
Enhanced accuracy
Automated audit processes eliminate common manual errors while ensuring consistent methodology across all audit procedures. This standardization improves the reliability of audit findings and reduces the risk of oversight.
Improved efficiency
By automating routine tasks, auditors can focus on complex analysis and professional judgment areas that require human expertise. This shift typically results in significant time savings and improved audit quality.
Implementation components
Successful audit automation requires careful integration of several elements:
• Process standardization
• Control documentation
• Testing procedures
• Evidence collection
• Report generation
Best practices for success
Organizations implementing audit automation should focus on:
Technology integration
The automation platform must integrate seamlessly with existing systems while maintaining data security and integrity throughout the audit process.
Staff training
Comprehensive training ensures team members can effectively utilize automation tools while maintaining professional skepticism and judgment in their audit work.
Audit automation represents a significant evolution in audit methodology, enabling more efficient, accurate, and comprehensive audit procedures while maintaining professional standards and regulatory compliance.
Automate the work you thought would always be manual.
Request a demo of Parabola's AI-powered workflow builder.
Request a demoParabola FAQ
What is Parabola?
Parabola is an AI-powered workflow builder that makes it easy to organize and transform messy data from anywhere—even PDFs, emails, and spreadsheets—so your team can finally tackle the projects that used to feel impossible.
What does Parabola help with?
With Parabola, you can automate any process across spreadsheets, emails, PDFs, & siloed systems. Whether it’s reconciling data across systems or generating the same report every week, Parabola gives teams the power to automate it—all without IT support.
What does Parabola integrate with?
Parabola integrates with virtually any system. In addition to 50+ native integrations like NetSuite & Shopify, Parabola offers an API & the ability to integrate via email. Connect to thousands of tools—and work with unstructured data like emails and PDFs.
What are common Parabola use cases?
The best Parabola use cases are recurring processes that involve complex logic and messy data coming from multiple data sources. In practice, this could look like auditing invoice PDFs, generating recurring reports, or alerting the team of discrepancies.
Who are some of Parabola’s customers?
Teams at Brooklinen, On Running, Flexport, Vuori, and hundreds more use Parabola to automate the work they thought would always be manual. Explore more on our customer stories page.
How do I get started with Parabola?
The best way to get started is to sign up for a free account at parabola.io/signup. Our customers range from individuals to massive enterprises—so whether you'd like to start self-serve or with a guided product tour from an expert, we'll help you find the right package for your team.