Q: Is audit software worth it for small businesses?

Absolutely. Even simple audit software can automate time-consuming tasks and provide better data control.

Question 1

How does a software audit differ from a financial one?

Accepted Answer

A financial audit checks your legal compliance and accuracy of records and statements. A software audit verifies whether you are legally using software licenses.

Question 2

How often should we conduct an audit?

Accepted Answer

Most businesses audit annually, but if you're scaling quickly or in a high-risk sector, biannual reviews make sense.

Question 3

Is audit software worth it for small businesses?

Accepted Answer

Absolutely. Even simple audit software can automate time-consuming tasks and provide better data control.

Question 4

Who can perform an audit?

Accepted Answer

Audits may be internal (done by your own staff) or external (performed by third-party firms or regulators).

Question 5

What usually triggers a software audit?

Accepted Answer

Vendors may act on red flags like license overuse, anonymous complaints, or random spot checks.