Auditing is a related but separate discipline of accountancy. Auditing is the process in which an independent auditor examines the financial transactions of the organization. He/she also scrutinizes the accounting reports in order to form an opinion. The opinion of the auditor is generally a reasonable one but not absolute assurance about the truthfulness and  fairness of the statements.

Bigger organizations and public-listed companies must have their financial statements independently audited by a auditor although the rules may vary between different jurisdictions. An auditor does not certify financial statements. What it does is that it examines the financial transactions and records of a company and makes his opinion. 

An audit accounting software is generally deals with the following main functions-

• The first thing it does is to track and record audits.
• After that it plans, schedules and implements corrective measures.
• It also implements observational and checklist audits.
• It submits the reports electronically.
• To avoid citations and simplify record keeping , it must identify audit type for accurate reporting.

One such audit accounting software is the 'ESS Compliance audit management software'. It greatly simplify the regular audit process. It includes some effective and efficient measures for audit management. Some of them are distinguishing and identifying voluntary and ISO audits, records the detail related to each citation, records costs and generates internal purchase orders, track events such as security breaches etc.

A hot debate is going on about how much an auditor is liable to. Since audit reports have an important value for stakeholders, for the organization as a whole, there is legal angle to that. An auditor has to attest that the financial statements do not contain an untrue statement or material fact or omit a fact important. In the light of these controversies, the advent and use of the audit management software make it possible for the auditor to audit without any hassles.