AuditBoard vs. CaseWare IDEA

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AuditBoard
Score 8.7 out of 10
N/A
AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos.N/A
CaseWare IDEA
Score 7.9 out of 10
N/A
CaseWare in Ontario offers IDEA, a data analysis and data extraction tool supporting audit processes. The vendor states IDEA integrates with various solutions to make obtaining and exporting data easy, such as SAP solutions, accounting packages, CRM systems and other enterprise solutions for a single version of the truth.N/A
Pricing
AuditBoardCaseWare IDEA
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AuditBoardCaseWare IDEA
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Best Alternatives
AuditBoardCaseWare IDEA
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Qualys TruRisk Platform
Qualys TruRisk Platform
Score 8.3 out of 10
FloQast
FloQast
Score 9.3 out of 10
Enterprises
Qualys TruRisk Platform
Qualys TruRisk Platform
Score 8.3 out of 10
FloQast
FloQast
Score 9.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AuditBoardCaseWare IDEA
Likelihood to Recommend
8.1
(10 ratings)
8.3
(2 ratings)
Support Rating
-
(0 ratings)
9.0
(1 ratings)
User Testimonials
AuditBoardCaseWare IDEA
Likelihood to Recommend
AuditBoard
Auditboard is especially useful for SOX control testing. It is very convenient having all our information on a single platform. It is easy to communicate PBC requests to clients, store control testing working papers for review, communicate deficiencies and build dashboards to provide visual statistics. Situations where it might not be useful are for organizations that are smaller in size where the templates don't fit well with their internal audit/controls program. There is a significant amount of testing required before using the platform, and adapting working papers to fit in well with AuditBoard
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CaseWare International
One example of specific scenario in [CaseWare] IDEA is the ability to run samples separately and then based off of the results, compare and contrast the values recorded and easily discern if there are any variables or discrepancies within the data itself. Also, we can test journal entries with certain parameters to check the audit for any issues that may arise pertaining to the criteria. By testing, we are able to make sure the data is accurate and sufficient.
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Pros
AuditBoard
  • AuditBoard allows real-time collaboration between control and business owners and auditors.
  • AuditBoard has a lot of fantastic training sessions and office hours to help users make the most of the product.
  • AuditBoard has great customer service personnel to answer questions and troubleshoot any issues.
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CaseWare International
  • Easy to understand and easy to use.
  • Can use on large quantities of data and quickly analyze them.
  • Uses logic that can be followed if one is an auditor. I, for example, could understand the logic in a number of samples, i.e how the number of samples thrown changes when risk changes from low to moderate in proportion taking in consideration the materiality.
  • Other audit firms are using 2 software for the process that IDEA alone can do. So IDEA has a definite advantage here.
  • Customizable by the company.
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Cons
AuditBoard
  • We used to perform our Risk Control Analysis (RCA) for each audit's planning in an Excel spreadsheet. Once we purchased the Risk Oversight module, AuditBoard helped us convert the RCA to a system function rather than a spreadsheet. At first, we lost some of the functionality the spreadsheet provided, but AuditBoard did continue to help us build and work towards a solution more similar to what we previously had. Though happy with it, it's still not perfect. As one example, I'd like to be able to link actual Ops Audit work steps that cover the risk and controls being outlined in the RCA, rather than just adding a comment to state which steps cover them. More of a preference, I suppose.
  • I also had demoed their beta Resources and Scheduling module, but it didn't have enough functionality at the time to work for how we put the quarterly Internal Audit schedule together (using Excel). One thing I recall was that you couldn't pull in SOX controls or non-chargeable work (such as education or administration) to auditor's schedules; it was meant to schedule the Ops Audits only. It is possible they have already fixed or improved this; I just haven't seen the updated version.
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CaseWare International
  • Bit of a learning curve for the advanced features as a beginner.
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Support Rating
AuditBoard
No answers on this topic
CaseWare International
I would rate it a 9 because I never really needed support on this but if I did, there was the necessary support given promptly.
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Alternatives Considered
AuditBoard
I remember there were a lot of sync issues when I used the internally developed software, but that's probably because a few people were working on the same project at the same time. I have not come across this issue in AuditBoard
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CaseWare International
I have used Microstart and would definitely vote for IDEA because IDEA combines what Microstart does with the help of one/more softwares. Where Microstart just gives a number of samples, IDEA selects the number of samples based on materiality, risk, and other factors. It selects those samples from the population leaving out line items that are invalid/ zero. I would prefer using IDEA any day.
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Return on Investment
AuditBoard
  • Hard to quantify. It was cheaper than the tool we had and we were able to get rid of standalone tool for surveys. overall, just better user experience for all.
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CaseWare International
  • We were able to save time by over 200 billable hours over our last busy season cycle
  • We saved roughly 12% on costs compared to the last program we used.
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