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Industry solution

ERP for audit firms : risk, plan, hours and profitability.

Client acceptance and continuance assessment, running the audit engagement as a project, tracking auditor hours and engagement-level profitability — in one system.

Why

What changes in this sector?

Client acceptance risk in the system

Acceptance and continuance surveys are defined as templates; weighted scoring and red-flag rules produce a risk grade.

Risk locked in the quote

The grade is set on the customer card and the quote consumes it read-only. The era of picking risk per quote is over.

Auditor hours and profitability

The audit engagement is opened as a project; estimated hours at position-based rates are compared with actual hours.

Process

Live in one week.

Discovery call, data migration, permission setup and training — five business days.

1

Discovery call

We listen to your processes and decide which modules to enable.

20 minutes
2

Data migration

Your existing Excel records are migrated into the system.

1–2 days
3

Permissions & flow

Approval chains and policies are configured.

1–2 days
4

Training

Two live training sessions and go-live.

1 day

Choosing an ERP for audit firms

The software needs of independent audit and advisory firms differ from what a standard ERP offers. Client acceptance, independence assessment and the annual continuance decision are governed by the profession's own rule set; software support for these processes is decisive for both quality and auditability.

The client acceptance and continuance process

The assessment done before starting work with a client is acceptance; those repeated in later years are continuance. ERPKolay does not leave this distinction to the user: a client's first assessment opens automatically as acceptance, later ones as a continuance survey. Because each is stored per client-year, past decisions and justifications remain traceable.

Making risk independent of price

Re-picking risk with every quote invites different grades for the same client across different quotes, and grades set to fit the price. In the audit module, risk is set on the customer card and the quote consumes it read-only. A deviation from the suggestion cannot be saved without a written justification.

Running the audit engagement

Once the risk assessment is complete, the audit engagement is opened as a project. Team assignment, weekly time entry, budget and profitability run from there. Because auditor rates are defined per position, the hour estimate in the quote can be compared directly with actual hours.

Frequently asked questions

How is audit firm software different from a normal ERP?

When the audit module is on, a risk tab is added to the customer card, an acceptance survey to the customer-creation flow, and a locked risk card to the quote. These surfaces appear only in firms with the audit module enabled.

How is ISQM 1 compliance supported?

By keeping client acceptance and continuance independent of and prior to the quote, attaching evidence files to questions, and requiring a justification for any deviation from the suggested grade.

How does the audit team enter hours?

Audit engagements are opened as projects; the team enters hours from a weekly timesheet, the week is closed and approved, and approved hours are included in the cost calculation.

Can multiple audit periods be tracked?

Yes. Assessments are stored per client-year; each year's acceptance/continuance record appears dated in the history.

See it with your own data.

We prepare a live demo with sample data from your sector.

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