General Audit Software

Tailored for the Australian Audit Industry

A cloud-based solution tailored for the Australian accountancy market, offering all-inclusive content for general and trust audits specifically aligned with Australian standards.

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What Australian Firms Look for in General Audit Software

When choosing general audit software, Australian firms often consider factors like compliance with local regulations (such as Australian Accounting Standards or ATO requirements), integration capabilities with common accounting software like Xero or MYOB, and the specific needs of the firm.

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Why choose MyWorkpapers General Audit Software?

MyWorkpapers General Audit Software helps Australian audit firms work faster, smarter, and with confidence. From fully compliant workpapers to powerful integrations and flexible workflows, it provides everything firms need to manage audits efficiently while maintaining accuracy and compliance.

Key Benefits:

MyWorkpapers provides fully compliant workpapers and checklists aligned with Australian Auditing Standards. Each template is designed to support consistency, accuracy, and audit quality across engagements. Built-in guidance helps teams follow best-practice audit procedures with confidence. Regular updates ensure your firm stays aligned with evolving regulatory requirements. This reduces compliance risk while improving audit efficiency.

MyWorkpapers integrates seamlessly with major business and accounting software packages. Trial balance data is imported directly, eliminating manual data entry and reducing the risk of errors. Automated data syncing keeps financial information accurate and up to date throughout the audit. This allows audit teams to focus on analysis rather than reconciliation. Integration also speeds up planning and completion of audits.

A comprehensive suite of built-in calculators makes audit analysis faster and more reliable. Common audit calculations are automated to ensure accuracy and consistency across workpapers. This reduces reliance on spreadsheets and manual formulas. Teams can quickly assess balances, variances, and materiality with confidence. The result is more efficient audits with fewer calculation errors.

MyWorkpapers offers fully customisable templates to match your firm’s audit methodology and workflows. Templates can be adapted to suit different engagement types and client requirements. This flexibility ensures your team works in a familiar and consistent environment. Customisation also improves efficiency by removing unnecessary steps. Firms can standardise processes without sacrificing flexibility.

Unlimited user pricing allows your entire audit team to collaborate without additional cost. Multiple team members can work on large audits simultaneously, improving turnaround times. Role-based access ensures accountability and proper review processes. Real-time collaboration supports smoother communication and faster sign-offs. This makes MyWorkpapers ideal for growing firms and complex engagements.

MyWorkpapers General Audit Software:
How does it work?

MyWorkpapers General Audit Software simplifies audits by automating trial balance imports and guiding teams through compliant audit programs and workpapers. Built-in validation, calculators, and review workflows ensure accuracy, consistency, and efficient sign-off in a secure cloud-based environment.

  • Import trial balance data directly from integrated accounting software
  • Plan and perform audits using standardised, compliant workpapers and checklists
  • Use automated calculations and validations to support audit judgments
  • Collaborate, review, and sign off within a secure cloud environment
Frequently Asked Questions

MyWorkpapers provides a cloud-based platform specifically designed to streamline the general audit workflow while ensuring compliance with local standards such as ASAE and ASA.

MyWorkpapers partners with industry-leading professional resource providers to ensure templates are automatically updated to reflect the latest ATO and ASIC requirements.

  • Automatic Updates: Templates are updated promptly after regulatory announcements, meaning firms do not need to manually monitor government portals for changes.
  • Audit (Aus) 2.0: The platform recently transitioned to Audit (Aus) 2.0, requiring firms to move from legacy templates to ensure continued alignment with the latest Australian reporting standards.
  • Compliance Checks: Built-in automated reviews flag inconsistencies or missing documentation before a file is finalized, reducing the risk of regulatory scrutiny.

The software focuses on eliminating manual data entry through deep integrations with popular Australian accounting tools.

  • Xero API Integration: Users can pull live transactional data, including general ledger details, invoice/payment info, and fixed asset data directly from Xero into audit workpapers.
  • Automated Workpapers: Specific workpapers like the Trade Debtors Ageing Report and Fixed Asset Register are system-generated, highlighting discrepancies and overdue items automatically.
  • Journal Post-Back: Auditors can send journal entries directly back to the client’s accounting software through the integration, ensuring the client’s books match the audited figures.

The platform is built to support both in-office and remote teams, providing a “single source of truth” for the entire engagement.

  • Real-Time Dashboards: Managers and partners gain visibility into work-in-progress (WIP), allowing them to assign, monitor, and review tasks across various team members simultaneously.
  • Microsoft 365 Integration: Through Excel Connect, teams can use familiar Excel spreadsheets within the secure cloud environment, ensuring that all edits are tracked and version-controlled.
  • Role-Based Access: Audit files feature clear sign-off hierarchies, allowing for frictionless communication and defined accountability throughout the review cycle.

The Client Portal is a core feature aimed at reducing the administrative burden of “chasing” audit evidence.

  • Secure Document Exchange: Auditors can request specific documents directly through the portal, which clients can then upload securely.
  • Automatic Linking: Uploaded documents are automatically attached to the relevant section of the audit file, eliminating the need to manually sort through email attachments.
MyWorkpapers isn’t just software; it’s your partner in achieving peak efficiency, unwavering compliance, and sustainable growth.

Ready to transform your practice? Let’s discuss how MyWorkpapers can solve your biggest workflow challenges.

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