Now in Public Beta

AI Copilot for Internal Audit & SOX

Automate control testing, documentation, and reporting in minutes.

Built for lean IA teams, startups, and pre-IPO companies.

Your AI-Powered Internal Audit Co-Source

IABuddy handles the heavy lifting of testing and documentation so you can focus on strategy and risk.

Define Risks & Control

Centralize your risk control matrix. Let AI assist in defining control objectives, narratives, testing attributes, PBC requests, and risks. Identify controls not mapped to risks for control rationalization. Utilize the comprehensive audit log for robust version control.

  • RCM Bulk Import & Sync
  • Control Rationalization
  • AI Control Definition
  • Version History
iabuddy.ai

Risk & Control Matrix (RCM)

Input controls to populate control objectives, testing attributes, risks, and assertions.

Search by ID, Name, Owner, or Preparer...

Controls by significance

569total
Key374
Non-Key195

Controls by type

569total
IT Dep. Manual0
Manual31
Automated19
N/A519

Control effectiveness

569total
Effective20
Ineffective3
Not Tested546
ID ↑Control NameFrequencyRiskStatus
TAX-10-CORP

Annual Deferred Income Tax Provisio...

Annually, The VP of FP&A & Tax reviews the re...

AnnualMEDIUMNot Tested
TAX-11-CORP

Income Tax Return-to-Provision Adju...

Review the accuracy of adjustments to tax acco...

AnnualMEDIUMNot Tested
TAX-12-CORP

Uncertain Tax Position (UTP) Identifi...

Changes in inventory of tax positions are ident...

QuarterlyMEDIUMNot Tested

Audit Planning

Map controls to testing phases and manage sample sizes. Define walkthrough, interim, and year-end plans with smart sampling methodology. Seamlessly manage and track control owner attestation.

  • Smart Sampling Methodology
  • Phase Mapping Board
  • Control Owner Attestation
iabuddy.ai

Audit Planning

Map controls to testing phases and manage sample sizes.

FY26 Annual Plan
Sampling Rules
Attestations
FY26 Walkthrough12

REV-01 Revenue Recognition

DailySample: 1

HR-02 Payroll Processing

Bi-WeeklySample: 1

ITGC-05 Access Revocation

AutomatedSample: 1
FY26 Interim45

REV-01 Revenue Recognition

DailySample: 18

HR-02 Payroll Processing

Bi-WeeklySample: 2

ITGC-05 Access Revocation

AutomatedSample: 1
FY26 Year-End8

REV-01 Revenue Recognition

DailySample: 6

HR-02 Payroll Processing

Bi-WeeklySample: 1

ITGC-05 Access Revocation

AutomatedSample: 1

PBC Requests

Streamline evidence collection. Send PBC requests directly to clients, track upload status, and follow up—all in one place.

  • Send & Track Requests
  • Client Upload Portal
  • Overdue Alerts
iabuddy.ai

PBC Requests

Track document requests, evidence uploads, and client communications.

Requests by status

3total
Sent 2
In Review 1

Requests by type

3total
Sample 2
Ad Hoc 1

Overdue requests

3total
On Time 2
Overdue 1
REQUEST NAMEFISCAL YEAR / PHASEDUE DATESTATUSASSIG.

Request for SEC-21-CORP - FY26 - Walkt...

Ad Hoc

FY26 WalkthroughMay 22Sent
H

Sample Request - ELC-31 - FY26 - Walkth...

Sample

FY26 WalkthroughApr 21Sent · Overdue
H

Sample Request - LEAS-07-CORP - FY26 ...

Sample

FY26 Year-EndMay 30In Review
H

Automated AI Testing

Act as the reviewer while AI acts as the tester. AI analyzes evidence against testing attributes and automatically documents testing procedures and conclusions in the testing workpaper.

  • AI Tester & Human Reviewer
  • Automated Workpapers
  • Evidence Analysis
iabuddy.ai

Automated Testing

AI analyzes evidence against testing attributes and documents testing procedures and conclusions.

LINKED TO LIBRARY

Control Definition

FSCP001
Review and approval of manual journal entries
All manual journal entries are reviewed and approved by a manager with a Controller or equivalent title.
To ensure manual journal entries are valid, accurate, and approved by authorized personnel.
Unauthorized or inaccurate manual journal entries may be recorded...
Accuracy, Existence, Completeness, Authorization

Testing Attributes

A. Verify management agrees the amount per the journal entry support...

B. Verify management validates the entry was coded to the correct accounts

Smart Annotation

Annotate evidence 10x faster. Our smart tools auto-cross-reference values, tick-mark documents, and generate explanatory notes.

  • Auto-Tickmarking
  • Smart Cross-Referencing
  • AI Annotation Suggestions
iabuddy.ai
New Account Ana...
Find...
Current TB LC Canada
f
Select a cell to view content
✓ All changes saved
A
B
C
D
E
F
1
Total
-5,365,788.97
-3,270,826.00
-2,094,962.97
ties to TB from 1...
2
Sum of YTD
Column Labels
C
3
Row Labels
ACCT Name
208
Grand Total
4
10000
Revenue, Rental
-56,998,584.89
-56,998,584.89
5
11000
Revenue, Custome
-912,664.69
-912,664.69
6
11500
Recurring L&R
-11,498,530.28
-11,498,530.28
7
12000
Service Charges
-7,957,662.01
-7,957,662.01
8
12200
Revenue Rebates
1,840,502.20
1,840,502.20
9
12250
Revenue Prebates
201,908.10
201,908.10
10
12300
Free Rental Servic
43,498.93
43,498.93
11
12310
Customer Discour
301,240.44
301,240.44
Ready
Tickmark Attributes

Drag attributes onto the workpaper to annotate.

A

Inspect the New Account Analysis to verify that a comparison between the current period and prior period was performed to identify new GL accounts.

B

Validate that the tax classification and significance for the new accounts were reviewed by Senior Director (SD) or designee

C

Verify the completeness and accuracy the GL accounts

Streamlined Review

Collaborate seamlessly. Assign reviewers, track comment threads, and manage the approval workflow in real-time.

  • Review Queue
  • Comment Threads
  • Approve / Send Back
iabuddy.ai
BACK TO CONTROL LIBRARY
US.PTP.IP.PTP-23 - Test Sheet

Created: 2/1/2026, 10:37:10 PM

Reviewer: Test Agent

Testing Overview

Control IDRSC.TX...C001
Control NameReview/validation of the income tax footnote disclosures
Control DescriptionQuarterly review by the VP of Tax of income tax footnote disclosures to validate completeness and accuracy...
Control ObjectiveTo ensure income tax footnote disclosures are complete, accurate, and supported by valid documentation.
RiskRisk of material misstatement or omission in the financial statement footnote disclosures...

Remediation Tracking

Track deficiencies from discovery to closure. Assign ownership, set due dates, and monitor remediation plans across your entire cycle.

  • Issue Tracking
  • Ownership & Due Dates
  • Severity Classification
iabuddy.ai

Remediation Dashboard

Track deficiencies, remediation plans, ownership, and closure status.

Issues by status

4total
Open 3
In Progress 1

Issues by severity

4total
Deficiency 4

Issues by timeline

4total
On Track 4
ISSUE IDLAST TESTEDSEVERITYTYPENATURESTATUS
IS.009-TAX-15FY26 WalkthroughDEFICIENCYEffectivenessFailure to performOPEN
IS.007-FSCP-19FY26 InterimDEFICIENCYEffectivenessFailure to performOPEN
IS.007-LEAS-01FY26 WalkthroughDEFICIENCYEffectivenessFailure to performIN PROGRESS

Audit-Ready Reporting

Generate final deliverables in one click. Export workpapers, testing matrices, and executive summaries formatted for auditors.

  • Summary KPIs
  • Results Table
  • Multi-Format Export
iabuddy.ai

Reporting Dashboard

View and analyze control testing performance and outcomes.

Testing Status

21
Ready for Review21
Review in Progress4
Complete2

Testing Conclusion

24
Effective24
Ineffective3

Pass Rate

89%
Passed24
Failed3
Not Tested0

Controls by significance

569total
Key374
Non-Key195

Controls by type

569total
IT Dep. Manual0
Manual31
Automated19
N/A519

Controls by risk level

569total
High9
Medium528
Low32

27

AI TESTING COMPLETED

21

CONTROLS READY FOR REVIEW

4

REVIEW IN PROGRESS

2

CONTROLS REVIEWED

3

OPEN ISSUES

Scroll to explore features

Results you can measure

10x Faster

Drastically reduce time spent on manual testing.

Consistent Docs

Standardized workpapers that auditors love.

Defensible

Full audit trail and logic explanation for every test.

Transparent Pricing

Pay-as-you-go, scale as you need to

Built for Startups & Pre-IPO Teams

Designed for teams with real constraints.

IABuddy is ideal if you:

Are preparing for IPO or first SOX cycle
Have a lean finance or IA team
Rely heavily on external consultants for IA co-source
Need speed, clarity, and cost control

"IABuddy helps you scale compliance without scaling headcount."

Simple pricing that scales

Start with a 7-day free trial on any plan. No charge until the trial ends. Cancel anytime before it converts.

Monthly
Yearly Save up to 20%

Starter

For individual auditors

$60/ mo
  • 600 tokens/mo
  • 1 User license
  • Personal environment
  • Risk & Control AI recommendation
  • AI automated testing
  • Smart workpaper annotation
Most Popular

Plus

For growing internal audit teams

$125/ user / mo
  • 1,500 tokens/user/mo
  • Everything in Starter +
  • Shared workspace for team collaboration
  • Reviewer workflow
  • Access to testing history
  • Standard reporting

Premium

For mature internal audit teams

$250/ user / mo
  • Unlimited tokens
  • Everything in Plus +
  • Customized role-based access
  • Issue Management
  • PBC requests & inquiries
  • Audit planning & approach
  • Customized reporting
  • Unlimited subject to abuse guardrails.

Frequently Asked Questions

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iabuddy.ai

Reporting Dashboard

View and analyze control testing performance and outcomes.

Testing Status

21
Ready for Review21
Review in Progress4
Complete2

Testing Conclusion

24
Effective24
Ineffective3

Pass Rate

89%
Passed24
Failed3
Not Tested0

Controls by significance

569total
Key374
Non-Key195

Controls by type

569total
IT Dep. Manual0
Manual31
Automated19
N/A519

Controls by risk level

569total
High9
Medium528
Low32

27

AI TESTING COMPLETED

21

CONTROLS READY FOR REVIEW

4

REVIEW IN PROGRESS

2

CONTROLS REVIEWED

3

OPEN ISSUES