FAQs

Most Frequently Asked Questions & Answers

The Audit Library is a subscription-based service that provides access to a collection of document templates and other digital tools for Internal Auditors.  Audit programs are our most popular product, but The Audit Library provides much more!  Subscribers have access to a growing collection of workpaper templates, compliance checklists, analysis tools, policies, procedures, charters, quality control templates, confirmation letters, etc. Each document is reviewed and updated annually, at a minimum.

We have three price levels, each with different features. Our Basic plan is $199 per year. This plan allows one user full access to the library; ideal for auditors working solo. Our Team plan is $499 per year, and allows unlimited users at an organization full Library access. This plan is ideal for audit departments with multiple auditors.  Finally, our Pro plan is $1,199 per year. This plan offers Library access for unlimited users in an organization, as well as five hours of consulting and advisory services from our team of experts. Contact us if you need help determining which plan is right for you!

When you subscribe to The Audit Library, you gain immediate access to everything we offer for one full year.  Your subscription will auto-renew on your anniversary date. You may cancel your subscription at any time.

The Pro plan includes 5 hours of consulting and advisory services from our Certified Internal Auditor Credit Union experts. What we help you with is really up to you! You may need advice dealing with a regulatory issue, a difficult audit, help customizing or writing a document, or you may have us call into a Supervisory Committee meeting to assist you, just to name a few options. Additional consulting time with us will be billed to you at our normal rate. Your hours may also be applied to one of our consulting engagements. You can read more about all the consulting services we offer here.

Yes, absolutely!  If you want to upgrade (i.e. from Basic to Team), the amount you paid will be prorated and credited towards your upgrade. On the anniversary date of your upgrade, you will renew at the current (upgraded) level. If you downgrade (i.e. from Team to Basic) you will be billed at the lower rate on your anniversary date.

We accept all major credit cards. Please contact us directly for alternative payment methods, if needed.

All documents were created by career Internal Auditors with CIA certification.  You can read more about our team here.

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The documents in The Audit Library are of high quality, will stand up to inspection, and will simplify your life.  Everything in the Library was written by fellow professionals who worked in the industry and appreciate the level of scrutiny that Internal Auditors face.  We’ve been in your shoes!  It’s hard to manage the needs of your stakeholders, meet all of your professional requirements and standards, and accomplish the administrative tasks required to properly run an audit department.  The Audit Library removes items from your endless to-do list, and saves you time and frustration.

We believe three competitive advantages set us apart:

1: Editability. All of our documents are either Word or Excel. No more paper or PDFs, because even the best documents need to be edited and changed at some point.

2: Transparency. You will always know exactly where our documents came from.  The Library has a column labeled “Last Updated.”  This is the date that a document was added, or the most recent review date. You will also know who created the documents, and what our qualifications are.  You can read about our team here.

3: Credit Union-Focus. We have developed a lot of content for Credit Unions, an industry that has been overlooked by companies chasing the mighty dollar. Credit Union Internal Auditors have unique responsibilities and duties, and we’re here to help!

Additionally, we also offer a combination of value and quality that is not available elsewhere in the marketplace.

Yes! Please visit the free section of the Library to download PDF copies of some of our most popular documents.  Now imagine having access those documents, and many more like them, in Word and Excel. We are confident you will see the value of this service and become a subscriber!

The Audit Library is a subscription-based model only.  We do not offer individual documents for purchase. We offer custom document preparation through our consulting services; click here to inquire.

The founders of The Audit Library worked in the Credit Union industry for many years, and this experience has yielded a lot of content.  There are specific Credit Union terms and processes that do not translate to other industries.  All Credit Union documents are clearly marked in the “Industry” column within the Library

If you don’t work in the Credit Union industry, The Audit Library will still provide you with superior value.  Many of the documents are universal across industries.

No.  The documents were created by auditors, based on our experience, interpretation, and understanding. When you subscribe to The Audit Library, you acknowledge via our Terms & Conditions that the documents and templates are not meant to provide legal exculpation.  If they were, they would be a lot harder to read! 

If you are lucky enough to have in-house counsel or access to legal resources, we encourage you to share the documents you plan to use, and to make any edits legal recommends for the specific needs of your company.

Yes, absolutely!  All of our documents are designed to be readable and accessible.  Whether you are brand new to the industry, or a seasoned professional with many years of experience, The Audit Library will help you be effective in your role.

New auditors are often expected to bring fresh ideas and perspectives.  In addition to utilizing the tools provided by a subscription to The Audit Library, we encourage auditors to follow The Audit Library Blog.  Hear our perspectives on the industry, learn tips that can help your career progress, and contribute to your team right out of the gate!

Yes!  Experienced auditors typically have many pressing concerns, but limited time and resources to handle it all.  Download our version of a document you need, and spend a fraction of the preparation time making company-specific edits.  Then tackle something else on your to-do pile.  Time is an auditor’s most precious resource, and the further you are in your career, the less of it you have to waste!

We really want to earn your continued business, so we regularly update our documents and create new ones. We spend our time keeping up with industry changes, brainstorming new content, and gathering feedback from our subscribers to improve.  Each document on the website will be reviewed annually, at a minimum, and updated as needed. Think of our offerings at any given time as a snapshot.  A week, a month, or a year from now, the website will have new and improved items on the menu.

Updates and new documents will also be implemented based on requests and feedback, which we encourage you to leave here.

Request it by contacting us here. The documents available now are our best guess of what the subscribers need. We’re human, and we may have overlooked something. If a request falls within the scope of the library, we will happily create it.

We offer custom document preparation through our consulting services. You can learn more here and request a proposal here.

Policies and procedures, other than those directly owned by Internal Audit departments, will not be available through this service.  The Audit Library is for auditors, not management, the proper owner of company policies.  You can read our thoughts on policy ownership here.

We estimate at least 5 minutes, but not more than an hour, of editing is needed per document. Every document will require some editing, even if that just means adding your company name and logo.  For lengthy or complicated documents, more significant edits might be necessary. Examples are sections added or removed, company-specific wording, titles changed to reflect your organizational chart, etc. 

We respectfully ask that our subscribers not share the documents with others outside of their company.  We are a small business, and our goal is to provide a needed service to Internal Auditors at a reasonable price.  This is only sustainable if everyone using the service is paying their fair share.  Additionally, we need all users to accept our Terms & Conditions

We believe that this question comes out of a desire to help your fellow auditors. If you think a peer would benefit from The Audit Library, please tell them about the service and encourage them to download our free templates. Hopefully, they will see the value and become a subscriber, allowing us to continue and help even more auditors!