The ServiceNow® Audit Management application enables a comprehensive set of activities for planning audit engagements, executing audits, and reporting findings to the audit committee and the executive board. This reporting provides assurance to key stakeholders that the organization's risk and compliance management strategy is effective.

With Audit Management, users can schedule internal audits, scope engagements, conduct audit activities, review continuous monitoring results, collect control evidence, track audit observations, and report findings.

The Audit Management application includes the following components:

- Audit engagements
- Audit scoping
- Audit testing – test templates and test plans
- Audit tasks – control test, interview, walkthrough, and activity
- Audit reports and dashboards