Abstract: A computer implemented method and system for managing an audit of one or more network layer devices is provided. An audit management system accessible by a user via a graphical user interface acquires network layer device information of the network layer devices and a configuration file comprising configuration file commands. The audit management system allows creation and/or selection of one or more audit policies for the network layer devices. The audit policies comprise one or more audit rules that define functioning of the network layer devices for one or more compliance policies. The audit management system executes the audit policies for performing the audit of the network layer devices by comparing the configuration file commands of the configuration file with the audit rules of the audit policies, and generates a report comprising information about security and compliance of the network layer devices with the compliance policies based on the audit.