Abstract: A hosted audit service includes an interface to audit related tasks, such as planning functions, task assignment functions, progress tracking functions, communication functions, and document management functions. A hosted audit service also creates an audit procedure manual by providing users with a business processes library, receiving a selection of business processes from the business processes library, and creating an audit procedure manual from the audit procedures associated with the business processes. The hosted audit service also includes creating a list of risks. The risks are selected from a risk library in accordance with their association with the business processes. The hosted audit service further includes creating a list of risk controls. The risk controls are selected from a risk control library in accordance with their association with the risks. The audit procedure manual is communicated with the user electronically. Users can access the hosted audit service through a web browser.