Abstract: Embodiments of the present invention are directed to a method and system for auditing an enterprise that involves creating an Internal Audit Plan. The method is to define the scope of such Internal Audit engagement under the Audit Plan Workflow and create Process Notes that detail out processes followed during an audit engagement. A Verifying Evidence module records all test templates by users and process owners and a final report is generated for Internal and External Audit Engagements. The system is capable of seeing management response and also implements the status of Internal and External Audit engagements on due dates with appropriate reminders. In this manner the present invention increases transparency, reduces time & efforts associated with accessing the audit information.