---
sourceDocument: Australia Asset Management
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/it-asset-management

 Release :

    - australia

ft:locale :

    - en-US

ft:publication_title :

    - Australia Asset Management

ft:clusterId :

    - itam

bundleId :

    - itam

workflow :

    - Technology


---

# Managing audit engagements

# Managing engagements for financial regulatory audits {#ariaid-title1}

* Release version: Australia
* 
* Updated March 12, 2026
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

If you are an audit manager, you can create and manage engagements for your financial regulatory audits in the Audit Workspace.

## Overview of managing engagements for financial regulatory audits {#managing-audit-engagements-asset-audit-response__cf-using-parent-workflow}

Create and manage engagements for your financial regulatory audits by performing the following tasks:

* [Create an audit engagement in Audit Workspace](https://www.servicenow.com/docs/access?context=create-engagement-ws&version=australia&pubname=australia-governance-risk-compliance&ft:locale=en-US)

  Create an engagement to manage audit information and to collect entities, controls, and control tests that are relevant to the audit.
* [Create an activity in the Audit Workspace](https://www.servicenow.com/docs/access?context=create-activity-audit-ws&version=australia&pubname=australia-governance-risk-compliance&ft:locale=en-US)

  Create an activity that explores and provides documented evidence of whether the associated control is operating correctly or not.
{#managing-audit-engagements-asset-audit-response__cf-using-parent-steps-ul}