AuditBoard and Protiviti Enhance Internal Audit Efficiency
At a recent conference, leading companies in audit and risk management revealed exciting new developments in their partnership. AuditBoard, known for its innovative cloud-based platform, and Protiviti, a consulting expert, are combining their strengths to streamline audit lifecycle management. Their collaboration aims to elevate standards for internal audits and compliance management.
New Capabilities for Modern Businesses
The newly announced capabilities were showcased at a key industry event, highlighting a commitment to delivering advanced solutions for organizations striving for excellence in internal audit practices. These services feature robust analytics, seamless collaboration tools, and streamlined processes tailored to help businesses enhance their audit experiences.
Advanced Analytics Accelerators
A centerpiece of this collaboration is the introduction of Analytics Accelerators, which merge AuditBoard's connected risk platform with Protiviti's analytical prowess. This integration provides clients with deeper insights into their operational data, enabling continuous risk monitoring and automated compliance testing across various systems. Through interactive dashboards, organizations can extract actionable insights, leading to more informed decision-making.
Custom GRC Connectors
Another vital component of this partnership is the development of Custom Governance, Risk, and Compliance (GRC) Connectors. These connectors integrate well-known systems such as Archer and ServiceNow with AuditBoard’s modules, promoting efficient communication among stakeholders and enhancing data integrity. By creating streamlined workflows across different technologies, these connectors help teams manage issues effectively and maintain high data visibility.
Preparing for Global Standards
As organizations prepare for new Global Internal Audit Standards, the collaboration offers an essential gap assessment service. This assessment combines AuditBoard's self-assessment tools with Protiviti's extensive expertise, allowing internal audit teams to implement the Standards effectively. This service empowers businesses to meet strategic goals while ensuring a comprehensive documented assessment.
KnowledgeLeader Collaboration
Additionally, the partnership with Protiviti’s KnowledgeLeader brings advanced training and resources to AuditBoard's customer base. Clients can access a wealth of educational tools designed to equip auditors with the latest best practices and knowledge in the industry.
Scott Whitlock, Vice President of Global Alliances at AuditBoard, expressed his enthusiasm for the ongoing partnership, stating how the union of AuditBoard's software and Protiviti's consulting services will significantly redefine the value of internal audits for enterprises. This synergy is designed to empower organizations to manage risks more effectively and achieve their operational objectives.
Increasing Value for Clients
According to Andrew Struthers-Kennedy, Protiviti’s Global Lead of Internal Audit Consulting, this enhanced relationship has the potential to deliver remarkable value to their joint clients. Both firms have long championed innovation in the internal audit profession, and with these new offerings, they aim to motivate the global internal audit community with transformative technology and consulting services.
For businesses looking to elevate their audit management practices, these new offerings from AuditBoard and Protiviti provide a compelling solution. The collaboration stands to enhance operational efficiency, risk management, and compliance effectiveness across various sectors. As companies navigate the complexities of today’s business environment, solutions that offer clarity and agility can help pave the way for future success.
About the Companies
AuditBoard is recognized as a leader in cloud-based audit, risk, and compliance management solutions. With nearly half of the Fortune 500 relying on its platform, AuditBoard provides organizations with the tools necessary to navigate today’s challenges with greater insight and efficiency. The company has received high ratings from clients across peer review sites.
Protiviti, a global consulting firm, offers comprehensive expertise and tailored solutions to clients across multiple sectors. Operating in over 25 countries, Protiviti has assisted a vast array of companies—including a significant percentage of Fortune 100 and Fortune 500 organizations—by providing insights that foster proactive decision-making and confident leadership.
Frequently Asked Questions
What are the main capabilities provided by AuditBoard and Protiviti?
AuditBoard and Protiviti offer advanced analytics, GRC connectors, gap assessments for internal audit standards, and training resources through their collaboration.
How does the collaboration help with Global Internal Audit Standards?
The collaboration provides gap assessments and self-assessment tools to ensure internal audit teams can effectively implement the new Global Internal Audit Standards.
In what ways do Analytics Accelerators benefit organizations?
Analytics Accelerators provide continuous risk monitoring, automated testing, and interactive dashboards, allowing organizations to gain deeper insights into their operations.
What kind of training does KnowledgeLeader provide?
KnowledgeLeader offers advanced training and resources aimed at expanding auditors' knowledge and equipping them with best practices in the industry.
How can AuditBoard assist businesses in compliance management?
AuditBoard’s platform helps organizations achieve compliance through its effective audit management tools, integrated risk assessments, and data-driven insights.
