AuditBoard and Protiviti Collaborate for Enhanced Audit Solutions
In a significant stride towards transforming audit lifecycle management, AuditBoard and Protiviti have unveiled groundbreaking joint capabilities. This partnership showcases a blend of technology and consulting prowess aimed at optimizing the processes of internal auditing. The announcement coincided with the Audit & Beyond event, highlighting the commitment of both firms to the evolving needs of audit, risk, and information security leaders.
Transformative Solutions for the Audit Lifecycle
Customers can expect an array of new solutions designed to drastically enhance the way they obtain insights, improve operational efficiency, and bolster transparency within their audit processes. Among the exciting offerings are:
Analytics Accelerators
These innovative tools harness the strengths of AuditBoard's modern connected risk platform alongside Protiviti's advanced analytics capabilities. The collaboration provides deeper insights into data, facilitating continuous monitoring of risk areas and enabling automated control testing. With interactive dashboards, users can now make data-driven decisions swiftly.
Custom GRC Connectors
Tailored GRC (Governance, Risk, and Compliance) connectors have also been developed to integrate seamlessly with common systems such as Archer and ServiceNow. This integration streamlines collaboration across stakeholders and enhances data accuracy and integrity, improving workflow efficiency throughout different technology stacks.
Meeting Global Internal Audit Standards
To help internal audit teams prepare for the latest Global Internal Audit Standards, AuditBoard and Protiviti have launched the Global Internal Audit Standards Gap Assessment. This offering merges self-assessment tools with Protiviti's industry expertise to aid organizations in effectively implementing the Standards while achieving strategic objectives.
Enhanced Training Resources
Moreover, Protiviti’s KnowledgeLeader resource will be accessible within the AuditBoard platform, providing clients with robust training materials and advanced practices for internal auditors. This initiative aims to expand the educational tools available and supports auditors in enhancing their professional skills.
Leaders Express Excitement for the Partnership
Scott Whitlock, Vice President of Global Alliances and GTM Partnerships at AuditBoard, expressed enthusiasm for the ongoing partnership. He remarked, “By merging our software capabilities with Protiviti’s expertise, we are in a prime position to redefine the internal audit landscape.” This sentiment was echoed by Andrew Struthers-Kennedy from Protiviti, who highlighted the potential benefits these innovative solutions bring to clients.
About AuditBoard and Protiviti
AuditBoard stands out as a leading cloud-based platform revolutionizing audit, risk, compliance, and ESG management. With over half of the Fortune 500 utilizing its services, AuditBoard is dedicated to delivering clarity and agility in audit processes. For additional information, visit AuditBoard online.
Protiviti, on the other hand, operates as a global consulting firm, providing extensive expertise and tailored solutions across various sectors including finance, technology, and internal audit. Their commitment to fostering strong client relationships ensures that they remain at the forefront of industry innovation.
Frequently Asked Questions
What are the main benefits of the partnership between AuditBoard and Protiviti?
The partnership enhances audit lifecycle management by combining AuditBoard's technology with Protiviti's consulting expertise, allowing for improved insights and efficiencies.
What solutions are offered through the collaboration?
They offer Analytics Accelerators, Custom GRC Connectors, a Global Internal Audit Standards Gap Assessment, and enhanced training resources through KnowledgeLeader.
Who can benefit from these new solutions?
Organizations looking to optimize their internal audit processes and align with the latest standards can greatly benefit from these joint capabilities.
How does the Analytics Accelerators tool function?
This tool enables continuous monitoring and automated control testing, providing users with interactive dashboards for actionable insights.
What is the significance of achieving Global Internal Audit Standards?
Adhering to these standards promotes best practices in internal auditing, ensuring that organizations implement effective and strategic audit processes.
