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AuditBoard

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  1. Information technology and software
  2. Media and communications
  3. Professional services (engineering, legal, consulting, etc.)

What is AuditBoard

AuditBoard is a cloud-based platform used to plan, execute, and report on internal audits and related governance, risk, and compliance (GRC) activities. It supports audit teams, compliance teams, and risk owners with workflows for audit planning, workpapers, issue tracking, and evidence collection, and it extends into risk management, SOX/controls, and third-party risk use cases. The product emphasizes centralized documentation, cross-team collaboration, and traceability from risks and controls through testing and remediation.

pros

End-to-end audit workflows

AuditBoard provides structured workflows for audit planning, fieldwork, workpapers, review, reporting, and follow-up. Teams can link risks, controls, tests, issues, and action plans to maintain an auditable trail. This reduces reliance on spreadsheets and email-based coordination for recurring audit cycles.

Centralized evidence and traceability

The platform centralizes supporting documentation and evidence requests, helping teams track what was requested, received, and approved. Linkages between controls, testing steps, and remediation items support traceability for internal and external stakeholders. This is particularly useful when multiple assurance functions share overlapping control and compliance requirements.

Broad GRC use-case coverage

Beyond internal audit, AuditBoard supports adjacent programs such as SOX/ICFR, risk assessments, IT risk, and third-party risk management. Organizations can standardize taxonomies (risks, controls, processes) across programs to reduce duplication. This breadth can be advantageous compared with point solutions that focus on a single compliance framework or workflow.

cons

Implementation and governance overhead

To realize value across multiple GRC programs, teams typically need to define common taxonomies, ownership models, and workflow standards. Configuration decisions (e.g., risk/control libraries, testing approaches, reporting structures) can take time and require sustained administration. Smaller teams may find the setup effort disproportionate if they only need lightweight task or checklist management.

Reporting may require tailoring

While the platform supports dashboards and reporting, organizations often need to tailor views to match internal audit committee formats and management reporting expectations. Complex reporting needs can require additional configuration and disciplined data entry to keep metrics reliable. Teams migrating from spreadsheets may need time to align on consistent fields and definitions.

Not a dedicated ESG suite

Although it can support governance and control-oriented workflows relevant to ESG, it is not primarily positioned as a specialized ESG reporting system with deep, out-of-the-box coverage for all ESG data collection and disclosure requirements. Organizations with extensive ESG data management needs may still require additional tooling for emissions accounting, sustainability data pipelines, or specialized disclosure frameworks. Fit depends on whether ESG is handled as a controls-and-assurance workflow versus a full sustainability reporting stack.

Seller details

AuditBoard, Inc.
Cerritos, California, USA
2014
Private
https://www.auditboard.com/
https://x.com/auditboard
https://www.linkedin.com/company/auditboard/

Tools by AuditBoard, Inc.

AuditBoard

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