AuditBoard, the leading cloud-based platform transforming audit, risk, and compliance management, has officially announced a partnership with Protiviti, a global consulting firm with market leading expertise in internal audit.
Together, the companies unveiled new joint capabilities at Audit & Beyond, the premier event for audit, risk, and infosec leaders.
According to certain reports, these joint services include advanced analytics, collaboration, transformation, and digitization capabilities, as well as several joint offering to help teams prepare for the new Global Internal Audit Standards from the Institute of Internal Auditors. More on the given services would reveal how they are designed to help customers dramatically reshape how they gain insights, drive efficiency, and deliver transparency throughout their audit lifecycle.
Talk about these solutions on a slightly deeper level, we begin from an all-new solution in analytics accelerator, which effectively combines AuditBoard’s modern connected risk platform with Protiviti’s advanced analytical expertise to offer customers deeper insights into their data. Such a solution, in essence, can be expected to facilitate continuous monitoring of risk areas, and automated control testing across full populations, while simultaneously delivering interactive dashboards to deliver actionable insights.
Next up, the stated partnership introduced an assortment of custom GRC connectors that integrate common GRC systems, like Archer and ServiceNow, into AuditBoard modules for the purpose of streamlining collaboration with stakeholders, improving data accuracy and integrity, and creating workflow efficiency across different technology stacks. This particular integration also drives seamless issue management, and at the same time, ensures data accuracy and visibility across the business.
“We are thrilled to keep building on our strategic partnership with Protiviti with these innovative joint solutions,” said Scott Whitlock, Vice President of Global Alliances and GTM Partnerships at AuditBoard. “By combining AuditBoard’s industry-leading software and Protiviti’s world-class consulting and technology expertise, we’re uniquely positioned to guide enterprises in redefining the value and efficiency of internal audit. Together, we will continue to empower organizations to manage risk effectively and achieve their business objectives.”
Moving on, AuditBoard and Protiviti will further leverage their partnership to conceive what would be a Global Internal Audit Standards Gap Assessment. This assessment will place the self-assessment tools within AuditBoard’s modern connected risk platform next to Protiviti’s expertise to provide service offerings. Such an assessment should also come in handy when the agenda is to help internal audit teams accelerate and leverage the Standards implementation, further advancing strategic objectives and providing the confidence of a comprehensive documented assessment to their organizations.
Then, there is a prospect of linking Protiviti’s KnowledgeLeader with the AuditBoard platform to provide advanced training and leading practices at the disposal of AuditBoard’s client base. This includes expanding the educational tools and resources available to auditors.
“This expansion of our long-standing relationship with AuditBoard, has the potential to drive remarkable value for joint customers,” said Andrew Struthers-Kennedy, Global Lead of Internal Audit consulting at Protiviti. “Protiviti and AuditBoard have long been among the most prominent supporters and innovators in the internal audit profession and with the launch of these new joint solutions, we aim to continue to inspire and encourage by bringing innovative and transformative technology and consulting services to the global internal audit community.”
Founded in 2014, AuditBoard’s rise up ranks stems from being a leading cloud-based platform which shown a knack of transforming audit, risk, compliance, and ESG compliance management at scale. The company’s excellence in what it does can also be understood once you consider almost 50% of the Fortune 500 organizations leverage its technology to give their businesses greater clarity and agility.
As for Protiviti, it makes its case on the back of providing consulting and managed solutions in finance, technology, operations, data, digital, legal, HR, risk, and internal audit, doing so through a network of more than 90 offices in over 25 countries for the same. Having cracked the Fortune 100 Best Companies to Work For® list for 10 consecutive years, the company serves more than 80 percent of Fortune 100, nearly 80 percent of Fortune 500 companies, and in case that wasn’t enough, it also collaborates with government agencies and smaller, growing companies.