Latest AuditBoard Innovations Surface and Manage More Risk

Latest AuditBoard Innovations Surface and Manage More Risk

Each quarter, we highlight key capabilities released by AuditBoard. We’ve collected a summary of key features released in Q1 2024, with the opportunity to learn more about additional product releases in the AuditBoard Help Center.

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Work Smarter With Greater Impact

[CrossComply] Automated Evidence Collection Enhancement (Beta): So good, we want you to try it now! Accelerate IT compliance with 170+ new integrations to eliminate the burden of manual evidence collection and enable teams to focus on value-add activities. Complete this form to indicate your interest in partnering with our Product team to test this enhancement!

[TPRM] Contract Details and Notifications: Streamline vendor risk workflows by configuring automated notifications based on key contract information like start/end date, renewal date, auto-renewal option, and contract status to ensure vendor managers have adequate time to perform evaluations and modify contract terms as needed. 

[OpsAudit] Audit Form Enhancements: Create custom audit forms at scale to better determine risk areas with more robust capabilities like conditional questions and weighted scoring.

Surface and Manage More Risk

[SOXHUB, OpsAudit] AuditBoard Analytics: Optimize data security, improve financial accuracy, and verify company spend with 11 OOTB analytic workflows to automate anomaly detection, control testing, and continuous monitoring for audit and SOX use cases like user access reviews, financial account variance analysis, and travel and expense testing.

[OpsAudit] Audit Level Risk Assessments: Define audit priorities and scope by enabling more robust risk assessment capabilities to determine which risks and controls referenced in an audit project should be in scope for review/testing. 

Drive Frontline Ownership

[RiskOversight] Risk Event Tracking: Drive true prioritization of risk mitigation activities by enabling business users to report losses through an intuitive workflow for risk teams to review and determine next steps based on the business impact.

[RiskOversight] RCSA Enhancements: Streamline operational risk management workflows with our latest risk and control self-assessment enhancements, which include the ability to schedule RCSA requests in advance and automatically populate RCSAs with entity risks and controls based on initial risks selected.

For customers interested in learning more about all major capabilities launching this quarter, head to the Help Center and read the latest AuditBoard Advisor article now!