AuditBoard Launches Connected Risk Platform for Governance, Risk, and Compliance

AuditBoard launched Accelerate, a new AI solution that delivers natural-language workflows, continuous auditing and monitoring, document intelligence, and agentic AI for governance, risk and compliance teams. 

"Accelerate is a huge unlock for how our customers run their teams," says Happy Wang, chief product and technology officer at AuditBoard. “GRC teams can leverage the enterprise-grade capabilities of AI Accelerate to automate fieldwork, generate audit-ready outputs, and surface real-time insights — truly becoming strategic partners for their business."

Key takeaways:

·        With Accelerate, risk teams can deliver proactive insights and become a strategic enabler of the business; compliance teams can move faster and elevate their role as enablers of security, trust, and growth; and internal audit teams can shift from executing manual control checks to analyzing root causes and delivering strategic insights to the CFO and executive leadership.

·        Accelerate consolidates AuditBoard’s newest AI capabilities into a single experience for these teams.

• Audit Agent: Transform audit fieldwork by reducing weeks of work into hours through accelerated control testing and documentation cycles. Leverage AI to select representative, risk-based samples that improve accuracy, consistency, and audit efficiency. And, rapidly annotate large volumes of receipts and supporting documents to streamline testing.
• Continuous monitoring and continuous auditing: Eliminate manual evidence collection and reviews, and move away from point-in-time assurance with continuous auditing and control testing.
  
• Document Intelligence: Turn raw notes into audit-ready artifacts to glean insights and generate stakeholder reports, consolidating progress and insights from multiple audits into clear status summaries. Automatically transform walkthrough notes into detailed narratives and cross-audit summaries that surface key risks, processes, and trends to enhance coverage and insight.