AuditBoard, a prominent provider of cloud-based software for audit, risk, and compliance management, has announced the launch of new capabilities to assist organizations in adhering to the latest Institute of Internal Auditors (IIA) Global Standards. This move comes in response to the recent updates in the IIA standards, which emphasize a more rigorous and comprehensive approach to internal auditing.
The new features in AuditBoard’s platform are designed to streamline the process of achieving and maintaining compliance with the IIA standards. Key enhancements include advanced automation tools, improved reporting functionalities, and enhanced integration capabilities. These tools are aimed at reducing the manual effort involved in compliance activities, thereby allowing audit teams to focus more on strategic initiatives and risk management.
AuditBoard’s enhanced platform now offers a more intuitive user interface, making it easier for audit professionals to navigate and utilize the various tools available. The platform’s automation capabilities are particularly noteworthy, as they enable automatic updates and notifications related to compliance requirements, ensuring that organizations remain up-to-date with the latest standards.
In addition to automation, the new reporting functionalities provide detailed insights into compliance status, audit findings, and areas for improvement. This helps organizations to proactively address potential issues and maintain a robust internal control environment. The integration capabilities allow seamless connectivity with other enterprise systems, facilitating a holistic approach to risk and compliance management.
“We are committed to supporting our clients in meeting the evolving standards of internal auditing,” said Scott Arnold, CEO of AuditBoard. “Our new capabilities are designed to enhance efficiency, reduce complexity, and provide greater transparency into the compliance process.”
With these enhancements, AuditBoard continues to solidify its position as a leader in the audit, risk, and compliance software market, providing organizations with the tools they need to navigate the increasingly complex regulatory landscape.