AuditBoard Audit Management

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AuditBoard Audit Management

Elevating Audit for Strategic Impact

Organizations require complete situational and holistic awareness of IT risk management across operations, processes, relationships, systems, transactions, and data to see the big picture or risk and impact on the organization. The interconnectedness of information and technology underpinning all aspects of an organization’s operations requires that the organization have a complete view of what is happening. This contextual awareness requires that IT risk management act as a central nervous system to capture risk intelligence and issues to enable the organization to be resilient as well as agile. The right information and technology architecture delivers an IT risk management capability that delivers value to the organization through greater efficiency, effectiveness, and agility. Organizations need to address IT risk management with an integrated architecture to manage the ecosystem of IT risks, compliance requirements, and controls with real-time information that delivers value to the business. This value can be measured in efficiency, effectiveness, and agility. An IT risk management platform saves time and money and creates an environment where the organization can measure the effectiveness and efficiencies of resources.

Crafting a value-based business case for audit management technology is crucial for organizations to demonstrate the tangible and intangible benefits such an investment would yield. Operational audit technology streamlines the audit function by enhancing efficiency, effectiveness, resilience, and agility in the internal audit process. It significantly contributes to the organization’s strategic objectives and risk management efforts. This clear articulation of value is pivotal for securing buy-in from key stakeholders and justifying the investment in this transformative technology.

AuditBoard is an enterprise GRC platform with a depth of focus on audit management through its Audit Management solution. It is a solution that GRC 20/20 has researched and evaluated that can manage audit management programs and work in complex, distributed, and dynamic business environments. AuditBoard delivers a solution to manage audit risk assessments, planning, preparation, execution, fieldwork, remediation, and reporting. The solution can be deployed to manage audits or implemented as an enterprise platform to manage the range of audits across organizations. GRC 20/20 finds that the AuditBoard Audit Management solution enables organizations to be efficient, effective, and dynamic in their audit management strategy and processes. AuditBoard is well suited for use in organizations of all sizes and industries looking for an efficient, effective, and agile approach to audit management. 

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  • The Struggles Encountered by Internal Audit Professionals

    • Ensuring Assurance Amidst Complexity

    • Managing the Audit Management Process

    • Building the Business Case for Audit Management Technology

  • AuditBoard Audit Management

    • What AuditBoard Audit Management Does

    • The Value of AuditBoard Audit Management

    • Total GRC Value & Return

    • Large Enterprise Organization Value & Return

    • Medium Commercial Organization Value & Return

    • Qualitative Value of AuditBoard Audit Management

  • GRC 20/20’s Final Perspective
  • Appendix
    • Disclosures
    • GRC Value Perspective Methodology
  • About GRC 20/20 Research, LLC

©GRC 20/20 Research, LLC. All Rights Reserved. No part of this publication may be reproduced, adapted, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of GRC 20/20 Research, LLC. If you are authorized to access this publication, your use of it is subject to the Usage Guidelines established in client contract. The information contained in this publication is believed to be accurate and has been obtained from sources believed to be reliable but cannot be guaranteed and is subject to change. GRC 20/20 accepts no liability whatever for actions taken based on information that may subsequently prove to be incorrect or errors in analysis. This research contains opinions of GRC 20/20 analysts and should not be construed as statements of fact.  GRC 20/20 disclaims all warranties as to the accuracy, completeness or adequacy of such information and shall have no liability for errors, omissions or inadequacies in such information.  Although GRC 20/20 may include a discussion of related legal issues, GRC 20/20 does not provide legal advice or services and its research should not be construed or used as such.

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