AuditBoard Announces Integrated ESG Program Management Solution at Annual Audit & Beyond Conference

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Purpose-built extension for AuditBoard’s innovative connected risk management platform operationalizes ESG programs for audit and risk management teams in response to increasing scrutiny.

LOS ANGELES – AuditBoard, the leading cloud-based platform transforming audit, risk and compliance management, today announced a new purpose-built solution that extends its platform to enable teams to Internal Audit and Risk Management to centralize and manage their environmental, social and governance (ESG) programs. AuditBoard ESG offers powerful data collection and analysis capabilities to automate manual tasks, simplify reporting and framework disclosures, and ensure ESG data is audit-ready. The announcement was made at its annual Audit & Beyond conference – a hybrid in-person and online event being held this week in Los Angeles.

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The release of AuditBoard’s ESG solution comes as ESG risks are rapidly becoming a key area of ​​focus for boards, investors and regulators, as evidenced by an AuditBoard report released this week. The report highlights that more than 60% of risk and compliance leaders expect ESG to have a significant or moderate impact on their organizations over the next year. Additionally, a 2022 Deloitte survey of internal ESG stakeholders at large public companies found that 57% said data availability and accuracy remain their biggest challenges in meeting disclosure requirements.

AuditBoard ESG addresses these challenges by centralizing data in a single system of record; simplify the collection of evidence and the communication of information; and allow teams to perform materiality assessments. The integrated solution also aligns topics and metrics with common reporting frameworks – including the Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI) and Task Force on Climate-Related Financial Disclosures (TCFD) – to identify gaps and surface overlapping requirements.

“ESG has the potential to change the regulatory landscape as dramatically as Sarbanes-Oxley did twenty years ago,” said Scott Arnold, President and CEO of AuditBoard. “We designed and built AuditBoard’s ESG solution to give our clients the tools they need to manage and streamline their programs, providing invaluable assurance to their organizations in this time of rapid transformation.”

The launch of AuditBoard ESG comes in a year in which the company has launched a number of solutions specifically designed to meet the growing needs of audit, risk management and compliance teams. Powerful new platform features released in 2022 include Automation and Analytics, which leverages best-in-class applications and data sources such as AWS Security Hub, Snowflake, Alteryx, and Fastpath to automate processes and streamline workflow. data analytics, and AuditBoard TPRM, which breaks down silos and engages relevant stakeholders inside and outside the organization to enable third-party risk management programs to scale more effectively and meet the needs growth of their business.

Other innovative new features unveiled at Audit & Beyond are intended to enable teams to create and manage dynamic risk-based audit plans for effective execution and continuous assurance, to make more strategic decisions based on data with an enhanced real-time view of risk and performance metrics across their organizations and leverage the AuditBoard platform’s extensive integrations support with leading third-party solutions.

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AuditBoard’s capability expansions released throughout 2022 have been praised by customers and the market as a whole. AuditBoard was recently named by G2.com a market leader in audit management for 12 consecutive quarters and in GRC for 11 consecutive quarters, is top rated by clients on Gartner Peer Insights and Capterra, won the Fortress Cyber ​​Award Security Award 2022 in the Computing Computing category for the second consecutive year, and was honored with a 2022 Stratus Award for Cloud Computing.

To learn more, visit AuditBoard.com.

About AuditBoard

AuditBoard is the leading cloud-based platform that transforms audit, risk and compliance management. More than 35% of Fortune 500 companies rely on AuditBoard to drive their business forward with greater clarity and agility. AuditBoard is top rated by clients on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the third consecutive year as one of North America’s fastest growing technology companies by Deloitte. To learn more, visit AuditBoard.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221026005380/en/

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