AuditBoard

AuditBoard

About TrustRadius Scoring
Score 8.9 out of 100
AuditBoard

Overview

Recent Reviews

Popular Features

View all 2 features

Risk management (7)

8.2
82%

Reviewer Pros & Cons

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Pricing

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What is AuditBoard?

AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos.

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting / Integration Services

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Features Scorecard

Governance, Risk & Compliance

8.0
80%

Product Details

What is AuditBoard?

AuditBoard aims to transform how audit, risk, and compliance professionals manage today’s dynamic risk landscape with a connected platform designed to engage the front lines, surfaces the risks that matter, and drives better strategic decision-making. The vendor states more than 25% of the Fortune 500 leverage AuditBoard to move their businesses forward with greater clarity and agility.

AuditBoard Features

Governance, Risk & Compliance Features

  • Supported: Common repository of GRC items
  • Supported: Risk management

AuditBoard Video

In today’s world, the global risk environment is more dynamic than ever. Audit, risk, and compliance teams are working differently than they did yesterday… And by tomorrow, it can all shift again. With teams spread across offices, homes, and around the globe, the simplest of t...
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AuditBoard Competitors

AuditBoard Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo

Comparisons

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Frequently Asked Questions

What is AuditBoard?

AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos.

What is AuditBoard's best feature?

Reviewers rate Risk management highest, with a score of 8.2.

Who uses AuditBoard?

The most common users of AuditBoard are from Enterprises (1,001+ employees) and the Computer Software industry.

Reviews and Ratings

 (16)

Reviews

(1-9 of 9)
Companies can't remove reviews or game the system. Here's why
Mark Schiff | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Review Source
We began our journey using AuditBoard to manage our global sox control owner testing program. It is much simpler and cleaner that our prior tool and was easy for control owners to learn the tool and perform testing more efficiency and effectively. We also use it for the quarterly disclosure surveys that used to be done in a separate tool. Our audits are managed in OpsAudit that provides a single source for our audit plan and status of related projects. We use issues module coupled with WorkStream survey to track issues to completion with a fully automated process. All with single sign on providing seamless access and relatively easy admin effort to manage users.
  • The implementation is quick and seamless. The implementation managers are very good and very quick to respond to questions.
  • The tool is so easy to use. Very minimal training is needed to teach how to use.
  • There is so much that can be done in the tool. Really any audit project can be done better with the tool.
  • Some minor features are missing.
  • A lot of turnover with customer support.
  • Some modules cant manager a lot of data.
AuditBoard is great for SOX testing, managing audit projects, any workflow requests like PBC, questionnaire's and surveys. It is great for enterprise risk management. It is really great from cradle to grave with very minor limitations. They also always have new features and modules coming it. Its like the Apple of GRC tools!
Score 10 out of 10
Vetted Review
Verified User
Review Source
We use AuditBoard for both operational audits and sox compliance. It is used by a large group within the group organization for streamlining sox certifications and testing. The internal audit team uses ops audit to document audit testing. This product has made our groups so much more efficient and gave us a great opportunity to collaborate very easily with the business units we audit.
  • Documentation requests
  • Surveys are very easily to build and deploy
  • None
Well suited for large and small organizations. It is easily scalable and very easy to configure. Once configured, it’s super easy to use and manage
Score 9 out of 10
Vetted Review
Verified User
Review Source
The Internal Audit Department uses it to document testing for Ops Audit and SOX. We also use Workstream to send out quarterly certifications to all of our SOX control owners and to send out our identified issues for Management Action Plan responses and to document SOC 1 reviews. The IT department uses CrossComply to monitor Compliance Frameworks (ISO and PCI).
  • The integration between modules is fabulous
  • Being able to make a change in one place and have it flow through to all areas
  • The support provided has been fabulous
  • I would like to see the QSA questionnaires be placed somehow with the Control test procedures.
If you are SOX covered or if you do a lot of Ops Audits. When we initially started using AuditBoard, they were concentrated on SOXHUB and we had a lot of wishes and upgrades that we requested for OpsAudit - they listened to our suggestions and made the upgrades quickly.
Score 10 out of 10
Vetted Review
Verified User
Review Source
We used AuditBoard for our controls testing, controls certifications, document requests, and operational audits. It was used by the internal audit department and the accounting department. AuditBoard allowed us to have everything in one location. It gave control owners and management more insight into what their controls are, what issues were discovered, and gaps in the controls process.
  • Customer services - They are always available to help or answer questions. They listen to our needs and try to implement them
  • Dashboard and controls page is clean and customizable.
  • Financial Reporting function
My company was performing a carve-out and we were able to use AuditBoard for file transfer and substantive testing
October 05, 2021

Great Audit Tool

Melissa Gonzalez | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Review Source
AuditBoard is used by Internal Audit and Risk Management. It addresses all operational audits and risk & controls of the Bank.
  • Record keeping
  • Electronic data maintenance of workpapers
  • Communication across all areas of the bank
  • Efficiency in reporting and management of risk and controls
  • Ease of downloading all workpapers and reports
  • Highlighting important information in the Notes section.
AuditBoard is well suited for small and large companies. Each frame is designed specifically for each company as needed. Operational audits are all maintained under one module without the need to have various software.
Courtney Sheff | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
AuditBoard is currently being used by the Internal Audit Department, which uses it to create & house risk assessments, to hold audit work documentation, to create issues and report them via Internal Audit Reports, to document SOX control walkthroughs & testing, for time reporting, as Internal Audit's Standard file repository (procedures, etc.), to survey audit clients for feedback, and to ask control owners to certify their SOX control performance. The Risk Department has also reviewed AuditBoard's system but has not yet chosen to implement it for ERM risk assessments. The Internal Audit Department has allowed examiners and external auditors access to the system in limited form as well.
  • Allows line of business managers to review and report SOX control status/changes which automatically update the controls in the related narratives.
  • Shows status of work.
  • Exports system data to Excel to create many helpful reporting possibilities.
  • Organizes audit tasks and information.
  • We used to perform our Risk Control Analysis (RCA) for each audit's planning in an Excel spreadsheet. Once we purchased the Risk Oversight module, AuditBoard helped us convert the RCA to a system function rather than a spreadsheet. At first, we lost some of the functionality the spreadsheet provided, but AuditBoard did continue to help us build and work towards a solution more similar to what we previously had. Though happy with it, it's still not perfect. As one example, I'd like to be able to link actual Ops Audit work steps that cover the risk and controls being outlined in the RCA, rather than just adding a comment to state which steps cover them. More of a preference, I suppose.
  • I also had demoed their beta Resources and Scheduling module, but it didn't have enough functionality at the time to work for how we put the quarterly Internal Audit schedule together (using Excel). One thing I recall was that you couldn't pull in SOX controls or non-chargeable work (such as education or administration) to auditor's schedules; it was meant to schedule the Ops Audits only. It is possible they have already fixed or improved this; I just haven't seen the updated version.
I believe AuditBoard is specifically designed for Ops Audit and SOX control testing and is especially beneficial for audit shops with 5+ people. I also think that it could be well suited for ERM by the Risk Department, as it allows input from multiple parties if desired. The system could allow the entire company to work from a shared risk and control library. I've not demoed or used the Compliance module enough to know if it would benefit an audit department, or a compliance monitoring function of Risk Management.
September 28, 2021

Great tool for auditors

Phoebe Zheng | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
Review Source
AuditBoard help keeps our SOX testing more organized. We use it for SOX audit, Ops audit, etc. <br>I don't believe it's used in other department.
  • It has a profile page for each control where we can document audit testing and attach supporting documents for each test.
  • AuditBoard has improved the editing features of the test sheet and attached documents. When I started, I would have to edit a file on my laptop, delete the file attached, and re-attache the latest file, now it allows me to edit as a pdf or excel file on my laptop and then sync with AuditBoard.
  • We can also request supporting documents to control owners within the program, and they can upload documents to the request.
  • Dashboard could be more user friendly
  • The narrative features could be better integrated with google doc
It's a great tool for auditors.
It would keep the audit testing neat and tidy.
Score 10 out of 10
Vetted Review
Verified User
Review Source
The whole organization uses it as a managerial and risk tool. They use it every quarter to certify their controls and report anything that is not working as intended. This addresses the SOC, SOX, and operational risks and allows IA to correct the control language based on the needs of the department and organization.
  • Organized and easy to use.
  • Continuous improvement and learning modules.
  • Opportunities to gain industry knowledge.
  • Community and feedback opportunities.
  • Quick remediation of issues.
AuditBoard is easy to use and very user-friendly. There are always learning modules, seminars, webinars and a community to gain knowledge and insight.
Score 9 out of 10
Vetted Review
Verified User
Review Source
AuditBoard is used by the Internal Audit department of the company, for Ops audit and SOX program. It helps the control and business owners collaborate with IA to complete the audits and SOX requests.
  • AuditBoard allows real-time collaboration between control and business owners and auditors.
  • AuditBoard has a lot of fantastic training sessions and office hours to help users make the most of the product.
  • AuditBoard has great customer service personnel to answer questions and troubleshoot any issues.
  • It would be nice if AuditBoard had more audit templates available for use on Ops Audit.
  • More timely updates for all users on their new features and release notes.
  • More CPE training and round tables for the users.
AuditBoard is a great platform for our organization because it allows real-time collaboration between the owners and auditors, plus it is very user-friendly. A couple of the features I love are the view that can be tailored by individual users and the dashboard that allows you to easily check the status of different projects.