TrustRadius Insights
AuditBoard is a comprehensive software solution that has proven invaluable for the Internal Audit Department. Users have found it to be …
Overview
What is AuditBoard?
AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos.
Recent Reviews
Pricing
N/A
Unavailable
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
Would you like us to let the vendor know that you want pricing?
127 people also want pricing
Alternatives Pricing
What is Donesafe?
Donesafe is Health, Safety and Environment software that connects a management system from workers in the field to the management team in the boardroom, Donesafe was acquired by Health & Safety Institute (HSI) in February 2020.
What is SpiraPlan?
SpiraPlan is an enterprise agile project management solution. Some key features include: Requirements Management, Release Planning and Iteration/Sprint Planning. SpiraPlan helps users manage tasks, issues, code, and workflows. Additionally, SpiraPlan includes an enterprise risk management system…
Product Demos
Join the Audit Revolution. SOXHUB is now AuditBoard.
YouTube
Behind the Scenes with AuditBoard at GAM 2018
YouTube
Product Details
- About
- Competitors
- Tech Details
- FAQs
What is AuditBoard?
AuditBoard’s connected risk platform is designed to elevate teams, engage the front lines of a business, and help users leverage risk as a strategic driver. At the heart of the connected risk architecture is a unified data core that centralizes the organization's risks, controls, policies, frameworks, and issues. The core is surrounded by a set of platform capabilities, including collaboration, automation, a workflow engine, business intelligence, and an extensible integration layer. Together, AuditBoard’s unified core and platform capabilities set a foundation for its applications — RiskOversight, CrossComply, OpsAudit, and SOXHUB.
AuditBoard Videos
AuditBoard Overview
Audit Tools for Finance, Compliance, or Risk (AuditBoard, Hyperproof, SAP Audit Management)
AuditBoard Competitors
AuditBoard Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
Frequently Asked Questions
AuditBoard is a cloud-based audit management software solution from the company of the same name in Cerritos.
The most common users of AuditBoard are from Enterprises (1,001+ employees).
Comparisons
Compare with
Reviews and Ratings
(25)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
- Recommendations
AuditBoard is a comprehensive software solution that has proven invaluable for the Internal Audit Department. Users have found it to be highly effective in managing a wide range of audit-related tasks and processes. It serves as a centralized platform for creating and housing risk assessments, audit work documentation, and internal audit reports. Internal auditors can easily document SOX control walkthroughs and testing, track issues to completion, and generate reports for management.
The benefits extend beyond just the internal audit team. Control owners and business units also benefit from using AuditBoard as it streamlines processes, facilitates collaboration with the internal audit department, and enhances efficiency in completing audits and SOX requests. Additionally, the software enables surveying audit clients for feedback, certifying control performance, managing global SOX control owner testing programs, and conducting quarterly disclosure surveys.
Moreover, AuditBoard is not limited to internal audit functions alone. It is utilized by the Risk Management department to address operational audits, risk assessment, and controls within the organization. The IT department finds value in using AuditBoard to monitor compliance frameworks such as ISO and PCI, ensuring adherence to regulatory standards.
Overall, AuditBoard serves as an essential managerial and risk tool for the whole organization. It provides a centralized location for all materials related to internal controls, offers insights to control owners and management about their controls' effectiveness, identifies issues or gaps in the controls process, and allows for certifications of controls on a quarterly basis. The flexibility of AuditBoard also enables users to adapt control language based on specific department or organizational needs, making it adaptable to various types of risks such as SOC, SOX, and operational risks.
Profile Page Feature: Users highly appreciate the profile page feature in AuditBoard, which has been mentioned by several reviewers. They find it convenient and efficient as it allows them to easily document audit testing and attach supporting documents for each test. This feature enhances their editing capabilities, making it easy to update files without deleting and re-attaching them.
Edit Documents Functionality: The option to edit documents as PDF or Excel files on their laptops and then sync them with AuditBoard is greatly appreciated by users. This functionality has been praised by multiple reviewers for significantly improving efficiency and streamlining the process of updating and maintaining documents.
Requesting Supporting Documents: Several users have highlighted the value they see in the ability to request supporting documents from control owners within AuditBoard. They appreciate how this feature facilitates communication and collaboration between different stakeholders involved in the audit process, making it easier to gather necessary information.
-
User-Friendliness: Some users have expressed that the dashboard in AuditBoard could be more intuitive and user-friendly, potentially requiring a learning curve for new users.
-
Handling Large Amounts of Data: Several reviewers have mentioned that modules within AuditBoard may struggle to handle large volumes of data efficiently, which can impact performance and productivity.
-
Customer Support: Users have reported dissatisfaction with the turnover in customer support, leading to inconsistent assistance and slower response times. This highlights the need for improved consistency and responsiveness in addressing user inquiries or issues.
Based on user reviews, the following recommendations have emerged for AuditBoard:
-
Request a demo and speak with existing users to understand the product better. This firsthand information can help potential customers make an informed decision about implementing AuditBoard.
-
Take advantage of training and support resources provided by AuditBoard, such as the AuditBoard Academy, webinars, and conferences. Also, reach out to the support team for any questions or concerns during the implementation process.
-
Clearly define needs and expectations before implementing AuditBoard. This step can help align expectations, optimize the setup, and maximize the potential benefits of using the tool.
Reviews
(1-3 of 3)Companies can't remove reviews or game the system. Here's why
January 11, 2023
AuditBoard - Enhancing internal audit and controls
Auditboard was implemented for our internal audit team at the organization. However, the product was also used for internal controls. Auditboard was mainly used as a way to centralize all of the internal audit and internal controls materials. For example, the product was used to keep and link materials such as risk matrices, test plans, process maps, and other working papers. In addition, there were a lot of other features that were beneficial such as creating dashboards.
- Control documentation
- Dashboards
- Reporting
- Audit Managment
- Maintaining Audit Trail
- More responsive customer support
- Increased functionality of dashboards
- Increased cross integration with other platforms/software
- Dashboards
- Tracking control testing
- Communication of requests/control deficiencies
- Enhanced controls program
- Efficient to use compared to alternatives
- Provides data and statistics to better understand the bigger picture
Auditboard is a unique product that is primarily used for audit and internal controls which made it the best alternative. It provides a way to organize a large amount of testing working papers, provides efficient workflow, and can provide dashboards/reporting statistics to enhance internal audit and internal controls. In addition, this product is extremely useful to communicate with clients when sending out PBC requests and communicating control deficiencies.
January 09, 2023
Great tool for auditors
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
- Audit testing
- Document request
- Share with external auditors
- It helped us complete SOX program
I remember there were a lot of sync issues when I used the internally developed software, but that's probably because a few people were working on the same project at the same time.
I have not come across this issue in AuditBoard
I have not come across this issue in AuditBoard
September 30, 2021
Capable All-In-One Audit Management/GRC System
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.
- We love using workstream for management surveys and certifications. Soon we hope to expand and use it for audit requests and issue corrective action plans and updates.
- The Audit log and previous document versions is very helpful when trying to determine who made edits or restoring a previous version.
- Being able to export audit work and supporting files with one click of the download button is such a time saver.
- When we first purchased AuditBoard, it was cheaper than the previous Audit GRC system we'd been on, annually. This made it an easy sell to the Audit Committee.
- We saved some time during audits at adoption as well because our old system was very slow to open files, save, download, etc. All of that improved with AuditBoard.
When evaluating possible audit system vendors, we allowed audit staff to have a say. Most loved the organized, user-friendly, easy to learn AuditBoard system over all others reviewed. Pricing was also fair and the customer service team is very responsive and helpful.