Draft:AuditBoard
| Submission declined on 21 June 2025 by Anerdw (talk). Your draft shows signs of having been generated by a large language model, such as ChatGPT. Their outputs usually have multiple issues that prevent them from meeting our guidelines on writing articles. These include:
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
Comment: Most of the links 404. The Axios one doesn't even mention the Fortune 500. Anerdw (talk) 02:23, 21 June 2025 (UTC)
| Company type | Private |
|---|---|
| Industry | Enterprise software, SaaS |
| Founded | 2014 |
| Founders | Daniel Kim, Jay Lee |
| Headquarters | Los Angeles, California, U.S. |
Key people | Scott Arnold (CEO) |
| Products | Risk management, audit software, compliance tools |
| Owner | Hg |
| Website | auditboard.com |
AuditBoard is an American cloud-based SaaS (Software-as-a-Service) platform that provides software for audit, risk, and compliance management. Founded in 2014, the company serves enterprises in the management of internal audit processes, risk assessments, IT compliance, and environmental, social, and governance (ESG) initiatives. AuditBoard's products are used by over 2,000 organizations across a range of industries, including approximately half of the Fortune 500.[1]
History
[edit]AuditBoard was founded by former PricewaterhouseCoopers and Ernst & Young Global Ltd. auditors, Daniel Kim and Jay Lee.[1] The two founders grew up as middle school friends in Cerritos, Calif.[2] The company is headquartered in Los Angeles, California. AuditBoard's current Chief Executive Officer is Scott Arnold.[1]
In 2018, the company raised $40 million in a funding round led by Battery Ventures to expand sales and marketing and product development efforts.[2]
Acquisition
[edit]In May 2024, AuditBoard was acquired by London-based private equity firm Hg for approximately $3 billion. The acquisition was aimed at advancing product innovation and international expansion.[1]
Products
[edit]AuditBoard offers cloud-based modules to manage:
- Risk-based audits
- Governance, Risk Management, and Compliance (GRC) functions
- Internal audit workflows
- Enterprise risk management (ERM)
- IT risk and compliance (ITRC)
- ESG program oversight
According to the company website, the AuditBoard platform is designed to integrate with external BI and visualization tools like Power BI and Tableau. It can also integrate data from platforms like Oracle, NetSuite, Workday, Paylocity, AWS, Microsoft Azure, and Google Cloud.[3]
AI initiatives
[edit]In 2025, AuditBoard introduced advanced generative‑AI features to its internal audit platform, unveiled at the Great Audit Minds conference.[4] The features include:
- AI‑Scoping Memos — automatically produce detailed audit scopes based on risk, processes, and work steps.
- AI‑Cross‑Audit Summaries — consolidate findings across audits into executive summaries.[4]
In April 2025, the company launched its artificial intelligence functions known as AuditBoard AI. The functions are aimed at improving the efficiency of audit and risk management teams.[5]
Recognition
[edit]AuditBoard has been ranked Number 1 on the G2 Top 20 Audit Management Software rankings with an over G2 satisfaction score of 99.[6] In 2025, The Cloud Awards named AuditBoard as the Best in Information Security (Infosec).[7]
See also
[edit]- Governance, risk management, and compliance
- Sarbanes–Oxley Act
- Risk management
- Software as a service
- Enterprise software
References
[edit]- ^ a b c d "AuditBoard Sells for $3 Billion". Los Angeles Business Journal. 2024-06-10. Retrieved 2025-06-23.
{{cite web}}: CS1 maint: url-status (link) - ^ a b "With $40 million for AuditBoard's risk and compliance toolkit, LA's enterprise startups notch another win". TechCrunch. 2018-08-15. Retrieved 2025-06-23.
- ^ "AuditBoard integrations". AuditBoard. Retrieved 2025-06-24.
- ^ a b "AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform". CPA Practice Advisor. 2025-03-10. Retrieved 2025-06-24.
- ^ Franzen, Carl (2024-04-26). "AuditBoard upgrades its risk management platform with built-in LLM descriptions". VentureBeat. Retrieved 2025-06-26.
- ^ "The Top 20 Audit Management Software". G2.com. Retrieved 2025-06-24.
- ^ "2025 Security Award Winners". The Cloud Awards. Retrieved 2025-06-25.
- in-depth (not just brief mentions about the subject or routine announcements)
- reliable
- secondary
- strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.