Protiviti and AuditBoard Form Strategic Alliance to Deliver Industry's Best Internal Audit Experience
LOS ANGELES, May 30, 2019 /PRNewswire-PRWeb/ -- AuditBoard, the leading cloud-based platform for automating and transforming the way enterprises manage critical risk, audit, and compliance work, today announced a strategic alliance with Protiviti, a global consulting firm with deep expertise in internal audit. Through the partnership, the companies will collaborate to provide organizations with a comprehensive solution for advancing their internal audit initiatives.
As part of the alliance, Protiviti and AuditBoard will be working together to empower internal audit teams, including integrating Protiviti's KnowledgeLeader templates into the AuditBoard platform; providing advanced training and consulting to AuditBoard's client base; expanding on the educational tools and resources available to auditors; and co-hosting knowledge transfer sessions where audit and compliance leaders can share ideas and learn best practices.
According to Protiviti's 2018 Sarbanes-Oxley (SOX) Compliance Survey, nearly two-thirds (63 percent) of companies are still not using technology tools in the testing of their controls to comply with SOX Section 404. "Internal audit is still behind in automation and transparency. By coupling Protiviti's deep expertise in internal audit with AuditBoard's SOX and operational audit platform, we see a rich relationship that truly advances technology and makes it accessible and critical for all internal audit teams," says Brian Christensen, Protiviti's Executive Vice President of Global Internal Audit.
This alliance is an extension of the existing relationship between the two companies, which had been focused primarily on the annual Protiviti SOX Benchmarking Survey. While the initial agreement expands each company's expertise, it also represents a unique opportunity to leverage experience and technology for countless other risk opportunities.
"We are thrilled to expand our strategic relationship with Protiviti," said Jay Lee, Co-Founder and President of AuditBoard. "With this powerful combination of software, thought leadership, and consulting, we are uniquely positioned to lead and enable enterprises to redefine internal audit's value. It's not a matter of keeping pace with digital transformation, it's a matter of leading the charge and providing expertise to the organization. We look forward to working with Protiviti to continue to help to empower enterprises to manage risk so that their businesses are able to thrive."
About AuditBoard
AuditBoard is the leading cloud-based platform transforming the way enterprises automate, collaborate and report in real-time on critical risk, audit and compliance workflows. AuditBoard offers a full suite of easy-to-use audit management and compliance solutions for SOX, operational audits, compliance, and workflow management. AuditBoard's clients range from industry-leading pre-IPO organizations to Fortune 50 companies looking to streamline their audit functions. For more information: http://www.auditboard.com.
About Protiviti
Protiviti is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Through its network of more than 70 offices in over 20 countries, Protiviti and its independently owned Member Firms provide clients with consulting solutions in finance, technology, operations, data, analytics, governance, risk, and internal audit. For more information: http://www.protiviti.com.
Named to the 2019 Fortune 100 Best Companies to Work For® list, Protiviti has served more than 60 percent of Fortune 1000® and 35 percent of Fortune Global 500® companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. Protiviti is a wholly owned subsidiary of Robert Half. Founded in 1948, Robert Half is a member of the S&P 500 index.
SOURCE AuditBoard
