AuditBoard is revolutionizing the internal audit landscape with cutting-edge AI-powered capabilities. Announced at the 2025 Great Audit Minds Conference in Orlando, Florida, these innovations streamline workflows, enhance efficiency, and empower audit teams to focus on strategic initiatives rather than manual tasks.

Key Insights from the Announcement

AI adoption in internal auditing is on the rise. According to the Internal Audit Foundation’s 2025 North American Pulse of Internal Audit Report, 40% of respondents are already using generative AI, while 65% plan to expand its use. Recognizing this trend, AuditBoard has introduced a suite of AI-driven features to support auditors in delivering precise, data-backed insights.

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AuditBoard’s latest enhancements leverage generative AI to automate key processes while maintaining the highest security and privacy standards. These include:

  • AI Scoping Memos – This feature automatically analyzes an audit’s scope and generates structured, detailed memos. By considering key risks, processes, and work steps, it ensures consistency and accuracy while allowing users to refine the document as needed.
  • AI Cross-Audit Summaries – Designed to consolidate audit findings into executive-level summaries, this tool provides clear, actionable insights. It eliminates manual effort, saving time while improving decision-making and risk management.

Enhanced Reporting and Workflow Automation

Beyond generative AI, AuditBoard continues to push the boundaries of workflow automation and reporting with its Next Gen Reporting Platform. This modernized system introduces advanced functionalities, including:

  • A smart bookmarking system that updates automatically
  • Formula-based custom calculations to enhance reporting accuracy
  • Role-based permissions for better data security
  • Direct action capabilities from dashboards
  • Improved field display naming and enhanced clone maintenance

Industry Leaders Praise AuditBoard’s AI Innovations

Industry experts and business leaders are already experiencing the benefits of AuditBoard’s AI-driven enhancements.

Michael Higgins, Director of SOX at The Trade Desk, shared how AuditBoard AI has transformed their workflow: “With automation, our team has streamlined tasks, enhanced audit quality, and boosted efficiency. We are confident these new features will further streamline our audit processes and help us make a greater impact within our business.”

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Renee Murphy, Principal Analyst at Verdantix, emphasized the industry’s shift toward automation, stating, “We have seen a consistent move from manual processes to AI-powered solutions designed to boost operational efficiency and reduce errors. AuditBoard’s new capabilities address a clear market demand for increased automation in internal audits.”

Happy Wang, Chief Technology Officer at AuditBoard, highlighted the broader implications of these advancements: “These innovative enhancements allow organizations to integrate AI into their processes, reducing time spent on repetitive tasks and enabling teams to focus on strategic initiatives. We believe these features will elevate audit teams, helping them build trust and add greater business value.”

FAQs

1. How does AI improve internal audit processes?

AI automates time-consuming tasks like audit scoping and summarization, ensuring consistency, reducing manual effort, and providing more actionable insights.

2. What security measures does AuditBoard implement for AI-driven audits?

AuditBoard maintains stringent security and privacy standards, ensuring that customer data remains protected while leveraging AI to optimize audit workflows.

3. How can AI-driven reporting enhance decision-making?

AI-powered reports consolidate key audit findings into clear, executive-level summaries, helping leadership make informed decisions faster and more effectively.

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