logo
AuditBoard & Deloitte Join Forces to Bring Tailored Governance, Risk, and Compliance Solutions to German Market

AuditBoard & Deloitte Join Forces to Bring Tailored Governance, Risk, and Compliance Solutions to German Market

Cision Canada14-07-2025
New alliance brings customised support to shared customers in Germany.
TORONTO, July 14, 2025 /CNW/ -- AuditBoard, the AI-powered global platform for connected risk transforming audit, risk, and compliance, today announced the expansion of its alliance with Deloitte to Germany. This expansion will offer shared customers local support to work more efficiently, stay compliant, and gain important insights into their audit and risk processes.
"We've been extremely pleased with our experience working with AuditBoard and Deloitte," said Andrew van Lelyveld, Senior IT Manager at ArcelorMittal. "We have been able to transform and modernise our controls environment using the AuditBoard platform and partnering with Deloitte."
Following AuditBoard's announcement of its presence in Germany, Deloitte Germany is launching a Center of Excellence to support AuditBoard implementations and deliver accelerated speed-to-value to AuditBoard customers across Europe, the Middle East, and Africa. This certified team will offer clients specialised training, resources, content, and advisory services to fit the specific needs in Germany and beyond.
This partnership comes at a time when organisations are increasingly looking to utilise AI-centric platforms such as AuditBoard as a means to drive improved productivity for their teams. The persistence of manual processes is one of the most significant operational inefficiencies within German internal audit and GRC functions. A recent survey of 232 German internal audit leaders found 66 percent of respondents handle audit planning at least partially manually, reducing the ability to optimise resource allocation and respond quickly to emerging risks. Similarly, over two-thirds of respondents rely on manual or partially manual reporting processes, limiting the timeliness and analytical depth of risk insights provided to leadership.
"This expanded alliance comes at the perfect time to support organisations that focus on transforming their audit and risk practices," said Bert Glorieux, Partner at Deloitte Germany. "With Deloitte's broad industry sector expertise and AuditBoard's innovative technology, German customers can streamline their risk and compliance processes, increase efficiency, and drive better business outcomes."
"This collaboration builds upon the success of the Deloitte and AuditBoard partnership, which has already delivered successful implementations and outcomes to hundreds of enterprise clients who thoughtfully transformed their business to meet the growing need for improved risk management solutions in today's evolving regulatory landscape," said Ravi Patel, Director of Alliances, EMEA, at AuditBoard. "Together, we're dedicated to providing great value to our customers and fostering excellence in audit and compliance in Germany."
AuditBoard's growth is partially attributed to the success of AuditBoard AI, an intelligence layer that powers advanced workflows across audit, risk, and compliance. These capabilities enable teams to save valuable time and focus on areas of greatest impact.
To learn more about how AuditBoard and Deloitte Germany are working together to solve unique challenges in risk and compliance management, visit AuditBoard.com.
About AuditBoard
AuditBoard's mission is to be the category-defining global platform for connected risk, elevating our customers through innovation. More than 50% of the Fortune 500 trust AuditBoard to transform their audit, risk, and compliance management. AuditBoard is top-rated by customers on G2, Capterra, and Gartner Peer Insights, and was recently ranked for the sixth year in a row as one of the fastest-growing technology companies in North America by Deloitte.
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Legal advisory services in Germany are provided by Deloitte Legal. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte's approximately 415,000 people worldwide make an impact that matters at www.deloitte.com/de.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

European company bidding to build a dozen navy submarines seeking partners in B.C.
European company bidding to build a dozen navy submarines seeking partners in B.C.

The Province

time3 hours ago

  • The Province

European company bidding to build a dozen navy submarines seeking partners in B.C.

Canada plans to buy subs 'off the shelf' from an ally's shipyard but is expected to generate substantial domestic participation, particularly in West Coast maintenance. Joachim Schönfeld of Thyssenkrup Marine Systems in downtown Vancouver on Friday. Photo by Arlen Redekop / PNG Canada won't decide who will build new submarines for the Royal Canadian Navy until 2028, but the program is lucrative enough that bidders are already working to shore up suppliers and support, including those on the West Coast. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors In July 2024, then-defence minister Bill Blair unveiled a plan to buy up to 12 new submarines for the navy, capable of patrolling the Arctic. 'When you read up to 12 submarines, then you get really excited,' said Joachim Schönfeld, senior representative in Canada for German-based Thyssenkrupp Marine Systems, one of five potential bidders to the patrol submarine project. 'That is of extreme, extreme interest for the company,' Schönfeld said of the joint German/Norwegian proposal Thyssenkrupp is submitting. The government has not released details about the project's budget, but Postmedia defence journalist David Pugliese reported an estimate would be in the tens of billions of dollars over the lifetime of the vessels. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. Besides Thyssenkrupp, bidders from Spain, France, Sweden and South Korea have responded to Ottawa's request for information, the initial phase of the procurement process. The winner will build the vessels in their home country. Workers at the Thyssenkrupp Marine Systems shipyard fix a bottle of champagne as they prepare the christening of a new submarine at the company's shipyard in Kiel, northern Germany, in 2022. The company is leading a German-Norwegian bid to bid a class of 12 larger, more advanced submarines for Canada. Photo by GREGOR FISCHER / AFP via Getty Images Schönfeld visited Victoria and Vancouver last week to start lining up potential partners in Thyssenkrupp's bid to supply Canada with the same Class 212CD submarine it is developing for Germany and Norway, which uses hydrogen fuel cells to provide long underwater endurance. A significant opportunity lies in developing the West Coast maintenance facility the navy would need for the program, which is what specifically brought Schönfeld to Victoria and Vancouver. 'You cannot start early enough to find the right partners and to prepare everything to be ready when the first submarine will be delivered,' Schönfeld said. This advertisement has not loaded yet, but your article continues below. He said he had plans to meet with existing shipyards, including Seaspan, which already has a close relationship with Thyssenkrupp. Seaspan is building joint support ships for the Royal Canadian Navy based on designs by Thyssenkrupp. 'The very short answer is it's huge,' Dave Hargreaves, senior vice-president at Seaspan Shipyards, said of the potential opportunity. Seaspan is already involved in submarine maintenance as the main contractor for the Royal Canadian Navy's existing four Victoria Class submarines and has built up considerable expertise over the last 15 years. Hargreaves said Seaspan has had close discussions with all five bidders in the competition. He added that they all have somewhat different proposals and levels of experience, but the program as a whole would represent a doubling of the navy's maintenance requirement. This advertisement has not loaded yet, but your article continues below. Hargreaves said the existing maintenance program supports some 250 jobs at facilities in Victoria, which could expand to about 1,000 skilled positions. That would include positions to maintain electronic and electrical systems, steel fabrication and other core systems. 'It will be a significantly larger operation than we have today, so it does represent a significant opportunity for us on the West Coast, most likely in the Victoria area,' Hargreaves said. With a 30- to 40-year design life for the subs, Hargreaves added that such an operation would be long-term, building on Seaspan's work to build vessels for the navy and Coast Guard under the National Shipbuilding Strategy. The submarine program coincides with Prime Minister Mark Carney's commitments to increase defence spending and reduce Canada's dependence on U.S. defence contractors, which has B.C. looking for its own ways of supporting the effort. This advertisement has not loaded yet, but your article continues below. Jobs Minister Ravi Kahlon wasn't made available for an interview Thursday, but the Globe and Mail reported his confirmation that the province will release its own defence industry framework in October. In a statement in response to Postmedia questions, Kahlon said the province 'recognizes the broader challenges facing our nation' when it comes to defending its sovereignty. He referred to the increased focus on defence as a 'timely and strategic opportunity for B.C.' 'Overall, B.C. is uniquely positioned to play a critical role in advancing Canada's defence priorities, offering proven industrial capacity, cutting-edge innovation and strategic geography that together drive national security, economic growth and global competitiveness,' Kahlon said. This advertisement has not loaded yet, but your article continues below. In March, Postmedia's Pugliese reported on a delegation South Korea sent to Ottawa that pitched the newly developed KSS-III submarine in its own fleet as an option, with significant benefits for Canadian industry. It is too early to guess whether any bidder has an advantage, but Schönfeld said Thyssenkrupp Marine Systems will look to 'Canadianize our current supply chain,' as the program advances. Canada anticipates a contract award by 2028 with the first delivery of a submarine by 2035. Schönfeld said Thyssenkrupp is expanding its capacity to build submarines for its own program to build 12 submarines for Germany and Norway. But to underline the company's commitment, he said Norway and Germany have agreed they'll adjust their own delivery schedules to make sure Canada could get its first new Class 212CD sooner than 2035. depenner@ Read More University Local News Local News Sports Op-Ed

European company has 'extreme interest' in bid to build a dozen navy submarines, shores up support in B.C.
European company has 'extreme interest' in bid to build a dozen navy submarines, shores up support in B.C.

Vancouver Sun

time15 hours ago

  • Vancouver Sun

European company has 'extreme interest' in bid to build a dozen navy submarines, shores up support in B.C.

Canada won't decide who will build new submarines for the Royal Canadian Navy until 2028, but the program is lucrative enough that bidders are already working to shore up suppliers and support, including those on the West Coast. In July 2024, then-defence minister Bill Blair unveiled a plan to buy up to 12 new submarines for the navy, capable of patrolling the Arctic. 'When you read up to 12 submarines, then you get really excited,' said Joachim Schönfeld, senior representative in Canada for German-based Thyssenkrupp Marine Systems, one of five potential bidders to the patrol submarine project. Stay on top of the latest real estate news and home design trends. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Westcoast Homes will soon be in your inbox. Please try again Interested in more newsletters? Browse here. 'That is of extreme, extreme interest for the company,' Schönfeld said if the joint German/Norwegian proposal Thyssenkrupp is submitting. The government has not released details about the project's budget, but Postmedia defence journalist David Pugliese reported an estimate would be in the tens of billions of dollars over the lifetime of the vessels. Besides Thyssenkrupp, bidders from Spain, France, Sweden and South Korea have responded to Ottawa's request for information, the initial phase of the procurement process. The winner will build the vessels in their home country. Schönfeld visited Victoria and Vancouver last week to start lining up potential partners in Thyssenkrupp's bid to supply Canada with the same Class 212CD submarine it is developing for Germany and Norway, which uses hydrogen fuel cells to provide long underwater endurance. A significant opportunity lies in developing the West Coast maintenance facility the navy would need for the program, which is what specifically brought Schönfeld to Victoria and Vancouver. 'You cannot start early enough to find the right partners and to prepare everything to be ready when the first submarine will be delivered,' Schönfeld said. He said he had plans to meet with existing shipyards, including Seaspan, which already has a close relationship with Thyssenkrupp. Seaspan is building joint support ships for the Royal Canadian Navy based on designs by Thyssenkrupp. 'The very short answer is it's huge,' Dave Hargreaves, senior vice-president at Seaspan Shipyards, said of the potential opportunity. Seaspan is already involved in submarine maintenance as the main contractor for the Royal Canadian Navy's existing four Victoria Class submarines and has built up considerable expertise over the last 15 years. Hargreaves said Seaspan has had close discussions with all five bidders in the competition. He added that they all have somewhat different proposals and levels of experience, but the program as a whole would represent a doubling of the navy's maintenance requirement. Hargreaves said the existing maintenance program supports some 250 jobs at facilities in Victoria, which could expand to about 1,000 skilled positions. That would include positions to maintain electronic and electrical systems, steel fabrication and other core systems. 'It will be a significantly larger operation than we have today, so it does represent a significant opportunity for us on the West Coast, most likely in the Victoria area,' Hargreaves said. With a 30- to 40-year design life for the subs, Hargreaves added that such an operation would be long-term, building on Seaspan's work to build vessels for the navy and Coast Guard under the National Shipbuilding Strategy. The submarine program coincides with Prime Minister Mark Carney's commitments to increase defence spending and reduce Canada's dependence on U.S. defence contractors, which has B.C. looking for its own ways of supporting the effort. Jobs Minister Ravi Kahlon wasn't made available for an interview Thursday, but the Globe and Mail reported his confirmation that the province will release its own defence industry framework in October. In a statement in response to Postmedia questions, Kahlon said the province 'recognizes the broader challenges facing our nation' when it comes to defending its sovereignty. He referred to the increased focus on defence as a 'timely and strategic opportunity for B.C.' 'Overall, B.C. is uniquely positioned to play a critical role in advancing Canada's defence priorities, offering proven industrial capacity, cutting-edge innovation and strategic geography that together drive national security, economic growth and global competitiveness,' Kahlon said. In March, Postmedia's Pugliese reported on a delegation South Korea sent to Ottawa that pitched the newly developed KSS-III submarine in its own fleet as an option, with significant benefits for Canadian industry. It is too early to guess whether any bidder has an advantage, but Schönfeld said Thyssenkrupp Marine Systems will look to 'Canadianize our current supply chain,' as the program advances. Canada anticipates a contract award by 2028 with the first delivery of a submarine by 2035. Schönfeld said Thyssenkrupp is expanding its capacity to build submarines for its own program to build 12 submarines for Germany and Norway. But to underline the company's commitment, he said Norway and Germany have agreed they'll adjust their own delivery schedules to make sure Canada could get its first new Class 212CD sooner than 2035. depenner@

Michigan auto jobs depend on changing course on tariffs, Whitmer tells Trump
Michigan auto jobs depend on changing course on tariffs, Whitmer tells Trump

Edmonton Journal

time2 days ago

  • Edmonton Journal

Michigan auto jobs depend on changing course on tariffs, Whitmer tells Trump

Article content Under his series of executive orders and trade frameworks, U.S. automakers face import taxes of 50% on steel and aluminum, 30% on parts from China and a top rate of 25% on goods from Canada and Mexico not covered under an existing 2020 trade agreement. That puts America's automakers and parts suppliers at a disadvantage against German, Japanese and South Korean vehicles that only face a 15% import tax negotiated by Trump last month. Article content On top of that, Trump this past week threatened a 100% tariff on computer chips, which are an integral part of cars and trucks, though he would exclude companies that produce chips domestically from the tax. Article content Whitmer's two earlier meetings with Trump resulted in gains for Michigan. But the tariffs represent a significantly broader request of a president who has imposed them even more aggressively in the face of criticism. Article content Article content Materials in the presentation brought Whitmer to the meeting and obtained by The Associated Press noted how trade with Canada and Mexico has driven $23.2 billion in investment to Michigan since 2020. Article content General Motors, Ford, and Stellantis operate 50 factories across the state, while more than 4,000 facilities support the auto parts supply chain. Altogether, the sector supports nearly 600,000 manufacturing jobs, forming the backbone of Michigan's economy. Article content Whitmer outlined the main points of the materials to Trump and left copies with his team. Article content To Grossman, the Michigan State professor, a key question is whether voters who expected to be helped by tariffs would react if Trump's import taxes failed to deliver the promised economic growth. Article content 'Everyone's aware that Michigan is a critical swing state and the auto industry has outsized influence, not just directly, but symbolically,' Grossman said. Article content Article content AP VoteCast found that Trump won Michigan in 2024 largely because two-thirds of its voters described the economic conditions as being poor or 'not so good.' Roughly 70% of the voters in the state who felt negatively about the economy backed the Republican. The state was essentially split over whether tariffs were a positive, with Trump getting 76% of those voters who viewed them favorably. Article content The heads of General Motors, Ford and Stellantis have repeatedly warned the administration that the tariffs would cut company profits and undermine their global competitiveness. Their efforts have resulted in little more than a temporary, monthlong pause intended to give companies time to adjust. The reprieve did little to blunt the financial fallout. Article content In the second quarter alone, Ford reported $800 million in tariff-related costs, while GM said the import taxes cost it $1.1 billion. Those expenses could make it harder to reinvest in new domestic factories, a goal Trump has championed. Article content 'We expect tariffs to be a net headwind of about $2 billion this year, and we'll continue to monitor the developments closely and engage with policymakers to ensure U.S. autoworkers and customers are not disadvantaged by policy change,' Ford CEO Jim Farley said on his company's earning call. Article content Since Trump returned to the White House, Michigan has lost 7,500 manufacturing jobs, according to the Bureau of Labor Statistics. Article content Smaller suppliers have felt the strain, too. Article content Detroit Axle, a family-run auto parts distributor, has been one of the more vocal companies in Michigan about the impact of the tariffs. The company initially announced it might have to shut down a warehouse and lay off more than 100 workers, but later said it would be able to keep the facility open, at least for now.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store