Latest news with #AuditBoard
Cision Canada
21-05-2025
- Business
- Cision Canada
AuditBoard Expands Into Germany to Empower Enterprises to Modernize Risk Management
Localized support for AuditBoard's governance, risk, and compliance (GRC) platform delivers enhanced collaboration, business outcomes MUNICH, May 21, 2025 /CNW/ -- AuditBoard, the leading global platform for connected risk transforming audit, risk, and compliance, today announced that its award-winning solutions are now available to help German enterprises drive their risk programs forward. With this move, AuditBoard will provide localized support for its rapidly growing customer base in Germany, helping risk teams modernize their processes, collaborate more effectively, and deliver greater value for their organizations. Germany marks the latest European market to receive dedicated support from AuditBoard, signifying the company's commitment to serving its expanding customer community in the region. The announcement came at AuditBoard's Audit Leadership Summit, a gathering of top German internal audit executives and experts in Munich. "We are very grateful for AuditBoard's commitment to providing localized services in Germany," said Dr. Sonja Bartels, SVP, Internal Audit Intelligence and Steering at Uniper SE. "The expansion will enable stronger collaboration and a more nuanced understanding of the German market's specific needs, ultimately empowering our internal audit team to provide greater value to the business." "German enterprises can turn the complex risk landscape into a competitive advantage by strategically modernizing their approach to risk management," said Scott Arnold, Chief Executive Officer at AuditBoard. "AuditBoard's localized support was built specifically for the unique needs of businesses in one of the world's largest economies so teams can boost collaboration, break down silos, and leverage risk insights to enhance efficiency and improve business performance." The announcement comes as German organizations face a uniquely complex landscape, marked by robust and proliferating national regulations and European Union directives. Operational silos and manual processes prevent internal audit and governance, risk, and compliance functions from navigating these challenges effectively. A recent joint survey of over 230 German internal audit leaders fielded by Panterra in partnership with AuditBoard found only 46 percent of German companies report having unified leadership over audit and GRC functions, which can lead to fragmentation and inefficient communication. In addition, only 27 percent of respondents reported using shared platforms for efficient real-time information sharing. This lack of alignment significantly slows response times to emerging risks, potentially interrupting business continuity, damaging customer trust, and impeding growth initiatives. AuditBoard also recently appointed Philipp Verhoeven as its Director of Sales and Head of Germany to lead the expansion of the business and oversee the growing German team. "It is an honor to join AuditBoard to help address the specific challenges German audit and risk teams face every day," said Philipp Verhoeven. "Our customers are at the center of everything we do, and I believe there is a tremendous opportunity for us to help German audit, risk, and compliance teams drive meaningful change for their companies." This expansion comes as AuditBoard's rapid global growth and innovation continue. The company now serves over 50% of the Fortune 500, was named to the Deloitte Fast 500 list for the sixth consecutive year, and was acquired in mid-2024 by London-based Hg for over $3B in one of 2024's biggest VC-backed PE transactions. AuditBoard's connected risk platform has been named one of G2's Best Software Products for two consecutive years, received a Cybersecurity Breakthrough Award as the Overall Best Risk Management Solution in 2024, and was named the top Platform as a Service by the 2024 Stratus Awards. For more information about AuditBoard's expansion into Germany, visit 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.
Yahoo
21-05-2025
- Business
- Yahoo
AuditBoard Expands Into Germany to Empower Enterprises to Modernize Risk Management
Localized support for AuditBoard's governance, risk, and compliance (GRC) platform delivers enhanced collaboration, business outcomes MUNICH, May 21, 2025 /PRNewswire/ -- AuditBoard, the leading global platform for connected risk transforming audit, risk, and compliance, today announced that its award-winning solutions are now available to help German enterprises drive their risk programs forward. With this move, AuditBoard will provide localized support for its rapidly growing customer base in Germany, helping risk teams modernize their processes, collaborate more effectively, and deliver greater value for their organizations. Germany marks the latest European market to receive dedicated support from AuditBoard, signifying the company's commitment to serving its expanding customer community in the region. The announcement came at AuditBoard's Audit Leadership Summit, a gathering of top German internal audit executives and experts in Munich. "We are very grateful for AuditBoard's commitment to providing localized services in Germany," said Dr. Sonja Bartels, SVP, Internal Audit Intelligence and Steering at Uniper SE. "The expansion will enable stronger collaboration and a more nuanced understanding of the German market's specific needs, ultimately empowering our internal audit team to provide greater value to the business." "German enterprises can turn the complex risk landscape into a competitive advantage by strategically modernizing their approach to risk management," said Scott Arnold, Chief Executive Officer at AuditBoard. "AuditBoard's localized support was built specifically for the unique needs of businesses in one of the world's largest economies so teams can boost collaboration, break down silos, and leverage risk insights to enhance efficiency and improve business performance." The announcement comes as German organizations face a uniquely complex landscape, marked by robust and proliferating national regulations and European Union directives. Operational silos and manual processes prevent internal audit and governance, risk, and compliance functions from navigating these challenges effectively. A recent joint survey of over 230 German internal audit leaders fielded by Panterra in partnership with AuditBoard found only 46 percent of German companies report having unified leadership over audit and GRC functions, which can lead to fragmentation and inefficient communication. In addition, only 27 percent of respondents reported using shared platforms for efficient real-time information sharing. This lack of alignment significantly slows response times to emerging risks, potentially interrupting business continuity, damaging customer trust, and impeding growth initiatives. AuditBoard also recently appointed Philipp Verhoeven as its Director of Sales and Head of Germany to lead the expansion of the business and oversee the growing German team. "It is an honor to join AuditBoard to help address the specific challenges German audit and risk teams face every day," said Philipp Verhoeven. "Our customers are at the center of everything we do, and I believe there is a tremendous opportunity for us to help German audit, risk, and compliance teams drive meaningful change for their companies." This expansion comes as AuditBoard's rapid global growth and innovation continue. The company now serves over 50% of the Fortune 500, was named to the Deloitte Fast 500 list for the sixth consecutive year, and was acquired in mid-2024 by London-based Hg for over $3B in one of 2024's biggest VC-backed PE transactions. AuditBoard's connected risk platform has been named one of G2's Best Software Products for two consecutive years, received a Cybersecurity Breakthrough Award as the Overall Best Risk Management Solution in 2024, and was named the top Platform as a Service by the 2024 Stratus Awards. For more information about AuditBoard's expansion into Germany, visit 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. Contact:Laura Groshanspress@ View original content: SOURCE AuditBoard, Inc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
28-04-2025
- Business
- Associated Press
AuditBoard Launches AI Governance Solution to Help Customers Optimize AI Innovation
New solution embeds AI governance into audit and risk platform, strengthens oversight, streamlines compliance, and scales responsible AI adoption SAN FRANCISCO, April 28, 2025 /CNW/ -- AuditBoard, the leading global platform for connected risk, transforming audit, risk, and compliance, today announced a robust new AI governance solution at the RSAC™ Conference in San Francisco, California. This solution enables customers to fast-track their AI risk management programs and drive responsible AI innovation and adoption at scale. AuditBoard's new AI governance solution will help customers meet AI best practices outlined in frameworks like the National Institute of Standards and Technology's AI Risk Management Framework (NIST AI RMF), protecting their organizations from the cyber, reputational, and financial risks associated with noncompliance. 'This solution will help compliance teams address the widespread and urgent need for AI governance we are seeing across all industries,' said Happy Wang, Chief Technology Officer at AuditBoard. 'Our customers can now quickly identify, assess, and mitigate potential risks associated with AI systems, ensuring a more efficient and proactive approach to managing AI.' The growing appetite for AI governance is undeniable as organizations across industries increasingly integrate AI into their processes. A recent survey conducted by AuditBoard and Ascend2 found that 72 percent of audit, risk, and compliance practitioners believe AI will significantly impact their risk management processes. However, while excitement and optimism around AI are palpable, organizations need to strike a balance between embracing AI's opportunities and ensuring they are deploying AI responsibly. Uptake of the technology has been swift, with more than 80 percent of AuditBoard AI customers accepting generative content into their systems of record. To help customers ensure responsible governance of not just AuditBoard AI, but any AI tool or model in their environment, AuditBoard's AI governance solution expedites AI risk management programs and ensures responsible AI usage by: 'My team is responsible for assessing each AI use case at AuditBoard and ultimately giving the green light,' said Anthony Plachy, General Counsel at AuditBoard. 'With the surge in AI tools we are seeing in the market, our use cases across the business have started to increase rapidly. The team was able to build this AI governance solution to help us manage the uptick of requests we have coming in, while ensuring each use case meets our internal AI governance standards. This solution has fundamentally transformed our team's work, and we're confident it will empower our customers to effectively navigate their AI journey.' To see these new capabilities in action, visit the AuditBoard booth at the RSAC conference or visit 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. Contact: Laura Groshans [email protected] View original content: SOURCE AuditBoard, Inc
Cision Canada
28-04-2025
- Business
- Cision Canada
AuditBoard Launches AI Governance Solution to Help Customers Optimize AI Innovation
New solution embeds AI governance into audit and risk platform, strengthens oversight, streamlines compliance, and scales responsible AI adoption SAN FRANCISCO, April 28, 2025 /CNW/ -- AuditBoard, the leading global platform for connected risk, transforming audit, risk, and compliance, today announced a robust new AI governance solution at the RSAC™ Conference in San Francisco, California. This solution enables customers to fast-track their AI risk management programs and drive responsible AI innovation and adoption at scale. AuditBoard's new AI governance solution will help customers meet AI best practices outlined in frameworks like the National Institute of Standards and Technology's AI Risk Management Framework (NIST AI RMF), protecting their organizations from the cyber, reputational, and financial risks associated with noncompliance. "This solution will help compliance teams address the widespread and urgent need for AI governance we are seeing across all industries," said Happy Wang, Chief Technology Officer at AuditBoard. "Our customers can now quickly identify, assess, and mitigate potential risks associated with AI systems, ensuring a more efficient and proactive approach to managing AI." The growing appetite for AI governance is undeniable as organizations across industries increasingly integrate AI into their processes. A recent survey conducted by AuditBoard and Ascend2 found that 72 percent of audit, risk, and compliance practitioners believe AI will significantly impact their risk management processes. However, while excitement and optimism around AI are palpable, organizations need to strike a balance between embracing AI's opportunities and ensuring they are deploying AI responsibly. Uptake of the technology has been swift, with more than 80 percent of AuditBoard AI customers accepting generative content into their systems of record. To help customers ensure responsible governance of not just AuditBoard AI, but any AI tool or model in their environment, AuditBoard's AI governance solution expedites AI risk management programs and ensures responsible AI usage by: Streamlining AI use case intake, review, and approval processes Establishing a single source of truth for approved AI use cases and models to responsibly federate decision-making Dynamically linking AI risks to vendors, assets, and controls to continuously monitor AI risks across ecosystems "My team is responsible for assessing each AI use case at AuditBoard and ultimately giving the green light," said Anthony Plachy, General Counsel at AuditBoard. "With the surge in AI tools we are seeing in the market, our use cases across the business have started to increase rapidly. The team was able to build this AI governance solution to help us manage the uptick of requests we have coming in, while ensuring each use case meets our internal AI governance standards. This solution has fundamentally transformed our team's work, and we're confident it will empower our customers to effectively navigate their AI journey." To see these new capabilities in action, visit the AuditBoard booth at the RSAC conference or 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.
Yahoo
10-04-2025
- Politics
- Yahoo
South Korea probe blames sweeping lapses for World Scout Jamboree debacle
SEOUL (Reuters) - The failure of the World Scout Jamboree hosted by South Korea in 2023 that ended in chaos was the result of a "complete lapse" in all aspects including the incompetence of the organisers and the site selection, a government probe issued on Thursday concluded. Dire conditions including overflowing trash bins, dirty toilets, questionable food quality and a bug-infested site with little shade from the sun led some national contingents to pull out early from an event that the opposition party called "a national disgrace of epic scale." The government's Audit Board in a report found a "complete lapse in all aspects of management including lack of competency and awareness of the organisers exacerbated by poor execution of work led to the failure of the Saemangeum Jamboree." Saemangeum refers to the area of reclaimed land on the country's west coast where more than 40,000 scouts aged 14-18 camped for the event scheduled over 12 days in August 2023. The event, which was attended by representatives from 155 countries, saw hundreds fall ill amid a heat wave, prompting complaints from parents over the safety of their children. The organisers closed down the site early ahead of an approaching typhoon, with thousands of teenage scouts taken by buses to accommodation in and around Seoul to view a hastily arranged K-pop concert. The 542-page report said the organising committee was headed by a retired public servant at the Ministry of Gender who lacked expertise and staffed mostly by personnel without experience working on large international events. The Ministry of Gender, which was supervising the organisers, failed in its role to oversee preparations and made a false report to the cabinet ahead of the opening that the event was ready, it said. Facilities including toilets and showers, power and communication equipment and trash disposal were insufficient and inadequate, and the organisers failed to follow up on questions about preparations, it said. The Ministry of Gender said it accepted the results of the probe and pledged to take any remedial action needed. The organising committee, which the ministry said was in the process of dissolution, could not be reached for comment. The Audit Board referred four individuals for criminal investigation and 12 officials for disciplinary action.
