Deloitte & Touche announced a strategic alliance with audit technology provider AuditBoard in conjunction with AuditBoard’s user conference this week in Los Angeles.
The alliance combines AuditBoard’s cloud-based audit, risk and compliance software with Deloitte’s Sarbanes-Oxley and internal controls advisory services to provide risk management, SOX compliance, internal audit and controls management to clients.
AuditBoard’s products are used by internal auditors, IT compliance teams, external auditors, process owners and executives to automate, manage, collaborate and report on risk and control data.
Deloitte too has been leveraging technology to automate financial governance and help executives get a better understanding of their current state of controls, spot trends, identify opportunities, and change behavior. For private companies planning an IPO or a SPAC transaction, Deloitte is helping them build a SOX readiness program, while for existing issuers, Deloitte is assisting with operating model transformation, process enhancement and technology.
“This strategic alliance combines the power of our audit, risk, and compliance platform with Deloitte’s deep audit and advisory domain experience, providing extended value to our shared customers,” said AuditBoard president and CEO Scott Arnold in a statement Tuesday. “We put our customers at the center of everything we do, and this exciting relationship is another example of how we’re working to elevate and empower them, in collaboration with one of the most respected names in the industry.”
Deloitte and AuditBoard are combining their services and technology. “Our professional services integrate with AuditBoard’s advanced audit, risk and compliance management technology to provide more effective and efficient solutions for our clients,” said Ashok Parmar, a partner within Deloitte & Touche LLP’s Accounting Advisory & Transformation Services practice in a statement.