#USA #AI #Orlando, Florida #Internal Audit #AuditBoard

AuditBoard Unveils Advanced AI Enhancements

At the 2025 Great Audit Minds conference held in Orlando, Florida, AuditBoard presented innovative artificial intelligence capabilities aimed at transforming the landscape of internal audits. As a data-driven solution provider, AuditBoard's focus on integrating AI into its workflow has been informed by the latest insights from the Internal Audit Foundation's 2025 North American Pulse of Internal Audit report. This report revealed a substantial shift within the audit community, with 40% of participants already utilizing generative AI in their internal audit processes and another 65% looking to increase its integration.

The Spotlight on AI-Driven Features

The newly introduced AI functionalities stand out as groundbreaking tools that will enable audit teams to execute their responsibilities more efficiently and concentrate on tasks that align with strategic objectives. Key features include:

1. AI Scoping Memos: This feature automates the analysis of audit scopes and generates structured memos that include details about pertinent risks, workflows, and essential processes. This functionality ensures that critical areas are comprehensively addressed while adhering to accuracy standards. Furthermore, users have the flexibility to modify the generated documents as deemed necessary.

2. AI Cross-Audit Summaries: Enabling audit professionals to produce detailed executive-level summaries, this feature synergizes findings, trends, and audit context into a singular, clean report. By eliminating manual data consolidation efforts, this tool empowers teams to gain actionable insights while saving valuable time.

These enhancements complement AuditBoard's commitment to rethinking automation and reporting workflows, driving operational excellence across audit processes.

Innovations in Reporting and Workflow Automation

In addition to AI capabilities, AuditBoard has launched a Next Gen Reporting Platform. This platform enhances reporting efficiency through an improved user interface and comprehensive analytics tools that encourage real-time data insights. Notable features include:

• - A smart bookmarking system with live updates.
• - Formula-based customization capabilities to fit various reporting needs.
• - Role-based permissions to ensure information security.
• - Direct action functionalities that streamline decision-making directly from dashboards.

As Michael Higgins, Director of SOX at The Trade Desk, remarked, "Our team has seen significant improvements in automation and audit quality thanks to AuditBoard's new AI features. We anticipate that these developments will further enhance our auditing processes and contribute positively to our business strategies."

Consultants and analysts have pointed to a broader industry trend of automating audit workflows in response to growing complexities and risks. According to Renee Murphy, Principal Analyst at Verdantix, the era of automated solutions is not just welcomed but required to manage operational efficiency and minimize errors effectively.

AuditBoard’s Chief Technology Officer, Happy Wang, emphasizes the potential of these innovations, stating that they enable customers to embed AI into their auditing culture, significantly reducing time spent on monotonous tasks and allowing professionals to engage in strategic initiatives that yield business value.

Conclusion

The upcoming engagements at the AuditBoard booth in Orlando will showcase these pioneering features to all interested professionals looking to elevate their internal audit functions. For those not attending the conference, further information is accessible via AuditBoard.com, where existing users and new customers alike can explore these capabilities in depth.

In summary, AuditBoard continues to accelerate its role as a leader in cloud-based audit solutions, evidenced by its accolades in the industry and substantial recognition among Fortune 500 companies. As it navigates the evolving demands of audits and risk management, the company holds firm in its commitment to driving clarity and agility with innovative technological solutions.