#USA #San Francisco #AI Governance #risk management #AuditBoard

AuditBoard Unveils New AI Governance Solution

On April 28, 2025, during the RSAC™ Conference in San Francisco, AuditBoard announced its latest offering, a comprehensive AI governance solution designed to facilitate AI adoption while ensuring robust risk management practices. With the increasing incorporation of AI across various sectors, the need for structured governance is becoming ever more critical. This innovative tool allows organizations to enhance their oversight mechanisms and streamline compliance processes, essential for responsible AI adoption.

The AI governance solution integrates seamlessly into AuditBoard’s established platform for connected audit, risk, and compliance. By embedding governance protocols directly into the AI risk management framework, this tool empowers organizations to quickly ramp up their AI initiatives while adhering to industry best practices, including those outlined by the National Institute of Standards and Technology’s AI Risk Management Framework (NIST AI RMF). This strategic alignment helps businesses safeguard against potential cyber, reputational, and financial risks from noncompliance.

Happy Wang, AuditBoard’s Chief Technology Officer, emphasized the importance of this solution in today's landscape: "Our solution addresses a pressing need for AI governance across industries. Clients can now quickly pinpoint, evaluate, and mitigate risks associated with AI systems, leading to more proactive management of AI."

In a survey conducted by AuditBoard and Ascend2, an overwhelming 72% of audit, risk, and compliance professionals expressed that they foresee significant impacts on their risk management processes due to AI. However, with this excitement comes the necessity to balance innovative opportunities against responsible deployment. The rapid adoption of AI technologies has been evident, with over 80% of AuditBoard's AI customers already integrating generative content into their systems of record.

To further support its clients, AuditBoard’s AI governance solution accelerates risk management processes by:

• - Streamlining the intake, review, and approval processes for AI use cases, making it easier for compliance teams to assess incoming requests.
• - Creating a singular repository for approved AI use cases and models, thereby facilitating better decision-making across the organization.
• - Establishing dynamic linkages between AI risks and associated vendors, assets, and controls, which allows for continuous monitoring of AI risks within the organization’s ecosystem.

Anthony Plachy, General Counsel at AuditBoard, noted how his team is actively engaged in evaluating AI use cases to maintain governance standards: "The uptick in AI tools necessitated a structured approach to manage increasing requests. Our governance solution fundamentally transforms how we operate, enabling us to handle requests smoothly while ensuring compliance with our internal standards."

With growing interest in the solution, AuditBoard invites attendees of the RSAC conference to visit their booth for live demonstrations of the new capabilities. For organizations looking to improve their AI governance strategies, the AI governance solution stands as a pivotal advancement in enhancing compliance and risk management.

In summary, AuditBoard's latest offering showcases a significant step towards responsible AI integration within organizations. As businesses navigate the complexities of AI, robust governance tools will be vital in ensuring favorable outcomes and sustainable growth. More information can be found at AuditBoard.com.

About AuditBoard

AuditBoard aims to be the leading global platform for connected risk, driving innovation in audit, risk, and compliance management. Trusted by over half of the Fortune 500, AuditBoard is consistently recognized for its quality of service and innovation. It has been named one of the fastest-growing tech companies in North America by Deloitte for six consecutive years.