Draft:AuditBoard
Submission declined on 26 June 2025 by Alpha3031 (talk).
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| Submission declined on 21 June 2025 by Anerdw (talk). This draft's references do not show that the subject qualifies for a Wikipedia article. In summary, the draft needs multiple published sources that are:
Your draft shows signs of having been generated by a large language model, such as ChatGPT. Their outputs usually have multiple issues that prevent them from meeting our guidelines on writing articles. These include: Declined by Anerdw 5 days ago.
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Comment: Please see WP:CORPROUTINE, WP:SERIESA and WP:ORGIND (with additional focus on WP:TRADES) which apply to the sources currently used in the article. Alpha3031 (t • c) 14:43, 26 June 2025 (UTC)
- Comment: Most of the links 404. The Axios one doesn't even mention the Fortune 500. Anerdw (talk) 02:23, 21 June 2025 (UTC)
| Company type | Private |
|---|---|
| Industry | Enterprise software, SaaS |
| Founded | 2014 |
| Founders | Daniel Kim, Jay Lee |
| Headquarters | Los Angeles, California, U.S. |
Key people | Scott Arnold (CEO) |
| Products | Risk management, audit software, compliance tools |
| Owner | Hg |
| Website | auditboard.com |
AuditBoard is an American cloud-based SaaS (Software-as-a-Service) platform that provides software for audit, risk, and compliance management. Founded in 2014, the company serves enterprises in the management of internal audit processes, risk assessments, IT compliance, and environmental, social, and governance (ESG) initiatives. AuditBoard's products are used by over 2,000 organizations across a range of industries, including approximately half of the Fortune 500.[1]
History
[edit]AuditBoard was founded by former PricewaterhouseCoopers and Ernst & Young Global Ltd. auditors, Daniel Kim and Jay Lee.[1] The two founders grew up as middle school friends in Cerritos, Calif.[2] The company is headquartered in Los Angeles, California. AuditBoard's current Chief Executive Officer is Scott Arnold.[1]
In 2018, the company raised $40 million in a funding round led by Battery Ventures to expand sales and marketing and product development efforts.[2]
Acquisition
[edit]In May 2024, AuditBoard was acquired by London-based private equity firm Hg for approximately $3 billion. The acquisition was aimed at advancing product innovation and international expansion.[1]
AI initiatives
[edit]In 2025, AuditBoard introduced advanced generative‑AI features to its internal audit platform, unveiled at the Great Audit Minds conference.[3] The features include:
- AI‑Scoping Memos — automatically produce detailed audit scopes based on risk, processes, and work steps.
- AI‑Cross‑Audit Summaries — consolidate findings across audits into executive summaries.[3]
In April 2025, the company launched its artificial intelligence functions known as AuditBoard AI. The functions are aimed at improving the efficiency of audit and risk management teams.[4]
Recognition
[edit]AuditBoard has been ranked Number 1 on the G2 Top 20 Audit Management Software rankings with an overall G2 satisfaction score of 99.[5] In 2025, The Cloud Awards named AuditBoard as the Best in Information Security (Infosec).[6]
See also
[edit]- Governance, risk management, and compliance
- Sarbanes–Oxley Act
- Risk management
- Software as a service
- Enterprise software
References
[edit]- ^ a b c d "AuditBoard Sells for $3 Billion". Los Angeles Business Journal. 2024-06-10. Retrieved 2025-06-23.
- ^ a b "With $40 million for AuditBoard's risk and compliance toolkit, LA's enterprise startups notch another win". TechCrunch. 2018-08-15. Retrieved 2025-06-23.
- ^ a b "AuditBoard Adds Advanced AI Capabilities to Internal Audit Platform". CPA Practice Advisor. 2025-03-10. Retrieved 2025-06-24.
- ^ Franzen, Carl (2024-04-26). "AuditBoard upgrades its risk management platform with built-in LLM descriptions". VentureBeat. Retrieved 2025-06-26.
- ^ "The Top 20 Audit Management Software". G2.com. Retrieved 2025-06-24.
- ^ "2025 Security Award Winners". The Cloud Awards. 6 May 2025. Retrieved 2025-06-25.
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