Big Four firm KPMG
The partnership allows KPMG to offer AuditBoard's cloud-based, AI-powered products to clients as part of its professional services. Clients will be able to benefit from the combination of KPMG's expertise with AuditBoard's platform to manage audit, risk, IT security and ESG programs, amid an environment of tightening compliance requirements and growing corporate risks.
"Today's dynamic risk and compliance landscape requires a modern, cross-functional approach across the enterprise," AuditBoard CEO Scott Arnold said in a statement Tuesday. "By bringing the power of our connected risk platform together with KPMG's renowned professional services, we're able to help organizations gain more visibility into risk and manage it more collaboratively and efficiently."
AuditBoard's products are used by internal auditors, IT compliance teams, external auditors, process owners and executives. It was founded in 2014 by Daniel Kim and Jay Lee, former auditors at PricewaterhouseCoopers and Ernst & Young. It now serves over 2,000 enterprises and generates over
"The sheer pace of emerging risks and regulations has increased the need for companies to modernize audit, risk and compliance programs," Ric Kimball, U.S. service network leader at KPMG's internal audit and enterprise risk practice, said in a statement. "By integrating our professional services with AuditBoard's connected risk platform, enhanced with the latest AI capabilities, organizations can not only benefit from deeper insights and process enhancements but can also derive more value from their risk and compliance programs."
KPMG isn't the first Big Four firm to partner with AuditBoard: Deloitte announced a
