AuditBoard unveils AI-powered features for internal audit

AuditBoard, a provider of cloud-based software for audit, risk, ESG, and information security management, has announced new AI-driven capabilities for its platform. The announcement was made at the 2025 Great Audit Minds conference in Orlando, Florida. The new features are designed to enhance efficiency and allow auditors to focus on more strategic tasks.

The introduction of these AI features aligns with a growing trend of internal audit teams incorporating AI into their workflows. A report by the Internal Audit Foundation (“2025 North American Pulse of Internal Audit”) found that 40% of respondents are currently using generative AI, and 65% plan to increase their use of the technology. AuditBoard emphasizes that its platform maintains stringent security and privacy standards while enabling customers to automate repetitive tasks. The new AI-powered capabilities include:

• AI scoping memos: This tool automatically analyzes the scope of an audit and generates a structured memo, considering factors like risks, key processes, and worksteps. The goal is to ensure comprehensive coverage and consistency, with users retaining the ability to edit the generated document.
• AI cross-audit summaries: This feature uses AI to create executive-level summaries of multiple audits, consolidating context, findings, and trends into a single report. This is intended to save time, reduce manual effort, and provide clear, actionable insights.

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In addition to the generative AI features, AuditBoard also announced enhancements to its workflow automation and reporting capabilities:

• Next gen reporting platform: A redesigned reporting platform with features like a smart bookmarking system, formula-based custom calculations, role-based permissions, direct action capabilities from dashboards, improved field display naming, and enhanced clone maintenance.

AuditBoard’s Chief Technology Officer, Happy Wang, stated that these enhancements aim to reduce manual work and allow auditors to focus on more strategic activities, ultimately adding more value to their organizations. Customer testimonials and analyst commentary are offered as support for the benefits of automating audit.

Featured image credit: AuditBoard