Landmark business split leads to EY-AuditBoard alliance

Ernst & Young LLP (EY US) has entered into an alliance with AuditBoard, a leading cloud-based audit, risk and compliance management platform, to provide businesses with access to exceptional consulting services and a suite of risk technology services.

This announcement follows news of the global 13,000 partner vote to break the EY business into separate audit and advisory firms, set to complete early next year.

The EY-AuditBoard alliance provides organizations with resources to help grow, optimize and protect their business through EY risk technology solutions that are integrated with AuditBoard’s cloud-based platform.

Favored by more than 35 percent of Fortune 500 and recognized as a fast-growing and innovative audit, risk and compliance platform, AuditBoard is at the forefront of transforming the risk profession, closing resiliency gaps, and elevating audit, risk and compliance teams to a more strategic position of influence within their organizations.

Kapish Vanvaria, EY Americas risk market leader, said: “Organizations are struggling to reduce the cost of risk and compliance management, especially as they anticipate challenges associated with new environmental, social and governance regulations. In response, clients can now access the latest risk management technology and strategic risk management advisors through the new EY-AuditBoard Alliance.”

Tom Schmit, chief revenue officer, AuditBoard, said: “We’re excited to put the impact of the EY-AuditBoard Alliance to work for our customers as they navigate today’s rapidly evolving risk landscape. This combination of leading consulting experience and innovative technology will elevate and help empower audit, risk, and compliance teams as they address existing and emerging risks.”