The collaboration aims to offer localised assistance for businesses looking to modernise their risk management strategies and improve overall business outcomes.
The partnership has led to EY establishing a Centre of Excellence in the UK, dedicated to delivering customised consulting and integration services for AuditBoard’s customers.
The centre’s primary goal is to assist organisations in updating their risk management approaches.
AuditBoard EMEA Alliances director Ravi Patel said: “Today’s regulatory environment requires teams to prioritise efficiency and agility in their programmes.
“We are thrilled to be able to expand support to EMEA to equip our customers with forward-thinking risk management strategies, ensuring resilience and continuity for their organisations in an unpredictable environment.”
EY UK&I Risk Consulting leader Chris Gallagher highlighted that the alliance, which originated with EY US in 2022, is focused on providing consulting and integration services.
These services are intended to enable businesses to better navigate regulatory complexities and harness technological advancements for better risk management.
EY UK partner and EY UK AuditBoard Alliance lead Hasan Ali said: “The EY–AuditBoard alliance integrates EY’s risk consulting services with AuditBoard’s cloud-based audit, risk, and compliance management platform.
“This alliance offers clients advanced risk management technology and access to strategic advisors, assisting them in preparing for new regulations such as UK corporate reform, controls transformation, and initiating their AI journey.”
In 2023, AuditBoard revealed the expansion of its partnership with EY US, introducing joint offerings specifically designed for internal audit and IT audit teams.
These solutions, developed through a mix of technology and domain expertise, are geared towards making audit teams more agile, efficient, and strategic in managing risks.
