AuditBoard Reviews

AuditBoard is a tool for SOX auditing that holds your narratives or flowcharts. You can create control descriptions for your clients and narrative checks for their SOX testing. AuditBoard stores everything online, so you can go back to clients and review the information.  

AuditBoard keeps track of all the test documents online, so everything is there when you're doing interim walkthroughs or quarterly and year-end audits. If we identify any problems, we create an issue in AuditBoard and notify the client. The client can review the matter, and we will have a meeting to decide how to remedy it.

In the old days, we had to go to the client's place and make a PDF copy of the testing sheets, then upload them to our database. We had a bunch of PDF, Excel files, and various other documents stored in directories. There is always a risk that you might lose something or a file could get corrupted. 

The most valuable feature is that everybody can use the same tool. You can give a person permission to use AuditBoard and define their access to the Audit Table. For example, we can allow external auditors or clients to review our completed tests. The clients are attached to specific tests that happen regularly, like inventory counts and asset counts. Debt compliance is only done once annually.

I have used AuditBoard for four years.

AuditBoard is highly stable. It has gone down a few times in the past four years. We contact technical support when that happens, and they usually get us back up in an hour or two.

I rate AuditBoard IT support 10 out of 10. Their customer support is fantastic. 

Positive

We've had various products before, but AuditBoard is so much more advanced. The platform is built by auditors and accountants.

The initial setup is somewhat difficult because it has multiple pieces that need to be stitched together. You have to integrate it with the business unit you want to test if you want to go down from the corporate level to the operational level. 

I believe the license is based on the number of key controls that will be tested regularly. You can also pay extra for additional modules, like risk testing and operational audits, etc. 

I rate AuditBoard 10 out of 10. If you're doing SOX testing, it's the most advanced tool you can buy. You can pay extra for more functionality like online risk testing and operational audits. 

My primary use case is for the audit process. AuditBoard has all the audit steps, including documentation, archiving, and tracking the progress of audits. It is an end-to-end tool for our audit.

It is very user-friendly. I have used other or similar solutions in the past, but it is the easiest to use. It allows me to do many things with self-service and allows me to customize the settings based on my needs. Its user interface is good.

Despite being user-friendly, sometimes it is not easy to find a feature, toggle, or make changes in the system. I need to access multiple setups to make the change in the system, and it needs some improvements in this area.

AuditBoard uses templates and automatic reporting; it would be better if they improve data space and the feature in terms of automated reporting.

I have been using AuditBoard for a year and a half, and I have been using the latest version because it automatically updates.

It is a fully stable solution.

It is a scalable solution.

The support team was always on time and had a quick response time. Although, it requires one or two interactions to get things working on their platform.

It was a smooth process when we implemented the solution and tried to implement the historical data. Regardless, the support I received was responsive.

Positive

It is easy. But when we implemented it, it was not straightforward because we were learning as we were implementing it. As we started using the solution more, it became easy, but it was not super straightforward.

I would rate it a nine on a scale of one to ten, where ten is easy to set up, and one is super difficult.

The initial setup took around two and a half months, from the first meeting to implementation.

It depends on the company's size; it is definitely worth the money.

I have used two other solutions related to audit, and AuditBoard is the best of all. It is very user-friendly and allows me to do self-service. The overall support team is good. If I delete something accidentally, I can recover it easily.

I rate it a nine out of ten.

We have limited access, where we can do the risk assessment, check the evidence, and, if there are any deviations, we can put that remark in a comment. The reviewer will check that from their end. 

In AuditBoard, companies have their own controls. According to ISO 27,001, in the risk assessment part, for example, for HR security, they have onboarding and offboarding. You can figure out how many employees joining and leaving within a month. Once the month is complete, HR uploads the data on AuditBoard, and we will rectify that. We will see how many employees leave the organization during that month. We will cross-verify that active directory user list, where we can compile all the active users and disabled users. If any deviation arises during that risk assessment, we remark in AuditBoard. This remark will automatically notify that respective team member via email. They will update the deviation accordingly. This is the flow of AuditBoard. 

There are lots of features. We like the reviewer and auditor, where they support you if you want to upload evidence. At the same time the reviewer or auditor can also put their remark. 

The solution is user-friendly. It's easy to set up.

You can easily find out how to proceed for reassessment, how to upload that evidence, and how you can put in a remark. Everything is a single console where you can easily track what you need.

It's stable.

The product is scalable. 

They provide a demo to customers to allow them to explore the tools.

Everything is there, and I have no disadvantage to note as of now.

I've been using the solution for one year.

It is stable and reliable. There are no bugs or glitches. It doesn't crash or freeze.

We can scale the solution.

Right now, ten team members are using the solution. It is a governance team.

We've never contacted technical support. The team who installed it would be the people who would reach out if they came across issues. I wouldn't necessarily even reach out to them.

I'm not sure if a different solution was used previously.

The solution is easy to set up and very straightforward. It's not overly complex. 

I'm not sure how long it takes to deploy the solution. A different team manages the process.

I'm not sure about the exact cost of the solution.

We're customers and end-users. 

I'm not sure which version of the solution we are using. 

I'd recommend the solution. It is very user-friendly. Of course, it depends on the budget a company has.

I'd rate the solution nine out of ten.

We use the solution for compliance management and documentation purposes.

The solution has worked as an efficient tool for us. Its ability to share real-time data has helped us well.

The solution's most valuable feature is the ease of accessing historical and real-time data.

They should improve the solution's test sheets feature for ease of use. They should include more features similar to Excel. They should also add a read-only feature so the entire corporation can access the solution. It will be helpful for everyone in the organization.

We have been using the solution for one and a half years.

I rate the solution's stability as a nine. There are only a few times when it dropped down for a bit.

I rate the solution's scalability as an eight. We have 20 users of the solution in our organization. If they add the read-only feature, we will plan to increase the usage.

I have seen demos of Workiva. In comparison, AuditBoard is much smoother.

I have previously used the solution for in-house database management for my company as well. It is a good solution. I recommend it over other solutions and rate it as a nine.