EY and AuditBoard launch UK Centre of Excellence for risk and compliance

AuditBoard has expanded its strategic alliance with EY, introducing a Centre of Excellence in the UK to support organisations as they modernise risk management frameworks and navigate evolving regulatory pressures.

The move builds on an existing alliance between AuditBoard and EY US, which launched in 2022, and will provide UK businesses with tailored consulting and integration services to help them enhance audit, risk, compliance, and ESG management strategies.

Chris Gallagher, EY UK&I Risk Consulting Leader, described the expansion as a step forward in helping organisations tackle growing regulatory complexity.

“We are delighted to announce the alliance with AuditBoard in the UK market,” he said. “This collaboration will focus on bespoke consulting and integration services to empower businesses to navigate complex regulatory environments and effectively leverage technological advancements.”

The UK Centre of Excellence will work with businesses to strengthen risk oversight, improve operational resilience, and ensure compliance with shifting regulatory frameworks, including UK corporate reform and AI governance requirements.

Regulatory Change Driving Demand for Advanced Risk Solutions

With UK corporate reform on the horizon, the demand for technology-driven risk management solutions is increasing. Businesses face mounting pressure to improve internal controls, compliance frameworks, and ESG reporting.

Hasan Ali, EY UK Partner and EY UK AuditBoard Alliance Lead, said the integration of EY’s risk consulting expertise with AuditBoard’s technology will give businesses a competitive advantage in managing compliance and corporate risk.

“The EY–AuditBoard alliance integrates EY’s risk consulting services with AuditBoard’s cloud-based audit, risk, and compliance management platform,” Ali said.

“This collaboration provides clients with 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 Artificial Intelligence (AI) journey.”

AuditBoard has already begun incorporating AI-powered capabilities into its platform to streamline risk and audit processes, enabling businesses to automate time-consuming tasks and improve decision-making.

AuditBoard’s AI-Driven Risk Management Capabilities

The latest AI-powered enhancements to the AuditBoard platform introduce greater efficiency and automation for risk and audit teams.

• AI Scoping Memos – This tool automatically analyses audit scope, assessing key risks, processes, and worksteps to generate structured audit documentation. By reducing manual input, it helps ensure accuracy and consistency across risk assessments.
• AI Cross-Audit Summaries – AI aggregates audit findings, trends, and key insights into executive-level summaries, eliminating manual effort and providing organisations with a clear, actionable overview of their risk posture.

Alongside these AI-driven capabilities, AuditBoard has also launched a next-generation reporting platform to give users greater visibility into risk and compliance performance.

• Next Gen Reporting Platform – Designed for real-time data insights, the platform delivers an intuitive interface, customisable dashboards, and improved automation tools. Features include formula-based custom calculations, role-based permissions, and smart bookmarking for enhanced reporting functionality.

“These enhancements empower customers to embed AI into their audit and risk processes, allowing them to focus on more strategic work,” said Happy Wang, Chief Technology Officer at AuditBoard.

“By automating manual tasks, audit teams can deliver greater value and gain trust across their organisations.”

Expanding Capabilities for a Shifting Risk Landscape

AuditBoard’s alliance with EY marks a significant expansion of its presence in the UK and Ireland, where businesses are contending with increasing regulatory oversight and evolving risk challenges.

Tom Reeson Price, VP, EMEA at AuditBoard, emphasised that businesses must prioritise agility and efficiency in their risk management strategies.

“Today’s regulatory environment requires teams to prioritise efficiency and agility in their programs,” Reeson Price said.

“Expanding our support in EMEA will equip customers with forward-thinking risk management strategies, ensuring resilience and continuity in an unpredictable environment.”