Big 4 accounting firm Ernst & Young LLP and AuditBoard, cloud-based audit, risk and compliance management platform, have announced an alliance to provide businesses with access to exceptional consulting services and a suite of risk technology services.

With the increasing costs and complexities of risk and compliance management, enterprises aim to be agile, resilient and cost-effective in managing their regulatory compliance and other emerging risk priorities. 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.

Having been recognized as an innovative, fast-growing 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.

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“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,” said Kapish Vanvaria, EY Americas Risk Market Leader. “In response, clients can now access the latest risk management technology and strategic risk management advisors through the new EY–AuditBoard Alliance.”

“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,” said Tom Schmit, Chief Revenue Officer, AuditBoard. “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.”