Control documentation
Supporting documentation and review of internal controls across business functions.
SOX / Financial Controls
Strengthening financial controls at Udemy
Supporting SOX compliance for a publicly traded global learning marketplace using AuditBoard structured documentation, evidence and audit coordination.
- Client
- Udemy
- Industry
- Online Learning
- Focus
- SOX Compliance Support
- Platform
- AuditBoard
About Udemy
Udemy is a global online learning marketplace that connects millions of learners with expert instructors across thousands of courses. Organizations and individuals around the world rely on Udemys platform to develop new skills and accelerate professional growth.
As a publicly traded company operating at global scale, Udemy must maintain strong financial governance and internal controls to comply with regulatory requirements such as the Sarbanes-Oxley Act (SOX). Ensuring the effectiveness of these controls is essential for maintaining financial transparency, regulatory compliance, and investor confidence.
To support ongoing SOX compliance efforts, Udemy utilizes modern governance and compliance tools to manage internal controls, documentation, and audit workflows.
The challenge
As organizations grow and scale their operations, maintaining visibility into financial controls and compliance processes becomes increasingly complex.
For large organizations like Udemy, SOX compliance involves continuous monitoring of internal controls, proper documentation, and coordination between finance, IT, and internal audit teams.
- Maintaining accurate documentation of internal controls
- Managing audit evidence and control testing
- Coordinating between control owners and audit teams
- Tracking remediation activities and control improvements
- Ensuring audit readiness across multiple business functions
The approach
Udemy adopted AuditBoard, a governance, risk, and compliance platform designed to help organizations manage internal audits, risk management and SOX compliance. Mr.Compliance provided support to help streamline aspects of the SOX audit process using the platform.
Evidence & testing
Assisting with evidence collection and control testing workflows inside AuditBoard.
Stakeholder coordination
Coordinating with control owners to ensure audit readiness across finance, IT and internal audit.
Audit preparation
Organizing audit artifacts within the AuditBoard platform and supporting internal teams during audit preparation.
AuditBoard gives teams a centralized environment to document internal controls, track audit testing and remediation, maintain organized evidence repositories, and improve collaboration between compliance, finance and audit teams.
The outcome
Through the use of AuditBoard and structured compliance workflows, Udemy was able to support its ongoing SOX compliance program more efficiently.
Improved audit coordination
Centralized documentation and control management simplified collaboration between stakeholders involved in the audit process.
Better visibility into internal controls
Compliance teams gained clearer oversight of control testing and evidence management.
Streamlined audit preparation
Organized documentation and workflows helped ensure readiness for external audit reviews.
Strengthened governance processes
The structured approach supported Udemys broader governance and internal control framework.
Modern tools for modern compliance
For large organizations operating in regulated environments, maintaining strong internal controls and governance processes is critical.
By leveraging AuditBoards compliance platform and structured audit workflows, organizations can manage SOX compliance activities more efficiently while maintaining strong financial oversight. Mr.Compliance supported these efforts by helping streamline compliance documentation and audit preparation processes.
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