Case Study: Gulfport Energy reduces audit consulting costs by 20-25% with AuditBoard

How Gulfport Energy Expands Audit Capacity by Streamlining Co-Source Onboarding

Gulfport Energy, an independent natural gas-weighted exploration and production company, wanted to redesign its internal audit function so it could spend at least as much time on operational audits as on SOX audits. To support that shift, the company evaluated audit software and selected AuditBoard for its functions, flexibility, and ability to handle both internal users and external consultants.

With AuditBoard’s SOXHUB and OpsAudit solutions, Gulfport Energy centralized documentation in a single source of truth, sped up onboarding for co-source resources and control owners, and improved collaboration across stakeholders. The company also used AuditBoard’s training resources to help business owners use the system, and said the platform reduced SOX and operational audit consulting costs by 20 to 25%, saved at least one on-staff administrative FTE, and let audit staff answer executive and board questions in seconds rather than digging through files.

Gulfport Energy

Eric Wilson

Director of Internal Audit and Chief Audit Executive