ISA 315 (revised) and Data Analytics: Risk assessment procedures reimagined Once again, the ISA 315 Audit standards have been revised. We’ve waited for this since the initial revisions were published in May 2020, as these updates will surely affect next year’s busy season, and the audit industry for years to...
INTERVIEW WITH Stephen McIntosh Tax consultant, auditor, INTARIA AG In July of 2020, MindBridge took another step in the journey to global expansion. Partnering with Regensburg-based startup, 5FSoftware, MindBridge’s software solution is now being distributed to firms in the German and Austrian markets. This is a major development that will...
An auditor can view themselves as many different personas, but up until recently ‘audit data analyst’ was not one of those personas. The truth is, I’ve always thought that this was a bit of an unfair position for auditors. For as long as I have been involved in the accounting and finance...
For most auditors, surviving another audit busy season can be a rough ride. Between the 60-80-hour workweeks and the constant pressure to meet deadlines, there’s little time to rest, gather with family or friends, or enjoy personal hobbies. The reality is that stress is at an all-time high during the...
Have you noticed that no one really calls it a “smartphone” anymore? It’s just a phone. The fact that it is “smart” is a given — it’s phone 1-0-1, it’s the least possible useable thingy (aka minimum viable product), it’s the baseline for customer experience. No longer do phone users...
MindBridge is proud to sponsor this year’s virtual Digital Accountancy Forum. The forum brings together leading accounting firms, industry bodies and regulators, advisors and consultancies, law firms, and tech vendors to discuss and challenge key issues impacting the sector. On top of providing an opportunity to connect and network all day...
Yesterday saw the Digital Accountancy Forum return for the ninth year, but it was the first year our MindBridge team has been involved. The packed agenda, including a session from our Founder and Chief Impact Officer, Solon Angel and a panel discussion involving our Director of Growth Europe, Stuart Cobbe,...
An outlook on audit software trends in 2021-2022 In recent years, demand for accounting and audit software has been on the rise. Mostly, accounting professionals are looking for ways to speed up routine tasks and focus on what matters most—providing clients with valuable business insights and guidance on financial strategy....
Artificial intelligence (AI) and machine learning (ML) technologies can streamline traditional audit procedures for Accounts Receivable (AR) and Accounts Payable (AP) in audits of financial statements. This blog will consider applications of AI and ML technologies using the MindBridge platform for both substantive analytical procedures as well as detailed testing...
Internet companies have been driven by data for decades. For instance, Amazon was using basic AI systems over 20 years ago. Netflix, Microsoft, Google and many others have dominated their categories by using a data and algorithms-first approach. Yet when we look at the accounting world, many still believe that data...
ISA 315 revised: What it means for risk assessment procedures, and data analytics
Digital auditing tools and AI in auditing practice: A conversation
From person to machine: The role of audit data analysis
Tools and tips for the audit busy season
What is AI auditing?
The Digital Accountancy Forum 2020: Restoring trust in auditors with AI
Leading the way with Ai Auditors: Themes from the Digital Accountancy Forum 2020
What to expect from audit software in 2021 to 2022
Leveraging AI for your substantive procedures for Accounts Receivable and Accounts Payable
A better approach to journal entry testing: Audit analytics automation