AI and technology
From person to machine: The role of audit data analysis
Data analysis is a necessary skill for accountants. Are you ready for it? Find out what it takes, and what tech can help you along the way.
December 16, 2020
2020
AI and technology
Tools and tips for the audit busy season
Audit busy season is a drain on auditors everywhere. With the added challenges of remote work, the industry is clambering for help. Our blog as you covered.
December 8, 2020
AI and technology
What is AI auditing?
A well-planned audit is an efficient audit. AI audit can, for example, risk-rate 100% of the transactions in the general ledger and sub-ledgers to produce an aggregated risk profile of the data that makes up the business’ financial statements, facilitating laser-like focus on the areas that matter.
October 27, 2020
AI and technology
The Digital Accountancy Forum 2020: Restoring trust in auditors with AI
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 through the virtual booth, the
October 1, 2020
AI and technology
Leading the way with Ai Auditors: Themes from the Digital Accountancy Forum 2020
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, was full of valuable insight
October 1, 2020
AI and technology
What to expect from audit software in 2021 to 2022
An outlook on audit software trends in 2021-2022
September 28, 2020
AI and technology
Leveraging AI for your substantive procedures for Accounts Receivable and Accounts Payable
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.
September 20, 2020
AI and technology
A better approach to journal entry testing: Audit analytics automation
When it comes specifically to journal entry testing, most auditors today have been using antiquated approaches and sampling techniques.
September 7, 2020
AI and technology
How the new SAS-142 audit evidence standard embraces technology and automation
A new audit evidence standard has been released by the American Institute of Certified Public Accountants (AICPA) that includes significant updates around how technology and automation can be leveraged throughout the audit process. Here, we’ll examine this standard and some of the most significant examples of how the AICPA has explicitly considered the applicability of
July 29, 2020
AI and technology
Assessing audit risk during engagements
Three ways Ai Auditor strengthens your audit planning The determination of where audit risks of material misstatement lie is a critical output of the audit planning process. Usually, identifying those risks is based on the auditors understanding of their client and the client’s operating environment. Auditors can now rely on a data-driven approach to better
July 22, 2020
AI and technology
Don’t get left behind: A case for adopting accounting software
Accounting software trends have impacted the accounting profession in big ways. And in my view, one of the greatest analogies of this impact, and even of the way our team at MindBridge delivers value to our clients, comes from Sam Daish, Head of AI and Data Science at Qrious. A story of three types of businesses In
July 14, 2020
AI and technology
How AI and data can power an effective audit plan
An effective audit starts with a solid audit plan. While the overall audit strategy and plan can vary between clients, an auditor will usually establish risk assessment procedures and a how-to response for the risk of material misstatement. The challenge is that sometimes, even the most thorough and comprehensive audit plans can still have gaps.
July 2, 2020
