MindBridge 
In this video, Stephen DeWitt, CEO of MindBridge Analytics, and Robin Grosset, Chief Technology Officer, share their perspectives on the transformative year ahead for financial technology. They discuss the challenges posed by the rapid growth of enterprise data, the limitations of traditional oversight methods, and how AI is revolutionizing the accuracy, transparency, and integrity of … Read more
Related party transactions require meticulous oversight to ensure transparency and trust in financial reporting. If not properly accounted for or disclosed, these transactions can often obscure critical information, making it essential for auditors to adopt robust methods. Given the emphasis and importance of these transactions, they can often be time-consuming and tedious. Therefore, efficiency and … Read more
Journal entry testing (JET) is a cornerstone of every financial statement audit, serving as the frontline defense against the risk of management override of controls. No matter who you are or what your client does, there is a default presumption that you always have to perform JET. Yet, the traditional approach to JET is very … Read more
Artificial intelligence (AI) is revolutionizing financial processes, risk management, and internal audits by enabling data-driven decision-making and fostering collaboration across the three lines of defense—management, internal audit, and external auditors. At the MindBridge Conference 2024, industry leaders like Ryan Mitchell (Chevron), Chris Swanson (Polaris), and Mark Stone (Sealed Air), alongside moderator Michelle Alexander, shared how … Read more
If recent years have taught us anything, it’s that uncertainty is the only constant, and enterprise risk management should be more than an afterthought. Plus, the increasing regulatory demands, vast amounts of data, and the pressure to ensure compliance, all put additional pressure on finance teams. Enterprise risk management tools can assist companies that want … Read more
When thinking of financial auditing, many see it as a difficult process with a lot of sensitive data and potential issues along the way. There’s no shortage of technologies meant to help auditors, yet the process doesn’t always feel easy. Anomalies in data, inaccuracies, and even subtle fraud attempts are all things traditional audit methods … Read more
A financial audit is one of the most complex and challenging tasks in modern finance. Audit risk—the risk that an auditor fails to spot mistakes in financial statements—is a problem any auditor, no matter how experienced, can face. Audit risk detection is crucial for businesses as it helps identify inaccuracies and potential fraud in financial … Read more
Anomaly detection in financial data involves identifying unusual patterns or behaviors that deviate from expected norms. It is essential for detecting potential risks, such as fraud, policy violations, or inefficiencies, enabling organizations to take proactive measures to safeguard their operations. However, identifying financial anomalies is no simple task. These irregularities can be deeply embedded within … Read more
In today’s dynamic financial landscape, performing substantive analytics has become increasingly complex. Auditors face mounting pressures from quality control and regulatory requirements to evaluate large volumes of data efficiently while maintaining accuracy and ensuring compliance. Traditional audit methods often fall short, relying on manual processes that lack scalability and fail to provide deep insights into … Read more
Auditors face increasing pressure to deliver high-quality audits with tight deadlines and limited resources. The growing complexity of financial transactions requires a smarter, data-driven approach to risk assessment. MindBridge’s AI-powered platform enhances audit efficiency, supports intentional analysis, and empowers auditors to manage risk more effectively. Traditional risk assessments often rely heavily on qualitative methods, which … Read more
In the rapidly evolving landscape of financial governance, 2024 proved to be a year of monumental shifts. From the accelerated adoption of generative AI to increasing geopolitical instability, the challenges faced by auditors, CFOs, and other financial professionals have never been more complex—or more critical. During our recent MindBridge webinar, “2024 Risk Recap: Major Events … Read more
Financial scandals are dominating headlines with increasing frequency, affecting organizations of all sizes—from multinational corporations to fast growing startups. No company is immune to the risks of fraud or financial reporting errors. The consequences go far beyond financial losses; they undermine trust, tarnish reputations, and shake investor confidence. No business wants its name associated with … Read more
