I was enjoying a long successful career of 19 years in the business intelligence and the fintech industry when I met Eli Fathi, CEO of MindBridge Analytics Inc. This is when he introduced me to the Association of Certified Fraud Examiners (ACFE), ‘Report to the Nation’s’ report. On page 21 looking at detection methods I
Auditors love statistical sampling and so does the MindBridge Ai team. Why wouldn’t we—statistical sampling uses the laws of probability to measure sampling risk. We truly believe that statistical sampling largely outperforms judgment sampling. Don’t get us wrong—the experience of a Partner is undisputed and their ability to focus the audit and identify areas of risk
Throughout my investing and business life, I’ve been amazed by the number of accounting scandals and re-statements that have occurred. The issue of regulatory oversight is raised in the press, but even with increased enforcement and higher penalties, a new accounting issue is never far behind, and it’s continued to get worse. Just look at
