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KPMG and MindBridge forge global alliance to transform digital audits

KPMG and MindBridge forge global alliance to transform digital audits

Announcing our strategic global alliance

Exciting news, everyone! I’m thrilled to announce that MindBridge has entered a strategic global alliance with KPMG to revolutionize the audit industry with the power of artificial intelligence (AI). This collaboration marks a significant advancement in the future of audit by harnessing AI for enhanced financial data analysis, risk assessment, and audit quality. We are proud to be part of this game-changing initiative and look forward to bringing advanced AI into KPMG firms’ digital audits worldwide.

KPMG Clara integrates MindBridge’s advanced AI technology

Through this alliance, KPMG’s digital audit platform, KPMG Clara, will now use MindBridge’s advanced AI technology to enhance audit quality and provide deeper organizational insights. This integration enables auditors to detect unexpected or high-risk transactions in advance, leading to more transparent, visible, and explainable audits. 

Moreover, employing AI capabilities puts the potential for continuous auditing within reach, which could revolutionize the audit of the future by enabling auditors to analyze transactions in real time and identify issues as soon as they occur, thereby reducing the risk of material misstatements.

Empowering the next generation of auditors

Audit is a rapidly evolving industry, and with the integration of MindBridge’s innovative AI audit technology, the next generation of auditors will be better equipped to meet emerging challenges and deliver enhanced audit quality.

KPMG’s longstanding commitment to training and upskilling the next generation of auditors in innovation, data analytics, and AI technology is exemplified by the launch of KPMG Digital Academy in 2018, an industry-first and only one of its kind program in Canada.

Setting a new standard for AI-led auditing

This alliance marks a major milestone in our mission to provide best-in-class technology to support the audit industry and set a new standard for cohesive data science and AI-led auditing capabilities. Our alliance with KPMG is a testament to the step change we are leading in the modernization of the audit industry. 

MindBridge’s technology, integrated into KPMG Clara, provides comprehensive and thorough analysis of clients’ financial data, identifying risks at a transactional level across complex businesses.

A synergistic alliance for growth

Our alliance with KPMG has not only contributed to the evolution of the audit industry but also significantly benefited MindBridge as a company and technology provider. Collaborating with KPMG, a global leader in professional services, has allowed us to enhance our AI technology and gain valuable insights into the complexities and demands of the auditing world. 

This synergy with KPMG has enabled us to grow as a company, and our combined efforts have strengthened our commitment to delivering innovative solutions that empower auditors, accountants, and financial professionals to excel in their work.

What this means for you

So, what does this mean for you? It means you can trust that your audits will be more transparent and explainable than ever before. It also means that you can expect auditors, accountants, and financial professionals to be more effective and efficient in their work.

I can’t overstate how excited and honored we are to be at the forefront of this transformational change.

To learn more about KPMG and MindBridge, please visit auditinnovation.kpmg or mindbridge.ai.

Thank you for your support!

Leyton Perris
Chief Executive Officer and President, MindBridge