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.
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.
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
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
An outlook on audit software trends in 2021-2022
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.
When it comes specifically to journal entry testing, most auditors today have been using antiquated approaches and sampling techniques.
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
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
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
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.