As the complexity of data analysis increases, preemptive vs. reactionary capabilities become paramount. Data anomaly detection can help.
Anomaly detection is a powerful technique for detecting fraudulent transactions and behaviors, thanks to financial institutions’ ever-increasing amounts of data.
The explosion of remote work is one of the biggest shifts to come out of the COVID-19 pandemic. Social distancing rules and concerns of employee safety have forced many to settle into working from home. But what does that mean for the future of remote audit, and for the auditing software that makes it possible?
Does your audit methodology need a facelift? When most people think of an auditor, they picture someone working away on a calculator with a gigantic stack of paper beside them. Invoices, transactional documents, payroll documents, let your imagination run wild. The point is, there’s always a stack of paper, albeit some have started to become
The audit industry has seen a bit of a shakeup in the past few years. New technologies, regulator crackdowns, big firms acquiring and merging, and a general push for improved processes and a review of age-old standards are all signs of new things on the horizon for our industry. But while there was a lot
ISA 315 (revised) and Data Analytics: Risk assessment procedures reimagined The revised standard has been published as of December 2020, and you might be wondering what impact it has on your firm’s risk assessment procedures and how you can address the requirements. There are many useful sources of information on the changes, notably the IAASB’s
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.
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.
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.
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
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