MindBridge Blog
News, Innovations, Events
The Challenges with Sampling and Internal Auditing
We have all heard the story about the cook who has a favorite family recipe that includes cutting the ends off the dough only to later find out it was because the originator of the recipe only had one pan which was too small for the recipe. Cute story for cooking but...
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CPA Firm Taps MindBridge Ai’s technology in Audit as a Competitive Advantage
An interview with Lisa Zimeskal, CPA, Partner, Hoffman & Brobst, PLLP According to a survey from the International Federation of Accountants (IFAC), smaller accounting firms are facing significant challenges. Attracting new clients, keeping up with new regulations and...
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AI Will Not Replace Auditors, but Auditors Using AI Will Replace Those Not Using AI
The more things change, the more they stay the same (at least that is what my mom would say). This wisdom can only be partially applied to the world of auditing. With the explosive growth of (big) data, and with an ever more connected, globalized world, the manner in...
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Coffee With a Professional in Accounting: Taryn Abate
An interview with Taryn Abate, Director, Audit & Assurance — Research, Guidance and Support, Chartered Professional Accountants of Canada I recently met with Taryn Abate, Director, Audit & Assurance - Research, Guidance and Support at Chartered Professional...
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How Gilbert Associates is Leveraging AI to Provide More Value to their Audit Clients
Recent advancements in Artificial Intelligence (AI) and machine learning are ushering in a new era of possibility for the audit function globally. By touching all transactions in a data set, audit firms around the world are using this cutting-edge technology to drive...
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How KNAV is Reimagining Audit Efficiency with Artificial Intelligence (AI)
Today’s audit environment is more dynamic, complex and growing than ever before concerning financial data. The challenges with globalization, the growing Internet, Big Data and ERP systems with multiple touch points fuels the growth of financial data and challenges...
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How a small public accounting firm plans to use Artificial Intelligence (AI) to power audit assurance and risk analysis
Compared to humans, new technologies like Artificial Intelligence (AI) are ideal for automating mundane tasks related to auditing. AI can also verify every transaction and codify human knowledge, enabling auditors to review, analyze and audit more effectively. As big...
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The Impact of Artificial Intelligence and Machine Learning on Financial Services and the Wider Economy
Recently I was invited to participate as a speaker in the Official Monetary and Financial Institutions Forum (OMFIF) podcast focusing on Artificial Intelligence (AI) and machine learning. OMFIF is an independent think tank for central banking, economic policy, and...
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Congratulations, you have been entrusted to be the CEO… Now what?
Becoming a CEO is like becoming a new parent, there is no true user manual to guide you through the unique challenges you will face along the way. You can read a multitude of books about “how to” raise a child, however, there will inevitably be unexpected curve balls...
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Elevating Reasonable Assurance with the MindBridge Ai Auditor™
With the audit season fast upon us, a person stops to think about ‘reasonable assurance’. Audit standards such as AU-C 240, CAS 240 and ISA 240 stipulate that “…an auditor has a responsibility to plan and perform the audit to obtain reasonable assurance about whether...
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