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The role and quality of audit have been under the spotlight in recent years following a string of high profile business failures – and the economic implications of COVID-19 have reinforced the need for change. From the initial economic freefall to the role of government financial support and the slow climb back towards business as

Following a string of high profile business failures – and the economic implications of COVID-19 – the role and quality of audit is under the spotlight, with many demanding change. From the initial economic freefall to the role of government financial support and the struggle to get back to ‘business as usual’, balance sheets have

Through the pandemic many finance departments have operated remotely with less oversight than usual. As with any major crisis, this pandemic has created the perfect opportunity for fraudulent activity to thrive. Read more from Stuart Cobbe, ACA

Using AI, public sector organisations can both identify and rectify potential issues before they become a problem, saving valuable money in the process and ensuring these precious public funds are being administered and used effectively. Accountability and transparency are essential for public sector audits. The public sector is under a watchful eye to ensure finances

Significantly large volumes of funds are being handed out to companies and individuals to support them during the pandemic, and it is vital to ensure this support is being used for the purposes intended by government. By expanding the use of technology such as artificial intelligence (AI) within the public sector, auditors can identify and

In this question and answer interview, Nick Levine talks to MindBridge director Rachel Kirkham about how the audit process is likely to change in response to public expectations and technological advances. Read more

After looking into the various options available in the market, MindBridge Ai Auditor, the world’s first AI-powered auditing solution, was selected to enhance the company’s existing auditing capabilities. The solution analyses an organisation’s entire data set, examining all transactions, looking at the monetary flows between accounts, all credits and all debits and most importantly, identifying

In a time when unprecedented volumes of public funds are being distributed for COVID relief programmes, the efficiency of public services has never been more important. From fraud and error detection to the prediction of service disruptions, the variety of data held by government agencies means that they are well positioned to use artificial intelligence –

The potential for fraud has increased with the ongoing Covid-19 pandemic, as finance institutions having to work remotely creates the possibility of fraudulent activity. Read more