MindBridge’s Ai Auditor platform handles your low-cognitive tasks, from data preparation to reporting, so that you can focus on higher-value work. Ai Auditor uses machine learning and artificial intelligence techniques to find material irregularities in data.
Learn the story of Mike and how he began his journey to excellence in auditing, all while next-leveling his fishing skills.
Meet Mike, a busy and a trusted auditor who loves to fish in his spare time. Mike spends 20 plus unproductive hours in data preparation before starting the audit review. The volume of data and limitations of outdated tools requiring scripting and forces Mike to follow statistical sampling methods that only confirm the likely absence of issues versus finding them.
It is like fishing and assuming that when fish aren’t biting, there are no fish in the lake. Plus, rules-based tests can easily be manipulated to hide material misstatements and irregularities. Then, he found the MindBridge Ai Auditor, the world’s first data analytics and artificial intelligence platform that helps with smart data ingestion. Load and create account grouping automatically with limited user interaction within minutes, complete data analysis, analyze and score every single transaction for unbiased review, improve detection effectiveness, examine and cross-correlate each transaction by multiple machine learning algorithms, including rules, improving the chance of finding material irregularities in some cases by tenfold. High assurance, increase confidence in audit opinions by avoiding the limitations of random selection or statistical sampling of data.
Mike is content. He attained rapid and deeper insights of his clients’ financials and can perform a more focused audit, leaving more free time for fishing.
Accounting roundtable: How we used AI to grow advisory services
Join our industry panel of CPAs that have gone through the diligence and deployment of AI-based solutions to offer new advisory services to clients.
How to grow your advisory services using AI
The future-ready firm must make strategic choices now to evolve their advisory and transaction services before their competition. See how AI supports advisory services and what your firm can do to get there.
3 steps towards AI-enhanced audit by 2020
Artificial intelligence isn’t a dream – over 40 of the US Top 100 are using MindBridge Ai Auditor right now. You’ve heard the news and hype, but do you know how to make AI-enhanced audit a reality for your firm?