WINTER 2020/21
What's new in MindBridge
Our last update of the year lets you answer new questions by introducing a whole new dimension of how risk is surfaced and calculated across your ledger data — risk by assertion.
Increased ability to slice and dice to get the answers you need
The latest release builds upon a series of releases designed to work together to:
- Increase what you can do with MindBridge’s risk score
- Look at it from a number of different perspectives.
Assessing risk and performance across cost center, subsidiary, transaction type ensures you’ve got the information you need when you need it. This could be an early warning system for your audit, it could better equip you to prepare a business for sale, or simply help you sleep at night knowing the numbers are reliable.
A risk score for audit assertions
Fifteen brand new assertion risk scores have been included for general ledger analysis to help you better assess how risk breaks down across the various audit assertions, down to the entry-level.
Along with these new risk scores, a new dashboard to help you quantify the risk by assertion for any account or class of transactions has been added.
Financial audit workflow
We have updated the flow of information within general ledger analysis to better reflect a typical audit workflow. You will land on the financial statements view, which will provide a high-level snapshot utilizing an interactive balance sheet and income statement. Subsequent tabs will display a more granular view of your data as you move along.
Data import enhancements
Importing adjusted, reclassification, and elimination entries into an existing general ledger analysis provides you with the most accurate results at the end of period. Use the adjustments toggles to quickly and easily view your financial statements, trends and ratios with or without adjustments applied.
Looking for previous updates?
View our releases and change log for more information.