How does MindBridge Ai™ increase auditor assurance?
The number of accounting scandals is amazing. Most result in re-stating the accounts and some in major scandals. The issue of regulatory oversight is frequently in the press. However, even with...
The number of accounting scandals is amazing. Most result in re-stating the accounts and some in major scandals. The issue of regulatory oversight is frequently in the press. However, even with...
enhancing professional judgment with faster results and more profound insights MindBridge is bridging the gap between human and artificial intelligence by improving expert understanding across multiple industries. Recent advancements in...
MindBridge Ai Auditor is a revolutionary approach to analyze financial transactions to detect anomalies - unintentional and intentional - by automating manual processes and providing a risk-based assessment to help...
Machine learning is the subfield of computer science. computers have the ability to learn without being explicitly programmed It evolved from the study of pattern recognition and computational learning theory...
At present, the MindBridge Ai-Auditor only 1 GL can be analyzed. It’s ideal to have 12 or more months of data rolled-up into 1 file. Cohort Analysis (ie., analyzing multiple...
Anomaly Detection Traditional analytics rely on rule-based methods for anomaly detection. These decision rules follow simple Boolean logic: if a vendor address matches an employee address and its wire transfer account...
The MindBridge Ai-Auditor machine learning translates every incoming GL into a language the machine understands (the 5 account mapping feature). Because of this translation, the machine is able to understand the...
Existing practices in financial anomaly detection typically use rules-based systems to find breaches of control. An example of such a rule is a transaction amount limit. Using rules-based systems is...
It is often the case that it is not a single transaction that indicates an anomaly but a group of transactions such as a recurring monthly event. As such, normal...
A prudent safeguard is always to consult experts. The MindBridge expert system — MindBridge Ai-Auditor — has been built in collaboration with audit professionals and engaged multiple experts in the...
Below is a comparison of MindBridge versus traditional audit analytics tools. Criteria Traditional Audit Analytics Tools MindBridge Winner Coverage of testing 100% of known areas of interest 100% of known...
This is an excellent approach. Most organizations under 500 employees do not have an internal audit process. It will give you facts to show those who think you are too...
Yes. The financial statement fraud case study shows how traditional audit techniques missed the fraud and MindBridge Ai-Auditor detected it. Download the Case-study-Financial-Statement-Fraud.pdf You can learn about how we use...
Machine learning is the subfield of computer science. computers have the ability to learn without being explicitly programmed There are many machine learning applications. Machine learning evolved from the study...
Everyone has natural strengths; over our lifetime we build...
Responsible leadership requires boards to delve into the...
The pandemic has undoubtedly brought about some...
Launching a new venture is thrilling, but finding the right...
One core principle guides us at Allenvision: accept and...
The enchanting tale of "Beauty and the Beast" isn't just...
In the dynamic landscape of regulatory leadership, technical...
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Kim Allen brings clients a big-picture view that balances innovative thinking with the practical mindset that can only be gained by leading organizations. He draws on his 25+ years of accomplishment as a chief executive in the public, private, regulatory, and association sectors and experience across all major business functional areas. As an agile leader, Kim works with business leaders around the world to build and strengthen governance, strategy, organizational alignment, and operational excellence. Also, he works with clients to find and develop exceptional leaders. Kim cares about the people and understands the bottom line.
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