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...
Every organization has business processes which are typically reflected in their accounts in some way. Each business generates revenue which in a basic example is typically the result of a...
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.