Seven Reasons to Hire Allenvision We believe that your success growth is mutually beneficial. We offer strategic insights and process to jointly determine what needs to be done. Unlike many consultants who...
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...
One of the perhaps the most obvious and yet still most consistently recurring municipal corruption related problems for local governments is conflicts of interest, possibly due to the many and...
It’s important to note that an unusual transaction depends on the context. An unusual transaction for one company might be completely normal for another company. The internal audit team has a...
We believe in the analysis of 100% of transactions to detect anomalies and not in the sampling of data. We also believe that sensible business rules based controls can help,...
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...
Yes. CAS 240 is the Canadian Audit Standard that deals with the risk of management override of control. This standard needs to be met in all financial audits regardless if the...
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...
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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.