MindBridge 
What is SOX Compliance, and Why Does it Matter? The Sarbanes-Oxley Act (SOX) was enacted in 2002 to protect the public from corporate fraud by enforcing strict financial transparency and internal control requirements. It emerged in response to major financial scandals that eroded trust in public companies, positioning SOX compliance as a cornerstone of corporate … Read more
As the world grapples with the transformative forces of Big Data and AI, the audit profession finds itself at a pivotal crossroads. The rise of audit data analytics (ADAs), which uses advanced technology and data tools to analyze large sets of financial and other business data, is helping auditors spot unusual patterns and outliers, allowing … Read more
Empowering Fraud Detection with AI Technology As large organizations face rising fraud risks, traditional fraud detection methods are often insufficient. Rather than replacing existing systems, AI fraud detection enhances and augments them, providing financial professionals with continuous monitoring across all transactions. MindBridge’s AI-driven platform empowers financial professionals to monitor all financial transactions continuously, ensuring no … Read more
In an era where financial complexity grows daily, internal audit teams are facing heightened pressure to maintain compliance, manage risk, and ensure accuracy across vast datasets. Traditional audit methods, while reliable in the past, struggle to keep pace with the evolving demands of modern financial and operational data. AI-powered internal audit software, like MindBridge’s innovative … Read more
In the complex world of audit and assurance, leveraging innovative technology to streamline processes is a necessity. MindBridge AI stands at the forefront of this revolution providing an AI-powered financial risk intelligence platform, designed by auditors for auditors, that transforms traditional audit methodologies into dynamic, precise, and efficient practices. By integrating AI, auditors can achieve … Read more
As financial data grows exponentially, traditional audit methods struggle to keep pace with the sheer volume and complexity. In today’s fast-evolving regulatory environment, relying on periodic, manual audits leaves organizations vulnerable to risk. AI-driven audit automation offers a solution by allowing finance professionals and auditors to continuously monitor transactions, detect anomalies, and ensure compliance in … Read more
AI is not just another tool for finance—it’s the key to unlocking your team’s full strategic potential. As businesses accelerate their AI adoption, finance leaders must prepare to surf the wave or risk sinking. At The MindBridge Conference 2024, Tom Hood, Executive Vice President of Business Engagement & Growth for AICPA & CIMA, delivered a … Read more
In a world where the rapid advancement of artificial intelligence (AI) is reshaping industries, the stakes have never been higher. As MindBridge CEO Stephen DeWitt expressed at the opening of The MindBridge Conference 2024, “The impact of AI on Finance and Audit will be complete. The way it’s done, the capabilities that will be rendered … Read more
Financial professionals are grappling with increasing complexities in governance, risk management, and compliance (GRC), where manual processes are becoming more of a burden than a solution. From time-consuming data analysis to human errors creeping into vital compliance reports, the demands on finance teams are rising faster than outdated methods can keep up. In this landscape, … Read more
As AI reshapes finance and audit, The MindBridge Conference 2024 offers a powerful opportunity to lead this transformation. This free virtual event, happening on September 17-18, 2024, brings together industry leaders from Microsoft, Meta, KPMG, and more to share insights on AI in financial audit and AI-powered finance solutions. Whether you’re looking to earn CPE credits or dive into sessions led … Read more
Joint Interest Billing (JIB) is fundamental yet complex for financial management in the oil and gas industry. At its core, JIB allows multiple stakeholders—often involved in high-stakes projects such as exploration and production—to share expenses and revenues based on their ownership stakes in a joint venture. This billing practice ensures fair cost distribution but also … Read more
Reflecting on the dynamic and transformative discussions at the IIA International Conference 2024 in Washington, DC, it’s clear that the role of internal auditors is evolving rapidly. Here are five crucial insights from the conference that highlight the future direction of the internal auditing profession: 1. The imperative of resilience and adaptability: Astronaut Michael Massimino’s … Read more
