With the rise of generative AI tools like ChatGPT, creating realistic fake invoices has become disturbingly easy. What once took hours of manual forgery can now be executed in seconds—at scale. For auditors, that changes everything. The Problem: Fake Invoices Are Undermining Trust Invoices have long been considered one of the most trusted forms of audit evidence. … Read more
Transforming the Year-End Close with AI Year-end accounting isn’t just about closing the books—it’s an opportunity to uncover financial insights, identify risks, and strengthen compliance. Yet, for many finance teams, this process remains manual, error-prone, and time-intensive. AI-powered financial intelligence changes that. By automating anomaly detection, streamlining reconciliations, and improving data accuracy, AI enables finance … Read more
For decades, financial audits have relied on sampling—a method where auditors review only a small subset of transactions to determine overall compliance. But in an era where data is abundant, is that really enough? MindBridge CEO Stephen DeWitt puts it into perspective: “That would be like your entire medical future being determined by a single … Read more
Finance leaders are under more pressure than ever. Regulatory scrutiny is rising, market volatility is unpredictable, and finance teams are being asked to do more with less. Yet, many organizations still rely on outdated manual journal entry (MJE) reviews, creating unnecessary risk, inefficiency, and compliance gaps. Traditional sampling methods fail to provide full financial oversight. … 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
