Fake Invoices, Real Risks: Why Auditors Must Rethink Their Approach in the Age of AI 

Generative AI is reshaping audit evidence as we know it. Learn why traditional invoice checks are no longer enough—and how auditors can strengthen their audit process with machine learning and full population testing.

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

Why Traditional Auditing Falls Short—and How AI is Changing the Game

Traditional auditing relies on outdated sampling, leaving risks unseen. Discover how AI-powered financial analysis enables full-spectrum visibility, real-time risk detection, and better decision-making. Learn why MindBridge is transforming financial intelligence.

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

Anomaly Detection Techniques: How to Uncover Risks, Identify Patterns, and Strengthen Data Integrity

Master anomaly detection techniques to uncover risks, detect hidden patterns, and improve data integrity. Learn how statistical models, machine learning, and AI-powered detection can help safeguard financial and operational decisions.

Your data tells a story, and it can reveal irregularities if you know how to read it. Anomaly detection can do just that, helping you find outliers that can point to issues like fraud. Whether it’s a suspicious transaction, a cybersecurity threat, or an operational hiccup, anomalies hold the key to insights that can save … Read more

New Year, New JE Testing: Enhance your Journal Entry Testing with MindBridge  

Revolutionize your journal entry testing with MindBridge. Discover how AI-driven insights enhance audit quality, streamline processes, and uncover risks traditional methods might miss.

Journal entry testing (JET) is a cornerstone of every financial statement audit, serving as the frontline defense against the risk of management override of controls. No matter who you are or what your client does, there is a default presumption that you always have to perform JET. Yet, the traditional approach to JET is very … Read more

Audit Risk Detection: How AI Empowers Modern Financial Oversight 

Discover how MindBridge's AI-powered audit risk detection revolutionizes financial oversight by identifying inaccuracies, preventing fraud, and safeguarding business integrity. Explore advanced tools and strategies for transforming your audit process.

A financial audit is one of the most complex and challenging tasks in modern finance. Audit risk—the risk that an auditor fails to spot mistakes in financial statements—is a problem any auditor, no matter how experienced, can face. Audit risk detection is crucial for businesses as it helps identify inaccuracies and potential fraud in financial … Read more