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 drop of blood once a year. It’s absurd.”
The Problem with Traditional Audits
Conventional auditing practices were built for an age when analyzing every transaction wasn’t possible. Businesses had no choice but to rely on limited data, hoping that small samples would reflect the full financial picture. But today, the stakes are higher—financial risk, fraud, and compliance issues often hide in the transactions that never get examined.
The AI-Powered Solution
Instead of relying on outdated sampling techniques, AI-powered financial analysis provides full-spectrum visibility into every transaction—at all times.
🔹 Comprehensive Analysis – AI reviews 100% of transactions, identifying risks that manual sampling would miss.
🔹 Customizable Insights – Whether from an auditor’s lens or a business’s own strategic priorities, AI-driven analysis ensures financial integrity.
🔹 Proactive Risk Detection – Instead of waiting for periodic audits, businesses can detect anomalies in real-time, reducing financial exposure.
Transforming Financial Intelligence
The reality is clear: You have the ability to analyze ALL transactions, ALL the time. Whether it’s for compliance, competitiveness, or operational integrity, AI-driven analysis is shifting financial oversight from reactive to proactive.
Watch the video below to hear Stephen DeWitt break it down:
