CPAs around the globe are utilizing the capabilities of
MindBridge, allowing the Ai Auditor to do the financial data heavy
lifting. Crowe MacKay's in-house MindBridge expert and Partner,
Logan Hoffert, explains the benefits and risks of the technology
and what it means for our audit clients.
What Does the Ai Auditor do?
While data analytics have been available for use in audit for
some time, adding machine learning to help analyze the data and
assess risk is a newer development. In simpler terms, MindBridge is
powered by artificial intelligence (AI), utilizing pre-configured
algorithms to examine and compare risks. The software utilizes 100%
of the clients data, becoming one of the most powerful tools
available in detecting risk, computing results in matter of
minutes. Data can be explored with different filters and queries,
ultimately, assembling new insights. For example, risk can be
assessed by time, account, transaction, user, or vendor
filters.
