BDO South Africa (SA) has collaborated with MindBridge as part of its commitment to strengthen its quality markers across audit, via access to powerful risk-based insights.
Headquartered in Ottawa, Canada, MindBridge is engaged in AI-driven financial decision intelligence.
BDO will utilise MindBridge’s AI to obtain deeper insights and enhance quality across its audit clientele.
The company has dedicated resources to data analytics for several years to improve audit standards within the international BDO network.
BDO South Africa National Audit head Collins Mashishi said: “After carefully evaluating a range of solutions, we chose MindBridge for its unparalleled ability to enable our team to independently analyse client data.
“MindBridge’s AI-driven technology, combined with its pre-built control points, offers the right level of autonomy and intelligence needed to meet our growing needs. This partnership aligns perfectly with our broader strategic goals of improving efficiency, quality, and client outcomes.”
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By GlobalDataRecently, BDO South Africa recognised the necessity for a solution that would enhance its audit team’s capacity to pinpoint critical risk areas in client financial statements.
The integration of technology has become essential in BDO’s mission to elevate overall quality and ensure consistency throughout audit engagements.
The collaboration with MindBridge is anticipated to deliver increased assurance to clients and stakeholders through better data analysis techniques.
Moreover, the partnership enables users to directly interpret intricate financial data without requiring external assistance. This distinctive feature is expected to greatly empower BDO South Africa’s audit teams.
The timing of this collaboration is significant, as BDO Norway has also embraced MindBridge technology.
MindBridge Audit & Assurance Solutions general manager Sarah McGinnity said: “This partnership is a key milestone in BDO South Africa’s ongoing efforts to drive innovation and quality.
“MindBridge’s solution meets the specific needs of BDO, strengthening their market position, and allowing them to enhance the services they provide to clients.”
