MindBridge has released new features for its audit and assurance platform, aimed at improving audit quality and efficiency, and strengthening risk assessment.
The company noted that its updates have been designed to extend the use of AI across core analytical work while keeping the decision-making process transparent and explainable for audit teams.
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A key change is a consolidated Subledger Analysis capability, which allows auditors to examine subledger data within a more integrated audit environment.
The technology company said that audit teams can use dashboards to track trends, segment risk and drill down to individual transactions, extending procedures beyond the general ledger across the full engagement.
Risk assessment tools have also been enhanced to provide more detailed transaction-level analysis and to highlight specific accounts and assertions that may need closer review.
The release adds a Monetary Flow Dashboard to give visibility over how funds move through an organisation and to surface noteworthy transaction patterns. Periodic analysis functions have been strengthened to better support recurring engagements at scale.
Other updates include more flexible duplicate transaction controls, downloadable data requirement exports and infrastructure improvements to handle larger audit workloads.
MindBridge Audit & Assurance Solutions general manager Sarah McGinnity said: “Audit and assurance teams are being asked to oversee larger transaction populations, more complex systems and increasingly automated financial processes without adding proportional time or resources.
“These new capabilities help firms move beyond traditional sampling approaches toward more, full-population analysis of financial data.
“By automating key analysis workflows while providing clear explanations of why transactions, balances and patterns warrant attention, MindBridge helps auditors focus their expertise where it matters most.”
The launch follows MindBridge’s ongoing expansion in the audit and assurance market, including partnerships with BDO, Buzzacott and KPMG.
