Financial decision intelligence platform MindBridge is introducing new capabilities to its audit and assurance platform, designed to help professionals modernize risk assessment, focus audit attention more effectively across full-population financial data, and scale analytics-driven workflows across increasingly complex engagements.
The latest platform enhancements help auditors apply artificial intelligence to automate critical analysis tasks while improving transparency and explainability throughout the audit process.
By helping teams identify, prioritize, and investigate risk more effectively, MindBridge enables auditors to focus more time on professional judgment and less time on manual analysis, the Ottawa, Ontario-based company said on June 9.
Advancements include the introduction of unified and enhanced Subledger Analysis, a dedicated capability that enables audit teams to analyze subledger data within a more connected audit environment and with enhanced workflow support for risk assessment and risk-based sampling. Teams can review dashboards, analyze trends, segment risk, and investigate transaction-level details in a workflow designed specifically for audit and assurance use cases, extending audit coverage beyond the general ledger and supporting deeper financial analysis throughout the engagement lifecycle.
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MindBridge says additional platform enhancements include a more robust risk assessment experience, which delivers more granular transaction-level analysis and clearly identifies which accounts and assertions warrant greater scrutiny.
The release also introduces a new Monetary Flow Dashboard that helps auditors gain visibility into monetary movement to identify transaction patterns, along with enhanced periodic analysis capabilities that improve scalability across recurring engagements.
Additional updates include more flexible duplicate transaction controls, downloadable data requirement exports, and infrastructure improvements designed to support large-scale audit workflows.
“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,” Sarah McGinnity, general manager of audit and assurance solutions at MindBridge, said in a statement on June 9. “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. We’re continuing to invest in modernizing the workflows audit teams rely on every day.”
These advancements build on MindBridge’s continued investment in the audit and assurance market, following the company’s growth and recent partnerships with BDO and Buzzacott, as well as its longstanding relationship with Big Four firm KPMG, which deploys MindBridge across its global audit platform in more than 60 countries.
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Tags: assurance, audit, Auditing, auditors, MindBridge, risk assessments, Technology
