It's time for auditors to implement new strategies.
February 13, 2021
It's time for auditors to implement new strategies.
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with MindBridge Ai Auditor
As a CPA firm, we wanted to provide our attest clients with an audit that was more efficient and effective. We experimented with MindBridge Ai for a few months and were very pleased with the results. We made a two year purchase commitment and are using the tool on eight audits this corporate season.
- Using the output from MB AI we have been able to reduce the inherent risk and analytical procedures risk assessments in our audits which have reduced our substantive testing sample sizes.
- The output from MB AI allows us to focus on the medium risk and high risk transactions that were recorded in the general ledger during the year.
- Our younger, more technologically advanced team members really enjoy working with MB AI.
- Because the software is so robust, the learning curve is fairly lengthy, but MB's customer service has been fantastic.
- We are finding that sample sizes and overall risk assessments are decreasing with then correlates to reduces audit hours on engagements.
- The learning curve is fairly steep in the first year and this offsets most of the efficiency gains in that first year.
- Our audits are more effective as MB AI is identifying high and medium risk transactions that we may not have identified using traditional audit procedures.
We did not consider any other similar products.
Do you think MindBridge Platform delivers good value for the price?
Yes
Are you happy with MindBridge Platform's feature set?
Yes
Did MindBridge Platform live up to sales and marketing promises?
Yes
Did implementation of MindBridge Platform go as expected?
Yes
Would you buy MindBridge Platform again?
Yes