ENG25SS103. Elevate Audit Performance with AI-Powered Risk Assessment for Assertions, presented by Mindbridge

Determining relevant audit assertions and assessing inherent risks is critical for auditors, guiding their decisions on what to test and why. MindBridge empowers auditors with data-driven insights through an integrated assertion-risk scoring function, leveraging machine learning to highlight inherent risks at the assertion level. By employing a quantitative inherent risk assessment across various assertions, this AI-powered approach facilitates auditors in adopting a targeted strategy to identify relevant assertions for focused testing. Whether navigating complex compliance needs or limited resources, auditors can confidently focus on critical areas—enhancing both audit quality and efficiency.

Learning Objectives:

• Quantify risk by aligning audit assertions with machine learning insights
• Understand how to drive efficiency and enhance risk response across audits
• See how to reduce unnecessary sampling and focus on high-risk areas