Peer-Driven Insights

Audit

About this topic

Audits are systematic examinations of financial records, processes or systems to verify accuracy and adherence to standards. Rigorous auditing ensures compliance and operational integrity.

Community Posts

Do you have any recommendations for an audit firm to evaluate general controls for retail POS? Why are they your choices?

Anomaly Detection / Mindbridge: We’re exploring tools that support continuous monitoring of financial transactions (e.g., inventory adjustments, journal entries, credit memos, disbursements) to help us identify anomalies earlier than our traditional periodic audits allow. We are a $20B company with 50+ different ERP systems globally (some data is mastered). Our goal is to enhance fraud detection and internal controls using modern, AI/ML analytics tools. We've started a vendor assessment process and MindBridge seems to be the only vendor that fairly fits the bill. I'd appreciate if someone can share any feedback/experience on the solution/vendor.