Outcome 01
Evidence Or Data Issue
A record is missing, incomplete, stale, duplicated, or incorrectly mapped. Route it to the source owner.
AI For Financial Services
Audit Evidence And Control Testing Automation
Collect approved evidence without chasing files across teams. Run configured checks, investigate exceptions, prepare review-ready workpapers, and track remediation in one governed workflow.
Mimasa AI supports financial audit automation while keeping auditors and control owners in charge. Every finding can retain its source, test logic, reviewer, and approval history.
Traceable evidence · Explainable checks · Human conclusions · Governed workflows
Control Objective
Approved transactions require the configured authority sequence.
01 · Evidence
Approved source records
02 · Configured Test
Sequence and threshold logic
03 · Exception
Approval step requires review
04 · Reviewer
Conclusion remains pending
Remediation
Owner assigned · proof required
Professional Boundary
Reduce Audit Administration, Not Professional Judgment
A financial audit requires independence, professional standards, appropriate procedures, and qualified judgment.
Mimasa does not perform that role. It supports evidence, data preparation, configured tests, documentation, and follow-up.
This makes AI in auditing easier to govern. It also separates task support from automated auditing: Mimasa automates defined work while professionals perform the audit.
- Collect approved files and records
- Check expected evidence
- Map evidence to controls
- Prepare complete populations
- Run transparent checks
- Group and route exceptions
- Draft source-linked workpapers
- Track findings and approvals
Control Journey
Follow One Control From Request To Resolution
This is audit workflow automation with explicit human checkpoints.
01
Define The Control And Test
An authorised auditor or control owner records the objective, frequency, population, evidence, and test logic.
02
Request Approved Evidence
The workflow sends requests, assigns owners, tracks deadlines, and records responses.
03
Check Completeness
Mimasa compares received records with expected periods, fields, entities, and document types.
04
Run The Configured Check
Approved rules or analysis run over the defined population with input and logic versions recorded.
05
Investigate Exceptions
Users inspect sources, add context, request evidence, and separate data issues from valid exceptions.
06
Approve The Conclusion
The responsible professional assesses sufficiency, relevance, impact, and final disposition.
07
Track Remediation
Owners complete actions, attach proof, and submit the item for review and closure.
Evidence Collection
Automated Evidence Collection With Clear Lineage
Email, shared folders, exports, screenshots, and repeated reminders create delays and weak version control.
- Issue scheduled evidence requests
- Retrieve authorised records
- Classify files and defined fields
- Check period and entity
- Identify duplicates or missing items
- Connect items to controls
- Notify incomplete owners
- Preserve timestamps and history
Collection alone does not make an item valid audit evidence. The auditor assesses reliability and sufficiency.
Evidence Passport
Give Every Important Item A Traceable Identity
| Evidence Field | What The User Should See |
|---|---|
| Source | System, repository, file, or authorised submitter |
| Scope | Entity, process, account, period, and population |
| Version | Extraction time, file version, or governed snapshot |
| Control Mapping | Linked control, procedure, or evidence request |
| Transformation | Extraction, mapping, filtering, or calculation applied |
| Review | Reviewer, comments, status, and approval time |
| Usage | Tests, workpapers, findings, or reports using the item |
This evidence passport is the foundation of audit evidence automation.
Configured Checks
Automated Control Testing With Transparent Logic
Automated control testing works best when the population and rule are clear. Mimasa records the test definition, input population, exclusions, run time, and result.
Control testing automation does not determine control effectiveness. An authorised professional reviews design, operation, exceptions, and conclusions.
- Missing approvals
- Authority-threshold exceptions
- Late reconciliations
- Sensitive master-data changes
- Duplicate or unusual records
- Missing supporting documents
- Segregation-of-duties conflicts
- Late control completion
Review Outcomes
Three Outcomes, Not One Black-Box Score
Outcome 02
Valid Explained Exception
Approved context explains the difference. Record the rationale and reviewer decision.
Outcome 03
Potential Control Finding
The exception may indicate a deficiency. Escalate it for professional assessment and remediation.
Mimasa prepares the case. The audit or control team decides the outcome.
Repeated Work
Internal Audit Automation Across Recurring Activities
Internal audit workflow automation connects requests, tests, reviews, findings, and follow-up without losing ownership.
An internal audit workflow can vary by entity, process, risk, or engagement while retaining common governance.
Planning And Request Setup
Create approved work programmes, evidence lists, owners, dates, and review stages.
Evidence And Population Preparation
Bring approved documents and data into consistent formats while preserving original sources.
Testing Support
Run configured rules, comparisons, completeness checks, and analytical procedures. Route uncertain results to people.
Documentation
Draft factual workpaper sections from verified inputs. Keep generated narrative separate from approved conclusions.
Findings And Follow-Up
Assign remediation, collect proof, record management responses, and track review status.
Analytics To Action
Internal Audit Analytics That Lead To Action
Internal audit analytics can compare exceptions by process, entity, account, control, and period. Each signal should lead to evidence and follow-up work.
- Repeated overrides
- Late approvals
- Control changes over time
- Exception concentration
- Remediation ageing
- Issue recurrence
- Source-record drill-down
- Investigation tasks
Attention View
A Useful Internal Audit Dashboard
An internal audit dashboard should show the next item needing attention, not only engagement status.
Evidence due or overdue
Controls awaiting review
Incomplete populations
Exceptions by status
Findings awaiting response
Remediation by age
Recurring issues
Freshness warnings
Status labels accompany colour cues. Every measure links to underlying evidence.
Monitoring Boundary
Continuous Monitoring Without Overclaiming Continuous Auditing
Continuous controls monitoring uses recurring or event-based checks to surface potential issues closer to when they occur.
Mimasa can validate expected data, run configured checks, group exceptions, notify owners, and preserve review history.
Some buyers call this continuous controls monitoring software. Mimasa provides configurable intelligence and workflow components, not a pre-certified controls library.
Continuous Auditing Is Different
Continuous auditing relates to ongoing audit procedures and independent professional responsibilities. Mimasa may support the workflow, but it does not become the auditor.
This boundary applies to automated audit software and internal controls automation. Mimasa augments defined tasks rather than issuing conclusions.
Existing Systems
Financial Audit Automation Around Existing Systems
Mimasa complements specialist financial audit software, audit automation software, and AI audit software. It does not replace every authoritative platform.
| Existing Capability | Its Role | Mimasa AI Role |
|---|---|---|
| ERP, Subledgers, And Finance Systems | Maintain transactions, balances, approvals, and records | Prepare authorised populations and run configured analysis |
| Document Repositories | Store policies, evidence, reports, and workpapers | Classify, extract, search, and connect approved content |
| Audit Management Software | Maintain plans, engagements, risks, controls, and official records | Add intelligence, evidence, and workflow automation |
| GRC Or Control Platform | Maintain control frameworks and compliance records | Use approved control context for checks and follow-up |
| Reconciliation System | Produce matching results and finance exceptions | Gather evidence, explain exceptions, and coordinate review |
AI Assistance
AI Audit Tools With People In Control
AI audit tools can search approved evidence, compare records, explain configured test results, and prepare factual drafts.
Every output shows source context. Generated text remains a draft until reviewed.
AI internal audit, AI financial audit, and AI for auditing must not imply autonomous assurance. AI supports the professional; it does not sign an opinion.
Generative AI Prepares Content
Generative AI in audit can summarise approved material, draft requests, prepare factual narratives, and organise responses.
Agentic AI Coordinates Steps
An agentic AI audit workflow can request evidence, check completeness, run an approved test, create an exception, and ask for review.
Closed Loop
From Exception To Verified Remediation
Support control exception management, control deficiency tracking, audit findings management, and audit remediation tracking without merging them into one automated decision.
- 01
Record The Issue
Keep the control, test, evidence, owner, response, and review status connected.
- 02
Assign Ownership
Keep the control, test, evidence, owner, response, and review status connected.
- 03
Capture The Response
Keep the control, test, evidence, owner, response, and review status connected.
- 04
Track Implementation
Keep the control, test, evidence, owner, response, and review status connected.
- 05
Collect Proof
Keep the control, test, evidence, owner, response, and review status connected.
- 06
Retest Where Required
Keep the control, test, evidence, owner, response, and review status connected.
- 07
Approve Closure
An authorised audit or control owner decides whether the item can close.
Governance Rail
Govern Audit And Control Data
Role-based access control
Authorised source and dataset boundaries
Evidence lineage and version context
Transparent test definitions
Agent tool and action limits
Human approval checkpoints
Workflow and decision audit trails
Governed datasets and reusable snapshots
Cloud, private-cloud, or on-premises deployment patterns
Mimasa does not certify that a control framework or audit approach is sufficient.
Controlled Rollout
Start With One Evidence-Heavy Control
01
Select One Control
Choose a repeatable control with clear evidence and ownership.
02
Define The Population
State the source, period, entities, expected count, and completeness checks.
03
Document The Logic
Record the approved rule, exclusions, thresholds, and review criteria.
04
Set Human Checkpoints
Name who reviews evidence, exceptions, findings, and closure.
05
Test Difficult Cases
Include missing evidence, changed fields, duplicates, access limits, and conflicting records.
06
Run In Parallel
Compare the workflow with the existing process before relying on it.
07
Review Performance
Measure evidence turnaround, exception ageing, reviewer effort, rework, and adoption.
Start financial audit workflow automation narrowly. Expand after the team validates data, logic, exceptions, and review controls.
Connected Context
Work Around Authoritative Systems
Mimasa provides governed evidence automation, data intelligence, workflow orchestration, and reporting around approved systems.
Financial Reconciliation Automation
Connect reconciliation evidence, explanations, exceptions, and review.
Regulatory Reporting Operations
Prepare reporting evidence, validations, exceptions, and authorised sign-off.
Data Extraction
Extract defined fields from approved records and documents.
Workflow Builder
Design governed requests, reviews, approvals, and remediation steps.
Frequently Asked Questions
Clear answers about evidence automation, configured control testing, internal audit workflows, monitoring, and professional responsibility.
Get Started
Turn Evidence Requests Into A Controlled Review Workflow
Connect approved records, configured checks, exceptions, findings, and remediation without removing professional oversight.