# Midship - AI for SOX Testing

## About

Midship's AI autonomously performs SOX testing & beyond. Our agents, built on IIA standards, follow your audit plan, perform tests and create fully documented work papers.

- Verified: Yes

## Services

### Audit Management
- [Automated Controls Testing](https://bilarna.com/ai/audit-management/automated-controls-testing)

### Compliance Automation
- [SOX Testing Solutions](https://bilarna.com/ai/compliance-automation/sox-testing-solutions)

## Trust & Credentials

### Certifications
- SOC 2 (SOC2)
### Compliance
- SOC2
### Data Security
- SOC 2

## Frequently Asked Questions

**Q: How can AI automate SOX testing and improve audit efficiency?**
A: AI can automate SOX testing by following predefined audit plans to perform control tests and generate fully documented work papers. It analyzes risk control matrices to identify controls suitable for automation, enabling automation of over 85% of SOX controls. This reduces manual effort by auditors, allowing them to focus on high-judgment tasks instead of repetitive work. AI agents extract and classify control evidence, match it to relevant samples, and document every step with links to source documents. The automation also helps cut costs by reducing reliance on external consultants while maintaining audit quality. Additionally, AI-generated work papers are compatible with common tools like Excel, facilitating easy review and integration into existing audit workflows.

**Q: What types of SOX controls can be automated using AI technology?**
A: AI technology can automate a wide range of SOX controls including IT General Controls (ITGC), manual financial reviews, access reviews, payroll tie-outs, bank reconciliations, deferred revenue rollforwards, journal entry threshold reviews, accruals, invoice approval routing, privileged access recertifications, configuration settings reviews, quarter-end certifications, new vendor dual approvals, and insertion order reviews. The AI system parses and classifies uploaded documents, matches them to relevant control samples, and performs tests according to audit procedures. This broad support enables organizations to automate up to 87% of their SOX program controls, covering both automated and manual processes, thereby enhancing audit coverage and accuracy.

**Q: How does AI-generated documentation integrate with existing audit tools like Excel?**
A: AI-generated documentation integrates seamlessly with existing audit tools such as Excel by producing fully compatible work papers. The AI system compiles all findings, supporting evidence, and flagged issues into a structured Excel work paper format that requires no additional formatting or extra steps. Auditors can review support documents directly within their spreadsheets using dedicated Excel add-ins, enabling efficient side-by-side comparison of source documents and work papers. This integration streamlines the audit review process, reduces manual data handling, and allows auditors to maintain their preferred workflows while benefiting from AI automation and enhanced documentation accuracy.

## Links

- Profile: https://bilarna.com/provider/midship
- Structured data: https://bilarna.com/provider/midship/agent.json
- API schema: https://bilarna.com/provider/midship/openapi.yaml