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Engine B technology tackles FRC Audit Quality Review

Addressing the FRC’s audit quality review with technology No-one could deny that 2020 was a turbulent and disruptive year for the audit sector. The audit sector went on trial both figuratively and physically with strong evidence continuing to stack up against the industry in the shape of widely publicised accounting scandals of company’s such as […]
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Technology-driven audit: The new era of data extraction

In this article, Engine B’s Head of Audit and Ethics, Franki Hackett, explains why quality data and data extraction tools are the key to executing an effective digital audit. It’s been clear that getting good quality, well-organised data has been the main barrier to unleashing technology-driven audit for some time. Firms have tried building their […]
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Microsoft and Engine B: Open-Source Common Data Models

“If everyone is moving forward together, then success takes care of itself.”  -Henry Ford Many industries face the same data challenges. Far too often we tackle these challenges alone, choosing to create siloed solutions to shared problems rather than opting for a more collaborative approach. But why? When we work collaboratively, not only do we […]
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How AI-driven fraud detection tools lend themselves to the new audit reform

Today’s article in the Financial Times ‘UK directors face new liability demands under major audit reform’ (February 5th, 2021), is yet another headline contributing to calls for a major shake up of the audit industry and puts further pressure on UK Directors to be personally liable for the accuracy of their company’s financial statements. The […]
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8 key benefits of Knowledge Graphs

Despite having been around since the 1980s, Knowledge Graphs have become something of a buzzword of late. With an influx of Knowledge Graph conferences in recent years and businesses like eBay and Air BnB publicising their use, it’s no surprise that everyone is talking about them and their ability to transform corporate practices. But, what […]
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Behind the scenes: An internship with Engine B

As part of Engine B’s #BehindTheScenes series, we’re taking a sneak peak into the daily lives of the Engine B team. Before starting her internship with Engine B, London born and bred, Bjeshka Hashani (22), graduated last year from the London School of Economics with a degree in Mathematics with Economics. Today we interview Bjeshka […]
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What makes a successful Common Data Model?

It’s estimated that between thirty to forty percent of an auditor’s time is spent interrogating, extracting and analysing data. Bringing together data from multiple systems and applications is an expensive and time-consuming task and without being able to share and understand the same data easily, each application or data integration project requires a custom implementation. These are just some of the reasons […]
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What does the future of audit look like in 2021?

The future of audit – what next? It’s safe to say most people will be pleased to see the back of 2020. A year that will undoubtedly go down in the history books as one of the deadliest and most challenging years in modern history. In the business world, no industry remained untouched by the […]
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Anomaly Detection for Professional Services

Understanding anomaly detection for Professional Services Over the past few decades, we have witnessed the exponential rise of Machine Learning (ML), the introduction of Deep Learning Techniques and the dramatic improvement in the analytical capabilities of software. The advancements made in these technologies are now enabling better anomaly detection and subsequently unlocking new opportunities for […]
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The key differences between structured and unstructured data

The key differences between structured and unstructured data According to Gartner, an estimated 20 percent of today’s data is structured, while the remaining 80 percent is unstructured. At Engine B, the Industry Common Data Models and Knowledge Graphs we are developing are unique in that they enable the interrogation and analysis of both structured and […]
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