Midship

Midship

Midship is an AI-powered platform for SOX testing and audit automation that automates over 85% of control testing, helping audit teams dramatically improve efficiency, reduce costs, and ensure compliance.
Rating:
5
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SOX testing automationAI auditing platformaudit working papers generationfinancial audit automationintelligent document processingcompliance testing software

Features of Midship

AI agents autonomously perform control testing with an automation rate over 85%, dramatically reducing manual effort.
Intelligent parsing and categorization of document evidence, automatic sample matching, simplifying evidence collection.
Automatically generates complete, review-ready working papers with a clear, auditable audit trail.
Includes an Excel add-in, enabling review of evidence and audit findings directly in Excel.
Enterprise-grade security design, SOC 2 Type II compliant, safeguarding sensitive data privacy and compliance.

Use Cases of Midship

For publicly traded companies performing quarterly SOX compliance testing, with automated ITGC testing and manual financial-control reviews.
Audit teams need to extract and structure data from a large volume of PDFs and CSVs to prepare audit working papers.
Internal audit departments seek to reduce reliance on external consultants and cut outsourced collaboration costs.
In financial audits, automate sampling tests for complex processes such as bank reconciliations and invoice approvals.
Auditors need to quickly validate control effectiveness and generate working papers with a complete evidence trail.

FAQ about Midship

QWhat is Midship? What is its main use?

Midship is an AI-powered platform for SOX testing and audit automation, primarily used to automatically perform SOX control testing and other audit tasks, helping teams boost efficiency and reduce costs.

QWhat percentage of SOX control testing can Midship automate?

Midship automates more than 85% of SOX controls by having AI agents analyze the risk-control matrix and autonomously run tests, freeing auditors from repetitive tasks.

QHow does Midship handle audit evidence and generation of working papers?

After users upload document evidence, Midship intelligently parses and categorizes files, matches them to relevant samples, then automatically executes tests and generates complete, review-ready working papers, with each conclusion linked to verifiable evidence.

QCan Midship integrate with existing audit tools such as Excel?

Yes. Midship offers an Excel add-in, allowing auditors to review supporting evidence and findings directly in Excel, with working papers fully compatible with Excel format and no complex API integration required.

QWhat data security and compliance safeguards does Midship provide?

Midship is designed to handle high-risk data and has undergone an independent SOC 2 Type II audit, implementing end-to-end encryption, periodic penetration testing, configurable data residency, and other enterprise-grade security measures.

QWhat types of controls testing is Midship suitable for?

Midship supports a broad range of control tests, from IT general controls (e.g., password policies, user termination) to complex manual financial reconciliations (e.g., bank reconciliations, revenue recognition), covering the full spectrum of SOX project needs.

QDoes using Midship require a technical team for complex deployment?

No. Midship is designed for ease of use, supports uploading documents to provide evidence directly, requires no complex API integration, and offers a two-week trial so customers can validate effectiveness with actual controls testing.

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