Midship — screenshot of midship.ai

Midship

Midship is an AI tool designed to automate SOX testing by extracting structured data from various documents, allowing agents to follow audit plans and create fully documented work papers. I see this as a way to streamline compliance and reduce manual effort.

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Questions & Answers

What is Midship?
Midship is an AI platform that automates SOX testing by using AI agents to follow audit plans, extract support from documents, and create fully documented work papers. It aims to automate over 85% of SOX controls.
Who is Midship designed for?
Midship is designed for public companies and audit professionals involved in SOX testing and compliance. It helps auditors focus on high-judgment tasks by automating routine control testing.
How does Midship differ from traditional SOX testing methods?
Midship differs by using AI agents to autonomously perform control tests and generate work papers, significantly reducing manual effort. It aims to replace costly external consultants and increase auditor efficiency, providing work papers compatible with Excel.
When should an organization consider using Midship?
Organizations should consider Midship when seeking to automate a significant portion of their SOX controls, reduce co-sourcing costs, or improve the efficiency and documentation quality of their audit processes. It supports a range of controls from ITGC to manual financial reviews.
What types of documents and controls does Midship support?
Midship can parse and classify various documents, matching them to relevant samples for testing. It supports a broad range of controls including ITGCs, user terminations, key report testing, access reviews, payroll tie-outs, and invoice approval routing, among others. It outputs work papers in Excel format.