What is Midship?
Midship is an AI-powered platform designed to autonomously perform SOX testing and broader audit procedures. It directly addresses the significant challenges of manual audit processes, high co-sourcing costs, and inefficient use of auditor time, enabling internal audit teams to achieve unprecedented efficiency, accuracy, and confidence in their compliance efforts.
Key Features
🚀 Autonomous AI Testing Agents: Midship's intelligent agents autonomously execute your audit plan, from performing control tests to generating fully documented work papers. Built on IIA standards, these agents ensure consistent and reliable execution, freeing your team from repetitive tasks.
📊 Intelligent Control Automation: The platform analyzes your Risk and Control Matrix (RCM) to identify controls ready for automation, enabling you to automate over 85% of your SOX controls. This targeted approach maximizes efficiency and allows auditors to focus on high-judgment activities.
📄 Streamlined Evidence Ingestion: Effortlessly upload control evidence via a simple document dump. Midship intelligently parses, classifies, and matches each document to relevant samples, dramatically simplifying the often-tedious data gathering process.
🔗 Review-Ready Work Papers & Excel Integration: Midship generates comprehensive work papers where every conclusion is meticulously linked to its source documents for full traceability. The intuitive Excel Add-in allows your team to review support and findings directly within your familiar spreadsheet environment, enhancing workflow efficiency.
🌐 Comprehensive Control Coverage: From IT General Controls (ITGCs) like password policy reviews and user terminations to complex manual financial reviews such as bank reconciliations and deferred revenue rollforwards, Midship supports a broad spectrum of control types across your entire SOX program.
Use Cases
Reducing ITGC Burden: Automate routine ITGCs such as "Password Settings Policy" or "User Termination" reviews. This allows your IT audit team to shift focus from manual data validation to analyzing strategic security posture and identifying systemic risks.
Streamlining Financial Process Reviews: Efficiently automate reviews for controls like "Bank Reconciliations" or "Invoice Approval Routing." Midship quickly re-performs tests and ties evidence, significantly accelerating quarter-end close procedures and improving accuracy compared to traditional manual methods.
Enhancing Audit Quality & Traceability: For every control test, Midship links results directly to documentary evidence and explains the pass/fail logic. This provides an unassailable audit trail, simplifying external auditor reviews and bolstering your organization's overall compliance posture.
Why Choose Midship?
Midship offers distinct advantages that redefine SOX compliance:
Quantifiable Efficiency Gains: Automate a significant portion (over 85%) of your SOX controls, with customers achieving up to 87% automation in live audits. This dramatically reduces manual effort and accelerates audit cycles.
Significant Cost Reduction & Auditor Productivity: Cut costly co-sourcing expenses by replacing external consultants while amplifying your internal team's capacity, effectively creating "10x auditors" who can focus on strategic insights rather than grunt work.
Uncompromising Security & Trust: Built for audit, Midship is SOC 2 Type 2 compliant, offering enterprise-grade security, end-to-end encryption, configurable data residency, and automated data retention controls to safeguard your sensitive client data.
Seamless Integration & User Experience: Midship integrates effortlessly with your existing tools by ingesting samples from spreadsheets or CSV exports, requiring no complex API integrations. Its Excel-compatible work papers and add-in ensure a familiar and efficient review process.
Conclusion
Midship empowers audit teams to transform SOX compliance from a labor-intensive challenge into an efficient, accurate, and cost-effective process. By leveraging trusted AI to automate core testing and documentation, you can confidently enhance your audit quality, reduce operational costs, and free your expert auditors for higher-value activities. Explore how Midship can help you achieve unprecedented audit automation and insight.





