After you’ve provided the accounting data, sit back while Audit Sight transforms your data into a ready-to-go MGMT Meeting workpaper.
What is the Management Meeting Module?
The Audit Sight Management Meeting Module is an AI-powered tool that automates up to 80% of management meeting prep by analyzing GL and TB data in seconds. It identifies key fluctuations, anomalies, and risks using the Financial Anomaly Risk Score (FARS), delivering consistent, defensible insights. With heat maps, ratio analysis, and customizable thresholds, it equips deal teams to walk into every meeting with sharper, data-backed questions.
How Does It Work?
At the core is our proprietary Financial Anomaly Risk Score (FARS), powered by the Audit Sight Anomaly Detection Engine, a purpose built AI model developed by CPAs and trained on billions of financial transactions. It uses advanced, multi-dimensional pattern recognition to surface unusual entries and the risks related to them that are often buried deep in raw accounting data.
In this guide, we’ll show you how to request the workpaper in under a minute and explain what steps remain for you to complete.
Step 1: Navigate to Your Engagement and Select Management Meeting Agenda
From the left sidebar, go to Engagements and locate the engagement for which you need the MGMT Meeting workpaper. Once inside the engagement, click Start to begin the process.
Step 2: Configure Your Management Meeting Agenda Request
After initiating the Management Meeting Agenda, it’s time to configure your request.
- Select the report date range.
- Choose the entities in scope.
- Specify the anomaly detection settings.
- Click "Request Workpaper".
Note on the Anomaly Detection Settings
Standard Deviation:
This controls how sensitive the system is to outliers. It defines how far a value must deviate from the average before being flagged as unusual.
Lower values (e.g., 500): More sensitive, catches subtle issues but may create more false positives.
Higher values (e.g., 2000): Less sensitive, flags only major anomalies to reduce noise and highlight the biggest risks.
Thresholds:
These are set separately for the Income Statement and Balance Sheet. You can define them as a percentage (of total revenue for IS or total assets for BS) or as a fixed dollar amount.
Tip: Don’t overthink the initial settings. They can be adjusted anytime, and the workpaper can be rerun if you want different results.
Step 3: Download the Workpaper
Once the workpaper has been generated, you’ll receive an email with a link to download it. The workpaper can also be found under the Work Papers tab within the engagement.
To download a workpaper, simply click the download icon on the far-right side of the screen.
Understanding the Workpaper
If you’d like to review an example of a completed workpaper with all relevant annotations, please email us at support@auditsight.com.
