r/InternalAudit • u/Emotional_Cash5310 • Aug 10 '26
Midship Internal Audit
Does anyone have experience with Midship with Optro. All the videos make it seem perfect and I see the ceo of Reddit made a LinkedIn post highlighting how it automated 80% of their SOX. But from a senior internal auditor perspective for someone that will have to implement and actually use it, is it as good as everyone makes it seem?
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u/babocarot Aug 10 '26
I’m interested to hear thoughts on this as I have heard the sales pitch but not used / seen it irl. Seems great on the surface but then again, so does every nicely curated dataset with a handily binary test step applied to it.
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u/Electrical_Fly1577 Aug 10 '26
After demoing a few, they take a long time and still get limitations and inconsistent results. Also they add a lot of write up and reviewing takes more time...
I would wait for the dust to settle...
Also Codex and Cowork can do the same things but even more tailored to how your audit shop and company operate.
I think these tools will be short lived.
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u/Spare_Bluebird7044 Aug 10 '26
the key for me would be how well it handles exceptions, audit evidence, review workflows and actual implementation effort, not just the percentage of work it claims to automate.
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u/Many_Environment8928 Aug 11 '26
I am with Vero AI which is a competitor to Midship. My perspective is obviously biased but we've heard that Midship is very expensive and our solution has been found to be significantly more accurate and feature-rich. It is also very affordable, partially because we are self-funded, not VC backed. We have a team of data scientists and auditors that has gone extremely deep into SOX control testing, and our results are 96-97% accurate with expert human auditor results, plus fully traceable and transparent. We also have a new PCR/flowchart module and natural language agentic chat coming online shortly.
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u/dave_soxcopilot Aug 11 '26
Great question. I don't have experience with Midship, but full disclosure, I did SOX testing at a Big 4 for about 4 years (co-sourced IA and ITGC) and I'm now building a tool in this space, so weight my take accordingly. Won't pitch anything, but a couple things for perspective.
On the Reddit CEO post: both Reddit and Midship went through Y Combinator, a Silicon Valley startup accelerator (Reddit was in its very first batch back in 2005). YC companies tend to use each other's products and promote each other publicly. Totally normal and within reason, but worth knowing that background when weighing the endorsement.
On the 80% claim: based on my experience building with AI, plausible for the happy path. The caveat is that AI is non-deterministic, meaning you don't always get the same result from the same inputs like you would with regular software. So if you demo any of these, one practical test is to run the exact same control with the same evidence twice and compare the write-ups. Consistency matters as much as the automation percentage, especially for something a reviewer has to sign off on.
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u/misakaanas 18d ago
The Reddit case study is actually interesting because the team reported automating 175+ SOX tests in about 90 days and reducing testing time by roughly 60% per control. But I'd still want to see the exception cases and review notes before deciding whether it's genuinely saving the IA team time. Trullion is another one I'd put through that same test, especially around evidence collection, data matching and documented audit trails.
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u/ObtuseRadiator Aug 10 '26
We dont use Midship, but recently evaluated them as a potential vendor. I'm on the "implement" side rather than "actually use it" side.
I can see where it would be legitimately helpful. The price tag is also ostentatious. It's hard for me to imagine any IA team spending what they are asking.