Coney Audit 3.0 introduces their new audit approach which is data-driven and technology-focused. Some key points: - They have experienced impressive growth over the past decade in both clients and revenues. - Their audit process focuses on analytics, using tools like R, Python, and Tableau to analyze data and visualize audit results. - They aim to provide ongoing assurance to all stakeholders by performing high-frequency audits leveraging technologies like blockchain and machine learning.

1. Coney Audit 3.0
An Introduction
2018

5. DATADRIVEN.PEOPLEMINDED.ADDINGVALUE.GOINGCONTINUOUS.NEW
TECHNOLOGY.
CREATING INSIGHTS. SHARE KNOWHOW. FAIR. STORYTELLING.
THE WHY OF AUDIT 3.0 by CONEY

6. THE CONEYAUDITGROWTH ISIMPRESSIVE
OURCLIENTSSELLOUR SERVICESIN 93%OF CASES
2006 2010 2018
AUDIT CLIENTS start 22 45
REVENU INCREASE % 100% 120%
AUDIT & DATA PROFESSIONALS >15professionals >30professionals

7. CHALLENGINGCLIENTS
WE ONLY ACCEPT NEW CLIENTS THAT APPRECIATEOUR DATA DRIVEN MINDSET
 LOGISTICS
 MANUFACTURING
 RECRUITING
 PROFESSIONAL SERVICES
 ITTECHHOLOGY
 GLOBAL TRADING
 PRIVATEEQUITY
 HEALTHCARE

8. THE TOOLS WEINTHE AUDIT3.0

9. INVESTING IN THE FUTURE
BUILDING CONTINUOUS BLOCKCHAIN MONITORING

10. ASSURANCE EVERY DAY
FOR ALL RELEVANT STAKEHOLDERS

11. OURCOREVALUES
• BEYONDQUALITY:ADDINGTRUEVALUE,SHARINGINSGIGHTS
• MAXIMUMUSEOFTECHNOLOGY
• FOCUSON AUDITANDBUSINESSRISKS
• SUPPORTINGOWNERS, HEAD OF FINANCE,FINANCETEAM
• INFORMAL, EASY ACCESS,COMMUNICATION
• TELLINGTHE STORYOF THE AUDITINTABLEAU BYVISUALISINGTHE AUDITRESULTS
• DRIVINGONGOINGASSURANCEBYPERFORMING HIGHFREQUENCYAUDITS

12. AUDIT3.0THE PROCESS

13. KEY STEPSOF A SUCCESFULLAUDIT
UNDERSTANDTHE
APPLICATION
CONTROLS IN THEIT
SYSTEMS
BUILDING THEAUDIT PLAN PERFORM AUDIT ANALYTICS TELLING THESTORY
OF THE AUDIT
THINK& DISCOVER

14. BUSINESS& AUDITCANVAS
THINKBEFORE WE
AUDIT
BigData
Consultants
Dell
IBM Training
Services
Hardware
Human
Resources
Internet
Knowledge
Leader
Internet
Market-leaderBD
Solutions
Informalcontacts Searchforadded
value
Personalcontact
Website SocialMedia
Resellersper
country
Consultancy
Assurance
Advisory
Personell
expenses
Investingin
Knowledge
Hardware Consultancy Solutions

15. BUSINESS& AUDITCANVAS
THINKBEFORE WE
AUDIT
HardwareSales ServiceSales
Personnel
Trendsinmarket
ProjectswithFixedfee
(PotentialLosses)
Optimizingmargin
deveopment
Controlmargindeveopment MarginanalysisHardware
MarginanalysisServices
Autorisationsper
user(group)
Salesonlybyautorized
persons?
Personnelcapacatyvs
Servicesrevenue
BIHW+TotalNewbuys
HW-/- EndInventory=
SalesHW
DowncountTrade
receivables=Upcountcash
Followmarginovertimeon
hardwareandservices

16. EXAMPLEOF ANALYTICSSCRIPTSSTARTOF AUDIT– EXCEPTIONS
IDENTIFCATION
ANALYSE &
DISCOVER FIRST
BEFORE SCOPING

17. ITGC& APPLICATIONCONTROLS
UNDERSTANDTHE
APPLICATION
CONTROLS IN THEIT
SYSTEMS

18. DATADRIVENASSURANCEBY CONEY
BUILDING THEAUDIT PLAN
DDA 1
DESIGNED SET OF DATA-ANALYTICSCONTROLS
DA 2 DA 3 DA 4 DA 5
Relevant
ITCG TESTING
Relevant
Application
ControlsTESTING
TESTING KEY
TRANSACTIONS
TESTING
Relevant
MANUAL Internal
Controls

19. IF POSSSIBLE
USE PROCESSMININGTO AUDITKEYPROCESSES
PERFORM AUDIT ANALYTICS

20. PERFORM AUDITANALYTICS
INCLUDING MACHINE LEARNING, AI BASED, PREDICTIVE ANALYTICS (BUSINESS FORECASTING) BASED ON R, PYTHON, ACL AND
LAVASTORM
PERFORM AUDIT ANALYTICS

21. TELLINGTHE STORYOF THE AUDITINTABLEAU ACCESS TO CONEY TABLEAU PLATFORM FOR
OUR AUDIT CLIENTS
TELLING THESTORY
OF THE AUDIT

22. THANKSFOR YOURINTERESTINCONEYAUDIT
3.0.
WEAREGRATEFULFOROURTEAMANDCLIENTS
TOGETHER
EVERYONE
ACHIVES
MORE