Download to read offline
Uploaded bydrs Pieter de Kok RA
Coney Auditing 3.0 - An Introduction
Coney Assurance is a data-driven audit firm that introduced an Audit Dashboard and uses advanced analytics like machine learning and predictive analytics. It has experienced 15-20% annual growth with 93% of new revenue from referrals. Coney designs data-analytic controls and assesses IT environments, internal controls, transactions, and key business processes using tools like process mining and Tableau. It provides ongoing assurance to clients through high-frequency checks and shares insights without surprises on fees. Coney's values include delivering real added value through technology, focusing on controls and risks, and telling the audit story visually.
More Related Content
Similar to Coney Auditing 3.0 - An Introduction
Coney Auditing 3.0 - An Introduction
- 1. INTRODUCTION TO AUDITING 3.0 2020CONEYASSURANCE, ATRUEDATADRIVENAUDIT FIRM
- 2. AUDITING IN ADATA DRIVEN LANDSCAPEDISCOVERTHE STORY BEHIND THE DATA
- 3. DE ‘WHY?’ OFCONEY AUDITING STARTS IN 2005 Modern– Smarter – introducing an Audit Dashboard to our clients– Fixed Fees
- 4. GROWTH OF CONEY AUDIT– annuallybetween 15% and 20% 93%OF NEW REVENUE IS BEING REFERRED BY EXISTING CLIENTS
- 5. ASSURANCEEVERY DAY FOR ALLRELEVANT STAKEHOLDERS
- 6. DATA DRIVEN. ADDEDVALUE. ONGOING REPORTING OF KEY AUDIT FINDINGS. NEW TECHNOLOGY. SHARING INSIGHTS. STORYTELLING.
- 7. CHALLENGINGCLENTS WEONLYACCEPT NEWCLIENTSTHATSHAREOURDATA DRIVENMINDSETANDARECOMMITED INWORKINGWITH US •SPORTASSOCIATIONS • LOGISTICS • PRODUCTION • STAFFING • PROFESSIONALSERVICES • ITTECHHOLOGYCOMPANIES • TRADING (GLOBALLY) • HEALTHSECTOR • PRIVATE EQUITY
- 8. OURAUDIT APPROACHINONE PICTURE- WORKING TOGETHER Bottom Up Data-analytic controls REVIEW INTERNALCONTROLS Risk Controls KPI’s DATA DRIVEN Added Value IDENTIFY Business Finance Process
- 9. Building theAudit Plantogether DATADRIVENASSURANCEBY CONEY D DA1 DESIGN ASET OFDATA-ANALYTICSCONTROLS DA2 DA3 DA4 DA5 IT ENVIRONMENT INTERNAL CONTROLS TRANSACTIONSPROCESSES
- 10.
- 11.
- 12. THE Story ofthe Audit Useof TableauServer– providingaccessto the ConeyTableauPlatform forourauditclients
- 13. ADVANCED AUDIT ANALYTICS, includingmachine learning, predictive analytics (business forecasting) basedon R,Python, Data3Sixty technology ADDED VALUE ANALYTICS FOR OUR CLIENTS
- 14. OUR KEYVALUES • BEYONDQUALITY:DELIVERREALADDED VALUE,SHAREINSIGHTS - MAXIMUM USEOFNEWTECHNOLOGY • FOCUSONCONTROLS ANDBUSINESS RISKS • WORKINGTOGETHERWITHBUSINESS OWNERS,FINANCIAL DIRECTORANDADMINSTAFF • CONEY TEAMIS INFORMAL,LOW THRESHOLD,RAPID COMMUNICATION • TELLINGTHESTORYOFTHEAUDITINTABLEAUBY VISUALIZINGTHE FINDINGS • PROVIDINGONGOINGASSURANCEBYPERFORMINGHIGH FREQUENCYCHECKS • NOSURPRISESWITHFEES
- 15. THANK YOU FORYOUR INTEREST INCONEY AUDIT 3.0. WE ARE GRATEFULE FOR OUR TEAM AND OUR CLIENTS • TOGETHER • EVERYONE • ACHIVES • MORE
- 16. Contact info: T:010-2849288 Coney Haarlem Grotehoutstraat176-180 2011SZHaarlem Coney Rotterdam Van Nelleweg1413 3044BCRotterdam Coney Goirle Dorpsstraat 2A 5051CKGoirle MANAGING PARTNER : Pieterde Kok RA – pieter.dekok@coney.nl 3.0 AUDIT Approach : OnnoWoutersRA – onno.wouters@coney.nl