Coney Auditing 3.0 - An Introduction
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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.
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Coney Auditing 3.0 - An Introduction
- 1. INTRODUCTION TO AUDITING 3.0 2020CONEYASSURANCE, A TRUEDATADRIVENAUDIT FIRM
- 2. AUDITING IN A DATA DRIVEN LANDSCAPEDISCOVERTHE STORY BEHIND THE DATA
- 3. DE ‘WHY?’ OF CONEY 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 ALL RELEVANT STAKEHOLDERS
- 6. DATA DRIVEN. ADDED VALUE. 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 INTERNAL CONTROLS Risk Controls KPI’s DATA DRIVEN Added Value IDENTIFY Business Finance Process
- 9. Building theAudit Plan together DATADRIVENASSURANCEBY CONEY D DA1 DESIGN ASET OFDATA-ANALYTICSCONTROLS DA2 DA3 DA4 DA5 IT ENVIRONMENT INTERNAL CONTROLS TRANSACTIONSPROCESSES
- 10. ASSESSIT GENERAL CONTROLSandAPPLICATION CONTROLSembeddedin IT applications–Robust FUNDAMENTIS REQUIRED
- 12. THE Story of the Audit Useof TableauServer– providingaccessto the ConeyTableauPlatform forourauditclients
- 13. ADVANCED AUDIT ANALYTICS, including machine learning, predictive analytics (business forecasting) basedon R,Python, Data3Sixty technology ADDED VALUE ANALYTICS FOR OUR CLIENTS
- 14. OUR KEYVALUES • BEYOND QUALITY: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 FOR YOUR 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 Grotehoutstraat 176-180 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