Constant changes in laws and regulations, market developments and technology, the world around us, unexpected events and geo-political tensions require timely insight into risks, performance and business processes. We call this Ongoing Monitoring.
With a mix of data analysis, process mining and data visualization technology, 100% of the relevant transaction and process flows can be monitored internally. We support companies with the “data driven” design of ‘Ongoing Monitoring’ framework.
This also periodically provides insight into which internal checks & balances really work, where there are deviations in performance compared to internal objectives, or we make transparent what points for improvement are for internal control that are integrated in processes.
We support companies with the "data driven" set up of the 'Ongoing Monitoring' framework.
- Dave den BlankenUsing our Data-analysis Control Framework we can monitor your weekly, monthly or quarterly financial statements such as the purchase ledger, sales ledger, bank ledger and salary ledger. This is possible if we jointly set up the process below. For ongoing monitoring the following conditions apply, namely:
Everything we do revolves around working with the company and team members and is an extension of our natural advisory role as external auditors. Naturally, we also apply our knowledge and data-driven mindset to medium and large + companies that already have another accountancy firm for auditing the annual accounts. Working together is also great in this triangle.
“Ongoing Monitoring” projects consist of knowledge sharing sessions (workshops), redesigning data driven “Ongoing Monitoring Framework” and / or tightening up (re-using) existing internal controls. Our team consists of experienced auditors, data analysts and internal control professionals. We take the Coney technology with us, or help companies with the purchase and implementation of the right technology.
This is a process that we build up in logical steps, the focus is on timely monitoring of risks, performance and operation of internal controls and improving and tightening this up. Red Alerts & Exceptions at transaction level are the results of “Ongoing Monitoring” systems. Monitoring, Cause Analysis and Follow-up go hand in hand. Data driven “Ongoing Monitoring”.
We see a transformation from manual checks & balances to data-driven “Ongoing Monitoring”. As far as we are concerned, companies are increasingly using data analysis to get a better grip on risks, performance and the functioning of internal controls.
By using data analysis with visualization, we give you focus and clear insights.
Entrepreneurs have various relevant business issues. We help entrepreneurs to gain insight into these issues through the use of data analysis technology.
Meaningful assurance that goes beyond a mere focus (too much of a focus) on financial information.
In recent years, much has been written about discriminatory, incorrect or unfair data analysis solutions and the use of algorithms.There is social unrest and there are concerns about how data results in decisions.
Als Coney Minds nodigen we al onze relaties, vrienden en fans uit het voor Coney Mindbreakers Event. Dit event zal plaatsvinden op 23 november in Snowworld Amsterdam.
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