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Companies Embrace Innovative Approach to Achieve Corporate Goals
In today’s rapidly evolving risk environment, global organizations are seeking innovative ways to monitor their processes, systems, and control points. Continuous Auditing (CA) and Continuous Monitoring (CM) have become essential tools in achieving corporate goals.
According to KPMG Turkey, companies can leverage technology-based applications to manage performance and key risk areas more efficiently. CA involves internal and external auditors collecting evidence and indicators over a period of time or continuously, providing instant error detection and automation of manual processes.
• Enables management to gain greater visibility into the organization while maintaining top performance • Has a deterrent effect as it is constantly monitored
By implementing CA and CM, companies can:
- Optimize control monitoring, operations, and performance indicators
- Evaluate anti-fraud processes
- Support governance, risk, and compliance functions
Software License Auditing: A Key Component of Continuous Monitoring
In today’s complex software landscape, the use of unlicensed software may result from poorly managed licensing agreements or lack of processes for transferring and managing software. KPMG Turkey’s experienced team helps companies:
• Periodically measure the effectiveness of software asset management processes and controls • Understand and proactively manage software license rights • Reduce financial risks
Governance, Risk, and Compliance: A Proactive Approach
In a rapidly changing environment, company shareholders need to manage uncertainties proactively. KPMG Turkey’s governance, risk, and compliance services help companies:
• Establish and improve committee structures • Analyze compliance with corporate governance principles • Plan and manage institutionalization processes
Performance Management System: Aligning Company Goals with Employee Objectives
Effective corporate performance management is crucial in today’s dynamic technology landscape. KPMG Turkey’s Performance Management System helps companies:
• Determine and integrate company, department, and employee goals • Share best practices regarding targets • Establish monitoring and follow-up mechanisms for senior management
Institutionalization: The Key to Sustainable Growth and Organizational Development
Institutionalization is critical for both regulatory agencies and investors. KPMG Turkey’s corporate development services help companies:
• Diagnose and improve critical development areas • Evaluate inefficiencies in business processes • Identify improvement areas in supply chains and factory operations • Establish the correct organizational structure
Get in Touch with KPMG Turkey
To learn more about how KPMG Turkey can help your company achieve its goals, please get in touch with us. Follow us on LinkedIn to stay up-to-date with our latest insights and industry news.