CFO Talk: Data-Driven Decisions: Unlocking the Power of Analytics in FP&A Part 2 of 2

If you’ve ever tried to wrangle an Excel sheet that resembles a wild rodeo more than a financial report, welcome home. In the second part of this “CFO Talk” double-feature—“Data-Driven Decisions: Unlocking the Power of Analytics in FP&A”—a trio of heavyweights ride into the data, analytics and AI arena to tackle the real questions: Why does our road to data utopia keep winding like a Boston cow path, and why are we all hiding our spreadsheets like contraband snacks? Find the answers to these questions and much more in the CFO Talk.

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CFO Talk: Data-Driven Decisions: Unlocking the Power of Analytics in FP&A Part 1 of 2

If you thought the wildest thing to happen to a finance department was a spreadsheet with color-coded tabs, think again. On the latest episode of CFO Talk: Data-Driven Decisions: Unlocking the Power of Analytics in FP&A” host Steve Rosvold and guests Brian Lapidus (Director of FP&A Practice at AFP) and Prashanth Southekal (Founder, DBP Institute) embark on a lively expedition into the jungle of digital transformation in finance.

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Don’t Miss the Danger Signs: How to Monitor Your Risk Controls

As advanced as an Internal Control Plan can be, it is not self-sustaining. Independent and/or ongoing evaluations are required to determine if each component is functioning effectively, and to allow deficiencies to be addressed in a timely manner.

Monitoring is the process of comparing what you would expect to what actually happens. Within the Committee of Sponsoring Organizations of the Treadway Commission (COSO) framework, that takes place in three stages:

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