AssuranceAround the world, the journey to success is governed by increasingly complex and broadened regulatory requirements and stakeholder demands. Strong independent assurance helps meet these demands by providing a timely and constructive challenge to management, a robust and clear perspective to audit committees and critical information for investors and other stakeholders.
The quality of our audit starts with our 6,500 assurance professionals in Greater China, who have the breadth of experience that comes from auditing many leading and fast growing companies.
We provide a consistent audit by assembling the right multidisciplinary team to address the most complex issues, using a proven global methodology and deploying the latest, high-quality auditing tools and perspectives.
Our substantial investments in knowledge, technology and learning resources for our audit professionals allow us to deliver quality assurance services to our clients. We can help you by assessing your procedures and controls relating to privacy and confidentiality, performance measurements, systems reliability,information security, and outsourced process controls.
Our global audit methodology We design a customized audit plan that concentrates on the business areas significant to your financial statements and that are critical to your risk profile. The result is not only an efficient audit — it is also one that we believe will be effective. Our early identification of business and control vulnerabilities and opportunities makes it possible for us to focus our audit effort on those areas of greatest risk.
The important features of our audit approach include:
- Global audit methodology and documentation approach: Our methodology, approach and knowledge and technology tools enable our professionals to deliver a consistent, high-quality audit anywhere in the world.
- Excellence in audit execution: To train our teams to appropriately apply our audit methodology and tools, we have developed an intensive client-by-client training approach that we call “Audit Quality”.
- Commitment to quality and controls: The responsibility for the quality of our audits rests with each of our audit partners and every member of our client teams. Their personal commitment to compliance with the highest professional ethics, standards and our organization’s quality controls is the foundation of our commitment to professional excellence.
| Finance performance improvement starts with framework Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line. Counterparty nonperformance risk Counterparty nonperformance risk (pdf, 655.3kb) is a key risk that warrants increased focus by management and audit committees. This publication highlights important accounting and reporting considerations including identifying key risks in the current market.
BoardMatters Quarterly June 2009: Audit committees: Looking forward in a time of uncertainty Despite the challenging fiscal climate, there are a few optimistic signs of change in today’s economic environment. This issue of BoardMatters Quarterly (pdf, 2.3mb) is dedicated to helping audit committees understand the issues that lie ahead and suggests areas of focus going forward. Learn more on our Audit Committee site.
Current Economic Conditions The accounting and financial reporting implications of the current economic environment continue to be at the forefront of many companies’ and audit committees’ minds. We have comprehensively updated the booklet Current Economic Conditions (pdf, 1.4mb) to assist you in understanding and addressing certain accounting and financial reporting issues that may warrant increased focus because of the current market conditions.
The top 10 business risks for 2009 What challenges are likely to affect your company in 2009 and beyond? The credit crunch aftershocks and the deepening global recession rank as the most important business risks for 2009, displacing regulation and compliance from the top spot. Green initiatives, competition from new entrants, human capital issues and reputational risk all rose in The 2009 Ernst & Young business risk report — the top 10 risks for global business.
Addressing XBRL eXtensible Business Reporting Language (XBRL), is single digital financial reporting standard which makes it possible to store business and financial information in a computer-readable format. XBRL doesn’t change the accounting standards or methods used for business and financial reporting, but it is predicted to have a profound impact on various stakeholders. Our publication Addressing XBRL (pdf, 919kb) explores key questions including:
- Regulatory compliance
- Benefits and Return on Investment
- Investor relations
- XBRL and IFRS
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