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Ernst &Young >Services>Assurance Our Approach - Ernst & Young - China

Explore the advantages of 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 firm’s quality controls is the foundation of our commitment to professional excellence.

IFRS Outlook May / June

Our latest issue of IFRS Outlook covers what you need to know about the following standards issued:

• Consolidation
• Joint arrangements
• Disclosure
• Fair value measurement

Also, find out which projects the IASB and the IFRS Interpretations Committee are currently discussing.

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