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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.

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.

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
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. 

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.

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