AssuranceAt Ernst & Young we place the highest importance on the quality and integrity of our audits. We deliver to clients quality assurance services in an independent, objective and ethical manner. Our value We believe in providing a reliable and thorough audit - this is our starting point. In addition we will raise your expectations of what an audit firm can provide. We deliver added value and will benchmark our performance. Ernst & Young's Global Audit Methodology optimises the value obtained by our clients through a customised audit service that is built on: - Assessment of and response to client needs
- Focus on Business Risk Industry specific teams
- Staff continuity
- Local and international benchmarks of client performance
- Structured feedback
- Risk assessment of business processes and industry context
- Extensive use of automated techniques
| 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. Opportunities in adversity: accelerating the change In January 2009, we published our Opportunities in adversity study to provide a basis for discussion with executives as they grappled with the implications of the economic downturn. Six months on, and after having held thousands of client meetings, we have reviewed our experience and summarized key findings to provide you with additional perspectives. Insights on management options are included in a series of related white papers, published in the “Opportunities in adversity section”. Escalating the role of internal audit Internal auditors face new opportunities and a growing skills gap as management increasingly looks to them for business improvement recommendations and coverage of a broader range of strategic and operational risks. Global internal audit survey 2008 examines the current and evolving state of the internal audit function and how chief audit executives are meeting the heightened expectations of stakeholders. Opportunities in adversity At Ernst & Young, we are interested in understanding how companies are reacting to the current crisis and learning from their experience and best practice. Uncertainty cannot be allowed to become inaction, performance is relative, a risk is an opportunity that has not yet been exploited. Whatever a company's position in the current economic climate - from cash-rich to deeply distressed - there is now a great need for decisive management action. There is opportunity in the adversity of the worst of markets. Find that opportunity right now. Read more Global Audit Methodology The disclosure of substantial accounting errors or irregularities at a number of companies in the recent past have focused attention on the importance of a high quality, rigorous, effective and challenging external audit. Ernst & Young has invested substantial sums in developing a robust audit approach, entitled the 'Global Audit Methodology', to ensure that all worldwide audits are completed to a consistently high standard using state-of-the-art computerised tools and software. This software, which is proprietary to Ernst & Young is called GAMx. Overall our combination of people, process and technology is designed to optimise the value our clients receive through: - The quality of assurance provided
- The quality and range of business ideas generated
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