• Audit Committee Bulletin: June 2014

    We address the risk and governance topics that are top of minds in audit committee meetings and network discussions across Europe and beyond.

  • Reinforcing the commitment to ethical growth

    Our latest fraud survey reveals a concerning level of global fraud bribery and corruption with boards struggling to respond to existing and emerging risk.

  • Reporting magazine: Issue 7 – May 2014

    In the latest issue, learn why investors are placing increasing importance on non-financial indicators, how big data can improve business performance, and more.

  • Let’s talk: sustainability, Issue 2

    In this issue, we discuss environmental and social shareholder proposals, driving value with credible sustainability goals, GHG emission opportunities and competitive advantages in government procurement.

  • Leading practices for audit committees

    As an audit committee member, your role is increasingly complex and demanding. We share some leading practices to consider as you carry out your role.

  • Board Matters Quarterly, April 2014

    From cloud computing to social media, we discuss the challenges and opportunities of digital technologies, and provide questions for boards and audit committees to consider.

  • Mining big data to mitigate corruption risk

    Advanced forensic data analytics tools can help companies manage the risks of fraud and corruption. Learn how in our Global Forensic Data Analytics Survey.

  • Succession planning for the boardroom and C-suite

    Want to maintain the right mix of institutional knowledge and fresh perspectives within a leadership team? Succession planning is key. We share some leading practices.

  • Board Matters Quarterly, January 2014

    We discuss the role of directors in handling big data, and how anti-corruption compliance in many companies requires big data analytics.

Assurance Services

Meeting today’s auditing, financial and reporting challenges

The global business landscape is being reshaped by transformational events and trends. And that means the financial and reporting environment is also being reshaped, resulting in significant challenges for management, boards, audit committees and auditors.

We can help you understand and address today's most critical financial and reporting issues.

  • Accounting change

    When change is on the agenda

    It's not just about guidance. It's about where your business is going.

    Worldwide, standards setters have never been more active—and the scope of ongoing accounting change is unprecedented. Even without a move to IFRS in the US near-term, accounting guidance is forecasted to undergo unprecedented change in the next few years.

    But managing accounting change is not only about monitoring changes proposed by the FASB and the IASB. Even while standards setters are working to converge standards in critical areas—including accounting for leases, revenue recognition, and financial instruments—companies make strategic decisions that require significant accounting change as well. These may include:

    • Strategic acquisitions that require conversions from or to US GAAP
    • Equity investments, IPOs, or debt offerings, where you need to understand the impact on your balance sheet
    • Derivatives contracts for commodities, or complex financial instruments
    • Transformational changes to financial reporting processes, such as ERP or shared service implementations

    Any of these initiatives can dictate changes to your accounting and financial reporting—and can affect key financial performance measures. All can change your profile of risk. To address their impact, you'll need to review accounting treatments and disclosures in critical areas, reexamine financial reporting processes, and effect systems change. We can help.

  • Fraud

    Integrity delivers benefits

    Companies that act with integrity in addressing fraud, bribery and corruption have an advantage with real business benefits. To that end, we help companies manage risk, investigate alleged misconduct and measure the financial implications of disputes.

    When unusual financial activity is suspected, we can investigate, perform electronic evidence discovery and review financial reports — all with the sensitivity and urgency required. And, except as it relates to those companies we audit, if necessary, we can provide expert witness testimony to explain our findings.

    That’s why some of the world’s largest companies — and many of its best-known law firms — turn to EY.

    Check back for our 12th Global Fraud Survey, scheduled for release in May. In the meantime, see Bribery and corruption: navigating the global risk, which highlights some of the ways bribery and corruption create an uneven playing field in trade, commerce and government.

    Contact your local Fraud Investigation & Disputes professional.

  • Corporate governance

    Increasing transparency, improving control

    Economic conditions generally improved during the past year, but uncertainties still remain. The world is demanding greater corporate transparency. Investors want access to more accurate and relevant information about companies, transactions, markets and risks. Regulators are moving to exert more control.

    There’s much debate about how corporate governance should evolve. It’s a debate that’s being held against a background of legislative and regulatory change, the implementation of International Financial Reporting Standards and increased public scrutiny. We believe that global coordination is a necessity, not a luxury, in today’s interconnected and interdependent markets. Regulators and standard-setters need to continue to work together, to promote global consistency.

  • Sustainability reporting

    A growing trend toward disclosure of nonfinancial information

    In the face of mounting pressure to be transparent, an increasing number of organizations are choosing to report on sustainability or corporate social responsibility (CSR). Sustainability reports help internal and external stakeholders understand how well the organization adheres to the "triple bottom line" of environmental, social and economic performance.

    Seven things you should know about sustainability reporting

    1. 3,000+ companies issue sustainability reports.
    2. Stakeholders increasingly expect companies to provide sustainability reports.
    3. Sustainability reporting can bring operational improvements, strengthen compliance and enhance corporate reputation.
    4. Reports should contain key performance indicators (KPIs) relevant to the reporter's industry, such as materiality, stakeholder inclusiveness, sustainability context and completeness.
    5. Sustainability reports are more closely monitored than ever before.
    6. Sustainability reporting presents many challenges, including:
      • Data consistency
      • Striking a balance between positive and negative information
      • Continually improving performance
      • Keeping reports readable and concise
    7. Sustainability reports can be valuable communications tools. They can help with cutting costs, and achieving efficiency, business imperatives and accountability.

    Visit our Climate Change and Sustainability Services site.

  • Accounting, auditing and governance/regulatory matters

    Accounting and auditing

    Accounting and auditing matters continue to evolve at a fast pace. Trying to stay ahead of what’s next is critical. AccountingLink is your virtual newsstand of US technical accounting guidance and financial reporting thought leadership.

    It’s a fast and easy way to get access to the publications produced by our US Professional Practice Group as well as the latest guidance proposed by the standard setters.

    Our updated AccountingLink site makes it easy for you to read and locate important publications and resources such as:

    • To the Point
    • Technical Line
    • Joint Project Watch
    • Financial Reporting Developments
    • Standard Setter Update
    • Financial Reporting Briefs
    • SEC Financial Reporting Series
    • SEC Comments and Trends
    • US Week in Review
    • Links to valuable resources, including our global IFRS website on ey.com 

    Visit our AccountingLink site.

    Governance and regulatory matters
    Regulatory activity in the US and around the global has increased tremendously. Policymakers have been very active in proposing reforms to corporate governance, financial reporting and the role of audits and the audit profession.

    We are actively monitoring this activity and have developed a series of materials to help you understand the ever-evolving landscape as well as provide insight into our point of view on new measures.

    Visit the Governance and reporting section of our ey.com/US site.

    Visit the Public policy section of our ey.com/global site.

Connect with us

Stay connected with us through social media, email alerts or webcasts. Or download our EY Insights app for mobile devices.

Thought Center Webcast Promotion

SEC comments and trends: current reporting issues
Date: Wednesday, 24 September 2014
Time: 1:00-2:00 p.m. ET

Registration: To register for this event, go to SEC comments and trends

Gain valuable insights into the US Securities and Exchange Commission (SEC) comment letter process, including common areas of focus and recent trends, as you head into the year-end reporting season.

EY's annual SEC comments and trends publication will be issued during the webcast. Further, a panel of Ernst & Young LLP partners and former SEC staffers will share their first-hand experiences, observations and lessons from the SEC comment letter process. They also will discuss the latest developments related to the SEC’s disclosure effectiveness initiative, including;

  • A “behind the scenes” look at the SEC staff’s filing review process
  • SEC comment letter hot topics, recent trends and emerging areas of focus
  • Best practices and tips for working with the SEC staff
  • SEC staff observations from its disclosure effectiveness initiative

Join our webcast to improve your year-end reporting and better tackle your next SEC comment letter.