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.


  • Fraud

    Fraud, bribery and corruption continue to expose companies to heightened financial, regulatory and reputational risk

    The findings of our fraud survey indicate that there remains a widespread tolerance of unethical behavior that goes to the very top of a business

    They show that bribery and corruption are considered to be rife, while few individuals are willing to recognise that it could happen in their own industry sectors. Despite this, respondents to our survey indicate that there has been a decline across the board in the use of anti-fraud and anti-bribery measures precisely during a period when the incentives to act unethically have been the highest.

    There exists a real need for companies and those charged with their governance and oversight, to revisit their focus on the risks of fraud, bribery and corruption. Given the current environment, more robust anti-fraud and anti-corruption efforts are an imperative.

  • Corporate governance

    Increasing transparency, improving control

    Economic conditions have improved, 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 organisations are choosing to report on sustainability or corporate social responsibility (CSR). Sustainability reports help internal and external stakeholders understand how well the organisation 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 a valuable communications tool. They can help with cutting costs, efficiency, achieving business imperatives and accountability.

    Learn more about how we can help.


Related content

EY - Finance 4.0

The role of the CFO and finance function in a 4.0 world

The fourth industrial revolution will have a profound impact on finance. Find out how the CFO can ensure the finance function is fit for a 4.0 world.

EY - The future of assurance viewpoints

The future of assurance viewpoints

Our Future of Assurance Viewpoints series addresses the future of audit and the wider assurance landscape following new EU audit legislation.


Contact us

EY - Hywel Ball

Email Hywel Ball
Managing Partner Assurance, UK and Ireland, & UK Head of Audit
+44 (0)131 777 2318
EY - See Hywel Ball's LinkedIn profile linkedin

   
EY - Andrew Walton

Email Andrew Walton
Assurance Markets Leader, UK and Ireland
+44 (0)20 7951 4663
EY - See Andrew Walton's LinkedIn profile linkedin

 

Connect with us

Stay connected with us through social media, email alerts or webcasts.

Email alerts

Select the “Assurance” option here to receive the latest Reporting and EY Assurance content via email.


Relevant services


About EY Assurance

EY Assurance represents auditing, financial and reporting professionals focused on building a better working world for our people, clients and communities.
Our service offerings include Audit, Financial Accounting Advisory Services (FAAS) and Fraud Investigation & Dispute Services (FIDS).Our service offerings include Audit, Financial Accounting Advisory Services (FAAS) and Fraud Investigation & Dispute Services (FIDS).