How can a high-quality audit deliver confidence from complexity?

As part of transforming the audit, a new, modern approach is being implemented. The EY Global Audit Methodology optimizes the way EY teams perform high-quality audit work. It provides clear guidance and direct linkage with the underlying auditing standards, making it easier to demonstrate how the audit procedures correspond to the requirements.

Greater consistency is also achieved through standardizing both risk assessment and determination of relevant audit procedures, within a standardized suite of documentation, facilitating the review process and enabling auditors to focus more on risk.

As part of a multibillion-dollar commitment to audit quality, technology and people, EY announced the global roll-out of enterprise-scale agentic AI in Assurance, marking a fundamental shift toward AI-transformed audits.

EY is directly embedding a new multi-agent framework into EY Canvas — the single, global Assurance technology platform. The new capabilities will help audit teams orchestrate complex tasks, processes and technologies, and address risks more dynamically, while accessing continuously updated auditing and accounting guidance — at unprecedented scale and speed.

All of this supports audit quality and consistency through deeper data analysis, systematic identification of risks and augmenting professional, human judgment at all stages of the audit.

This technology is underpinned by a modern approach for EY auditors, which will reduce administrative burden for clients, improve risk assessments, and maintain the fundamental role of human judgment, skepticism and insight.