In Assurance, trust and confidence, which has always been vital to financial information, continues to take on new meaning as stakeholder requirements evolve. With the agile and intelligent use of technology and digital solutions, EY Assurance teams are delivering new, and strengthening continuing, services to provide a new level of trust to promote investor confidence and help organizations meet regulatory responsibilities, manage risk and support long-term, sustainable economic growth.
In Audit, serving the public interest through the delivery of high-quality audits consistently around the world is a top priority. EY professionals have an important role in instilling trust and confidence in the capital markets – and beyond. Significant investments continue to be made to deliver state-of-the-art tools and develop our organization’s people. EY audit teams embrace a digital-first approach and are supported by a more than US$600m investment in new and emerging technologies.
The EY Digital Audit is the first connected, data-driven audit, digitally transformed and technology enabled from end-to-end. EY audit professionals, and the companies we audit, are connected through EY Canvas, a global audit platform. Audit procedures and processes have been automated reducing client burden and enhancing the focus on areas requiring auditor judgment. And, through the use of global data analyzers and analytics, EY audit professionals use an advanced data-driven approach to building audit evidence to support conclusions.
The EY Digital Audit promotes quality, curiosity and professional skepticism. Investors can be more confident in the financial reporting of EY audit clients, and audit committees and companies’ management teams benefit from greater, data-driven risk insight and new perspectives.
To meet the unique requirements of private companies, EY has also developed the EY Private Client Audit Experience. A customized experience, it utilizes enhanced tools, technologies and guidance specifically formulated for private companies, embraces the benefits of leading-edge technology and facilitates a deeper dive into each business.
EY Financial Accounting Advisory Services teams continue to help finance leaders interpret, communicate and shape the strategy around the numbers they report. From advising on complex issues arising from new accounting guidance to improving existing reporting processes, the goal is to help organizations improve insights, raise trust and strengthen decision-making in ongoing reporting and transactional situations.
And with an ever-increasing focus on the environment, health and safety, and sustainability – as well as investor interest in non-financial information – there have been enhancements to EY Climate Change and Sustainability Services to measure value beyond what is captured on the financial statements.
EY Forensic & Integrity Services professionals help organizations protect and restore enterprise and financial reputation. They assist companies and their legal counsel to investigate facts, resolve disputes and manage regulatory challenges, and put integrity at the heart of compliance programs to better manage ethical and reputational risks.