EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Recent Searches
Internal Audit Transformation services
In Consulting
EY is revolutionizing Internal Audit (IA) delivery through technology enablement and our strategic alliances. By harnessing advanced analytics, artificial intelligence, and automation, we aim to enhance the accuracy, speed, and effectiveness of audit activities, allowing auditors to focus on delivering strategic insights and risk management, ultimately driving greater value for clients.
Your business challenge
Organizations face increasing opportunities and challenges from client expectations, technology advancements, changing market and regulatory landscapes. In this environment, internal audit plays an important role in helping leadership navigate a spectrum of business risks.
Following traditional audit approaches is increasingly difficult in providing adequate assurance coverage and relevant business insights to stakeholders. Audit executives are challenged to answer these questions:
How can we provide higher value and reduced assurance costs, given the evolving business and technology landscape?
How can we be proactive in identifying emerging risks and organizational capability blind spots?
How can we provide value-adding actionable insights and answer questions that have not been addressed before?
How do we define a vision for an IA function that leverages human business and subject-matter expertise and technology automation?
Solution benefits
Positioning our value-driven activities and foundational elements to maximize IA’s impact, influence and involvement in risk management, governance and control. Beneficial outcomes include:
Improved operational efficiencies and cost-effectiveness
Deeper insights needed to build trust through transformation
Stronger ability to manage business growth with confidence
Solution features and functionality
We structure our IA solutions into the following categorizes:
IA Transformation:
Assessment of internal audit function’s current state and design, build or enhance program to increase impact, influence and involvement of internal audit.
Technology-driven transformation focused on optimizing usage of current enabling technology with a roadmap for continued advancement and improvements.
IA Co-source and Outsource:
Partnering with clients, the internal audit service offering is designed to help organizations enhance their internal audit functions through use of technology, improve risk management, and achieve their strategic objectives. Inclusive of IT and business process/operations.
IA Quality Assessment Review:
Assessment of the internal audit function against the IIA Standards (other applicable standards), EY proprietary maturity model and industry/peers to identify gaps, highlight improvement opportunities and design appropriate recommendations.
Why EY
EY teams have a mature IA service offering based on providing value to IA functions with global footprints. Our flexible, scalable services help organizations realize desired future state IA capabilities through better risk coverage and increased stakeholder value with cost-effective delivery.
EY Alliance and Ecosystem Relationships
The Team
Our latest thinking
When the world shifts overnight, can you operate at the speed of trust?
Risk operating models must become strategy-first, trigger-based and governance-forward. Learn how Risk Strategists are leading the way.
Three strategic priorities for banking CROs in 2026
The EY/IIF bank risk management survey highlights the need for increased agility against diversifying risks. Find out more.
How can reimagining risk prepare you for an unpredictable world?
The 2025 EY Global Risk Transformation Study explores how Risk Strategists see disruption earlier, adapt faster and respond with more precision.
How AI navigates third-party risk in a rapidly changing risk landscape
Learn what the 2025 EY Third-Party Risk Management survey reveals about new AI-driven approaches to managing risks in a more volatile environment.
The five habits of successful Geostrategists
All companies are shifting strategies to adapt to geopolitical risk. Here is how to invest more efficiently and strategically than your competitors. Read more.
Top 10 risks for telecommunications in 2025
As communications operators continue to manage an expanding array of threats, here’s the EY analysis of the 10 biggest risks they face in 2025. Learn more.
Top 10 risks for the government and public sector in 2025
The risk landscape for governments is complex and interconnected. Discover the top 10 risks and how mitigating them will build trust and prove value.
How boards can confidently steer an AI-enabled future
By balancing growth strategies and risk mitigation with AI, Boards can build confidence, create value, and augment human potential. Learn more.
Four regulatory priorities to drive financial institutions' focus in 2025
Our Global Financial Services Regulatory Outlook has four regulatory priorities to drive financial institutions' focus in 2025. Download the report.
Americas board priorities 2025
Find out what board members in the Americas are focused on in 2025.
Top 10 geopolitical developments for 2025
Geopolitical risk will remain elevated due to economic sovereignty and global rivalries. Learn how to manage the uncertainty to grow your business.
How private boards unlock value by elevating risk management
Private boards can unlock value by elevating risk management. Learn more.
Why today’s banking CRO must be master of many trades
The EY/IIF global risk management survey results surface new challenges faced by today’s CRO as their strategic and tactical remit expands. Read more.
Top 10 geopolitical developments for 2024
An even more complex geopolitical environment is on the horizon. Learn how businesses need to innovate and adapt their strategies to stay ahead.
How to balance opportunity and risk in adopting disruptive technologies
Adopting disruptive technologies is a critical challenge for organizations seeking to drive stronger compliance strategy while embracing innovation. Learn more.
Top 10 risks for telecommunications in 2024
As telecom operators continue to navigate a complex and shifting global industry landscape, we examine the top 10 risks they face. Learn more.
2023 EY Global Third-Party Risk Management Survey
The 2023 EY Global Third-Party Risk Management Survey highlights a growing demand for data-driven third-party risk assessment. Read more.
What if the difference between adversity and advantage is a resilient board?
Boards must improve resilience to mitigate risk and gain a competitive advantage. Find out how.
How businesses can stand the test of time
Businesses are struggling to thrive in times of extreme uncertainty and complexity. Learn how your enterprise can build resilience as a capability. Learn more