The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。

Leading-edge digital technology powering the EY audit

Innovating the audit to deliver quality and value

There has never been a better time to disrupt and innovate to provide an audit with an even greater focus on quality.

At EY we are embracing the benefits of the latest technologies and integrating them into our audit processes to respond to the evolving needs of business, regulators and investors.

We innovate and invest in innovation because we are committed to building a better working world and to providing the capital markets with greater confidence, a better business perspective and enhanced transparency.

Felice Persico, EY Global Assurance, Vice Chair

Felice Persico

EY Global Assurance, Vice Chair

Audit quality is at the heart of our innovation strategy

Audit Quality: a globally sustainable approach

The Sustainable Audit Quality (SAQ) program is EY’s commitment to conducting globally consistent, high-quality audits sustained over time. SAQ demonstrates EY's determination to keep audit quality as our primary focus. It is the single most important factor in our decision-making, and the key measure on which our professional reputation stands.

Audit quality: a globally sustainable approach examines the progress that has been made under the six SAQ components: tone at the top; strengthen people capabilities; simplification; audit technology and digital; enablement and quality support; and accountability.

Read more

Audit quality is at the heart of our innovation strategy

In our journey to building a better working world, we will continue to innovate and integrate new technologies into our audit process.

Drone technology

Unmanned aerial vehicles piloted remotely. Our developments include:

  • Assessing the use of drones to assist with inventory observations
  • Assessing the integration of inventory observations with drones and our mobile applications

Artificial Intelligence

Computing systems that exhibit some form of human intelligence. Our developments include:

  • Investigating the use of AI in the audit process and our research capability
  • Digitalizing large volumes of unstructured contract data and incorporating machine learning to assist with revenue and leases contract reviews

Blockchain

A distributed database/ledger that maintains a continuously growing list of data records(public and private) put together in encrypted blocks. Our developments include:

  • Working across the organization on helping our clients understand the impact of blockchain
  • Assessing the audit impact of blockchains and developing new techniques to audit

Robotics process automation

Enhanced automation has been a key component in the development of EY Canvas and EY Helix, which now allow us to further improve audit efficiency through the incorporation of robotics process automation (RPA). Our pilots include:

  • Transforming our audits of funds in the financial services sector through automation
  • Automating the production of audit-ready work papers across the portfolio of statutory audits of our largest clients
  • Developing discrete RPA objects to help automate routine and non-judgemental audit procedures such as loading client data to our analytical tools and sampling
  • Innovation workshops on our largest clients to identify EY routine audit procedures that can be automated
 

Contact our leaders

Felice Persico

Felice Persico

Global Assurance, Vice Chair

+39 02 7221 29626
Hermann Sidhu

Hermann Sidhu

Global Assurance Digital Leader

Jeanne Boillet

Global Assurance Innovation Leader

Karen Hochrein

Global Assurance Talent Leader

Resources

 

Related videos

EY Canvas

EY Canvas, our next generation global audit platform, allows us to better identify your risks and appropriately respond to them.

EY Canvas mobile apps- collaboration on the go

EY Canvas Pulse and EY Canvas Engage are two apps working hand-in-hand with EY Canvas (our global audit tool) to enhance collaboration, real-time transparency with clients and flexibility in our work.

Blockchain

Some say it will be as big as the internet, so what exactly is blockchain? Our video explains what blockchain does, how it works and the ways in which it will affect us.

 

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