EY named joint winner of Innovation Award at Singapore Accountancy Awards 2016

Singapore, 25 August 2016

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Ernst & Young LLP Assurance Manager, Belinda Teo, clinches Young Accountant in Practice Award

EY has been named joint winner of the Innovation Award in the open category at the Singapore Accountancy Awards 2016 this evening. The award seeks to recognize nominees for their innovative initiatives to enhance the quality of their services and provide unique services that distinguish them from their competitors.

This is the second consecutive time that EY has been honored at the biennial Singapore Accountancy Awards. In 2014, EY clinched the Productivity & Innovation Award.

Mr. Max Loh, EY Asean and Singapore Managing Partner says:
“This award belongs to everyone in EY – we’re only as good as our people’s commitment to embrace an innovative mindset and approach in everything they do. I hope this award will inspire practitioners to keep on the cutting edge of innovation in the professional services industry, which is important to strengthening Singapore’s bid to be a leading global accountancy hub for the region.”

Mr. Loh adds: “Digital technology, globalization and demographic changes are transforming economies, businesses and the profession. Seizing the upsides of these changes requires agility through innovation. This award validates our efforts in developing new technologies, strategies and services that improve how we operate and how we serve our clients. From making our audits and advice even more insightful and relevant for our clients to enhancing our workplace, processes and systems for greater productivity, connectedness and collaboration, it’s a continual investment and journey.”

Some of the investments that EY has made to innovate its service offerings, client service delivery and work environment include:

  • Embedding analytics across services: A new analytics platform, EY Helix, provides assurance professionals the ability to analyze larger volumes of audit-relevant data to derive insights and a more in-depth understanding of clients’ financial close and business operations. Analytics is similarly used in the other practices, including tax, transactions and advisory services.
  • Innovating audit through technology: EY’s new Sustainable Audit Quality framework is its globally consistent approach to delivering quality audit across the organization, by updating its audit tools, tailoring methodologies and innovating service delivery through analytics.
  • Bringing new services to market: EY continues to innovate and grow its suite of service offerings – whether organically or through strategic acquisitions and alliances – to help clients meet the evolving demands of business. Some of these services include the newly launched EY Asia-Pacific Centers of Excellence for Advisory, Cyber security, Analytics and Manufacturing Excellence; the integrated People Advisory Services, Operational Transaction Services, and others.
  • Workplace of the Future: EY has introduced the Workplace of the Future (WOTF) in several locations globally, including Singapore. WOTF promotes a trust-based and flexible environment, and provides energizing and efficient workplaces that are enabled by technology for collaboration, productivity and performance.

Assurance Manager Belinda Teo wins Young Accountant in Practice Award

EY is also pleased that Ms. Belinda Teo, Manager, Assurance, Ernst & Young LLP, was selected the Young Accountant in Practice Award. This award recognizes young accounting professionals who have demonstrated leadership, professional qualities, knowledge and experience, and professional achievements.

Ms. Belinda Teo says:
“I am very thankful to those who have believed in me to help me achieve what I never imagined would have been achievable. Winning this award is a great recognition for someone who is still young in her career journey and also an encouragement to continue to do my best in contributing to the wider profession. I believe that the Singapore Accountancy Awards will continue to encourage others to look beyond themselves and seek opportunities to be change-makers in the accountancy sector.”

Mr. Loh adds: “We are very proud of Belinda’s achievements and her well-rounded contributions to EY and the profession. She exemplifies how as an individual, she is bringing our organizational purpose of building a better working world to life through her daily work in serving her clients as well as contributing to the broader accounting fraternity.”

Organized by the Institute of Singapore Chartered Accountants, and supported by the Accounting and Corporate Regulatory Authority and the Singapore Accountancy Commission, the Singapore Accountancy Awards are a mark of excellence for businesses and individuals while promoting good practices and strengthening the branding of the profession and industry.


Notes to Editors

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In doing so, we play a critical role in building a better working world for our people, for our clients and for our communities.

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. For more information about our organization, please visit ey.com.

This news release has been issued by Ernst & Young Solutions LLP, a member of the global EY organization.