Unlocking the value of the audit

Our commitment to innovation drives audit quality, relevancy and transparency.

Leading with a data-first mindset

Our people keep asking better questions. Data and analytics spark curiosity among our teams and propel us to share insights continuously and proactively with our clients.

  • Digital GAM

    Throughout the audit, we begin each task by considering data first, whether it is planning for the audit, performing a risk assessment or responding to risks.

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  • Enhanced data visualization

    Using data to better identify risks, our teams can paint a clearer picture of business trends impacting the audit.

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  • Anomaly detection

    Our teams use our Helix analyzers and data visualization tools and technology to easily spot activity that is out of the ordinary and ask management for an explanation.

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  • Year-over-year views

    Our advanced analytics empower our teams to break down year-over-year views to pinpoint exactly where and how a business may have changed over time.

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  • Pattern recognition

    We drill down to the transaction level to see details such as whether a transaction was processed automatically by an IT system or whether an individual processed it.

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Sector-driven innovation

No two businesses are alike. To assist EY teams in their audit work, we have developed a robust library of EY Helix analyzers, including a growing number that are specifically designed for audits of companies in a variety of sectors. These tools are used to perform risk assessments, identify anomalies and obtain audit evidence.

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Some recent examples:

The EY audit approach

Learn how our approach puts data at the center of everything: engaging our exceptional talent, delivering value and building trust.

Leveraging emerging technologies to enhance audit quality

 

We’re driving innovation by investing in new ideas and accelerating technology development in emerging technologies to help execute a higher-quality audit and
enhance how we serve clients today.

Artificial Intelligence (AI)

Artificial intelligence (AI) techniques — most prominently machine learning — allow us to look at data using advanced pattern recognition and harness this functionality to digitally assist our auditors by:

  • Analyzing and extracting data from unstructured data, such as contracts, invoices and images, to gain further audit evidence
  • Analyzing large sets of data to help identify, assess and respond to the risks of material misstatement due to fraud
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Blockchain

Our proprietary EY Blockchain Analyzer: Reconciler is our EY Helix solution used to assist teams with the performance of audit procedures over an entity’s digital asset balances and transactions.

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Audit services

Powered by the capabilities of our teams and our global technology platform, the EY data-first approach delivers high-quality audits that empower audit committees and management to focus on the risks that matter most.

 

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Audit experience — designed for private

Scaled to meet the unique needs and requirements of private companies, our teams have bespoke services and offerings to support private businesses at every stage of their evolution.

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Let’s have a conversation

Get in touch. We’re ready to help.

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