A quality EY audit

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A quality EY
audit
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“We believe a high-quality
audit helps to build a
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Mark A. Weinberger
EY Global Chairman and CEO
2
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Innovating the audit to
drive quality and value
Making it even better and more relevant to you
In our journey to build a better working world, we are continually
innovating to advance the audit so that it better meets the evolving
demands of business, regulators and investors. We’ve engaged
several of the world’s leading strategy and design firms to be part
of our innovation journey, advancing our technology, analytics and
the skills and breadth of our people.
Our aim is to build confidence in business and capital markets by
providing high-quality assurance that is relevant today and in the
future. We want to be known for delivering consistent high quality
audits, while meeting regulatory benchmarks; providing greater
transparency to investors and the markets; and evolving the audit
to deliver more meaningful insights to audit committees and
company boards.
We believe that auditing in today’s world is both a science and an
art. Science is the accuracy and rigor, the technical, procedural and
methodical. Art is the independent thought, professional skepticism
and judgment developed by our people over time. Together, they
drive quality, confidence, transparency and perspective.
We’re innovating to make the audit better — combining advanced
technology and online tools with individual auditor judgment and
expertise to deliver higher quality with more relevance and value.
A quality EY audit |
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Delivering greater
confidence in financial
reporting and in
capital markets
4
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A quality
EY audit
A
quality
EY audit
Delivering confidence, transparency and perspective
The EY audit is focused on
quality, bound by a service
approach that is connected,
responsive and insightful.
Confidence — feel confident in your financial reporting
Transparency — gain on-demand visibility into your
company’s audit
Perspective — see your business from a different
perspective and anticipate and respond to trends,
opportunities and risks
A quality EY audit |
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Transparency
Gain on-demand visibility into your company’s audit through
our transparent audit approach.
Benefits:
A
quality
EY audit
•
Enhanced efficiency: Receive real-time global updates on the
status of the audit and improved means of communication,
delivered through one online platform, EY Canvas.
•
Manage your exposure to risk: Get a clearer view of your
global audit and identified risks, delivered by all teams using
one consistent methodology and one online audit platform.
•
Faster issue resolution: Deal with issues and avoid surprises
through timely information enabled by greater visibility into
your audit.
Confidence
Perspective
Feel confident in your financial reporting through a
high-quality audit that is tailored to your business
and sector and is focused on identifying risk.
See your business from a different perspective and anticipate
and respond to trends, opportunities and risks through insights
obtained throughout the audit.
Benefits:
Benefits:
•
Confidence in financial reporting: Deliver high-quality, reliable
and relevant reporting enabled by EY Canvas, our state-of-theart global online audit platform that supports our teams to stay
focused on your risks.
•
Anticipate and respond to emerging trends: Leverage the
strength of EY’s global networks to help you anticipate trends,
identify the implications and develop a response.
•
•
Understand business risks: Gain a clearer view and
understanding of your risks, brought to you by our teams
using EY Helix — our data analytics suite.
Get an enhanced view of your business: Gain meaningful
insights into your business — delivered by our teams using EY
Helix, our suite of data analytics.
•
•
Increase stakeholders’ confidence: Safeguard your
reputation and increase the confidence of investors, market
and regulators as you make decisions based on risk-focused
information, provided by our consistent global audit.
Gain another perspective: Understand business improvement
opportunities identified through our benchmarking capabilities,
expertise and constructive challenge.
•
Evolve for the future: Receive insights and perspectives
on matters, such as corporate culture, sustainability and
corporate governance to help to shape your reporting and
business for the future.
•
6
Work with trusted professionals: Trust in our dedicated
team to deliver a high quality audit, bringing you professional
skepticism, expertise and experience.
| A quality EY audit
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through
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Revealing a deeper
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A quality EY audit |
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EY Canvas
Our state-of-the-art global
audit platform
8
EY Canvas, our next generation global audit platform, enables us
to deliver a higher quality audit by:
•
Linking all teams through one global methodology and one
online global audit platform to deliver one seamless audit
to you
•
Allowing us to better identify risks and appropriately respond
to those risks so we can report findings promptly
•
Supporting centralized planning and monitoring of the global
audit, providing enhanced capability to the primary team
•
Quickly customizing our audit approach and making relevant
changes across all geographies to support the ever-evolving
regulatory environment
•
Providing the ability to monitor the status of the audit in
real-time
•
Allowing us to capture, flag and share global audit findings
as they arise
•
Improving how information and requests between our teams
are shared and monitored through our online portal
| A quality EY audit
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EY
Our g
of dat
enables us
EY Helix
EY Helix, our suite of analytics, enables us to deliver a
higher quality audit by:
•
Providing greater confidence in financial reporting as we
identify hidden patterns and trends in your financial data
and provide better business insights
•
Allowing us a deeper understanding of your business by
analyzing larger populations of audit-relevant data to
present a fuller picture of activities and identify the risks
that matter
ng relevant
r-evolving
•
Identifying trends and anomalies in your processes and
controls, helping direct our investigative effort in the
right areas
udit in
•
Delivering relevant feedback and insights during the audit,
so you can optimize your business processes and controls
findings
•
Saving your team valuable time and effort through
our globally-integrated data capture and extraction tools
and one
s audit
ely respond
the global
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Our global suite
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our teams
al
A quality EY audit |
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EY Atlas
Our state-of the-art global
accounting and financial
reporting research platform
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EY Atlas, our new research platform, enables us to deliver
a higher quality audit by:
•
Providing faster, better and more relevant research results
•
Being fully integrated with EY Canvas and providing our
audit team the most relevant up-to-date accounting, auditing
and industry information
Our EY Atlas Client Edition also gives your team direct access
to EY technical insights relating to accounting, financial reporting
and regulatory filing matters.
| A quality EY audit
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Providing enhanced
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audit process
A quality EY audit |
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EY | Assurance | Tax | Transactions | Advisory
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 so doing, 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.
© 2015 EYGM Limited.
All Rights Reserved.
EYG no. AU3650
ED 0616
This material has been prepared for general informational purposes only and is not intended to
be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for
specific advice.
ey.com
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