A message from our leadership
Julie Boland
US Chair and Managing Partner, Ernst & Young LLP
US Vice Chair — Assurance, Ernst & Young LLP
Dante D'Egidio
At Ernst & Young LLP (EY US) we are bringing our bold vision for the future of audit to life, with quality at the center.
We are continuing to enhance audit quality and transform the audit with our multi-year $1 billion investment in technology and talent. This means expanding the use of artificial intelligence (AI) technologies and providing our people with opportunities to develop the skills they need to become well-rounded business leaders. At the same time, our continuous improvement mindset, which we call the EY way, moves us forward as we continue to innovate while providing a distinctive experience for our clients and our people.
With audit quality, independence, accountability and integrity at our foundation, we will continue to evolve how we work and shape the future of the audit. We are anticipating the needs of tomorrow and leading the way with confidence.
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Ernst & Young LLP's 2025 audit quality report
Quality and integrity are our foundation
We are proud to announce that our transformation is already having a significant positive impact on our audit practice. We expect our findings rate to fall to XX% when the PCAOB issues its 2025 inspection report in the coming months.
Our PCAOB inspection findings rate has improved dramatically
21%
46%
37%
28%
2021
2022
2023
2024
Expected decline in 2025*
Shaping the future with confidence
With audit quality as our foundation, we are continuing to transform the audit, creating a better experience for our clients and people.
We're delivering a streamlined methodology, investing in our people, and integrating AI and advanced analytics to address risks and deliver actionable insights to support your business decisions.
The EY audit delivers confidence in your business and capital markets.
We define audit quality as
Having honest, robust and timely communications with the audit committee and management
Using innovative technology, including AI and data analytics, to deepen our understanding of a business and obtain better-quality audit evidence
Leveraging a continuous improvement mindset, coupled with effective supervision and review, to pace our work and to address issues early
Identifying risks at the companies we audit and designing appropriate audit responses
Deploying multidisciplinary teams, with appropriate skills and experience
Complying with professional standards, including exercising due professional care
Being independent and objective, and acting with integrity and professional skepticism
The result: Independent audit opinions that promote trust and confidence in the capital markets
Modern approach
We are deploying next-generation technology, including AI, and processes that deliver a more intuitive user experience. Our auditors have been using EY Canvas, our globally deployed, cloud-based audit platform, for over a decade, and use it to perform robust risk assessments. These workflows are connected to our EY Helix data analyzers, which allow our people to ask better, more precise follow-up questions and provide our clients with valuable insights about their financial reporting processes.
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EY Canvas
Multidisciplinary teams
Digital audit
Global network
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
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Inspection year
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Multidisciplinary teams
Digital audit
Global network
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
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We continue to invest in AI-powered tools that equip our teams to ask better questions and share sharper insights with our clients. We are developing AI solutions that incorporate agentic AI as well as broader AI-enabled workflows that provide real-time data analysis and generate comprehensive reports. We are well positioned to navigate the changing technological landscape and enhance audit quality by leveraging the latest technology and data analytic tools.
AI-powered platform
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Our state-of-the art EY Helix advanced analytics and automation help our teams:
Multidisciplinary teams
Digital audit
Global network
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Easily understand data and end to end processes, quickly identifying common process vs anomalies, enhancing our risk assessments
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Our auditors approach each day with a continuous improvement mindset that we call The EY Way, leveraging specialized teams. We emphasize continuous improvement in our formal training and on-the-job coaching, including deepening our understanding of our clients' business environments and the sectors in which they operate.
Streamlined process
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Multidisciplinary teams
Digital audit
Global network
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
95%
of audit and IT professionals are Lean Six Sigma white belt certified
65%
of our audit hours were completed before clients' balance sheet dates
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We are investing in our people through expanded career experiences designed to inspire, challenge and retain top talent. Through EY 360 Careers, our people spend their first years with EY on structured “expeditions,” exploring different CPA-track opportunities, building a broader skillset and deepening their business acumen. We are empowering our people to grow into well-rounded leaders and shape their professional future with confidence.
Thriving professionals
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Multidisciplinary teams
Digital audit
Global network
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
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We are harnessing the power of our people and technology to deliver timely insights that spark dynamic conversations. Our audit teams use the EY General Ledger analyzer to load approximately 480 billion lines of data into the tool annually, and can also leverage our team with special training in data engineering to customize this analyzer to address a company’s unique risk profile. The insights gleaned from this data can help US audit clients improve their financial reporting processes.
Distinctive client experience
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Multidisciplinary teams
Digital audit
Global network
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
in 13 of the 19 sectors represented on the US Fortune 1000
#1 or #2 auditor
31%
increase in applications for entry-level audit jobs from the prior year between July and October 2024, allowing us to meet our fiscal 2026 hiring goal earlier than in the past
In a recent survey of our people:
80%
say that overall their EY experience is exceptional, indicating a high level of satisfaction
90%
say the work they do allows them to continuously learn and develop new skills
<10%
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
State-of-the-art EY Helix advanced analytics and automation
Automatically see key changes to people, process or technology used by our clients, further increasing audit quality
Answer more questions on their own, decreasing the time it takes our clients to support the audit
Quickly drill into data and processes, without limitations on size or complexity of data
Generate automated workpapers at scale across all areas of analysis and financial statement line items
Easily share sector and business insights for process improvements
Key metrics
#1 auditor
of companies on the Fortune 1000 and Russell 3000 lists
among the Big 4 companies that went public over the last 10 years
In a recent US brand survey, with 88% of business leaders who responded saying they would consider EY as an auditor
*Based on preliminary results
99%
In a recent survey of our people,
believe they have a personal responsibility for delivering quality on their audits
say they understand that consistently performing quality audits serves the public interest
98%
95%
of audit and IT professionals are Lean Six Sigma white belt certified
~65%
of public company audit hours were incurred before our clients' balance sheet date
of our audit hours were completed before clients' balance sheet dates
65%
of audit and IT professionals are Lean Six Sigma white belt certified
95%
say the work they do allows them to continuously learn and develop new skills
90%
say that overall their EY experience is exceptional, indicating a high level of satisfaction
80%
In a recent survey of our people:
#1 or #2 auditor
in 13 of the 19 sectors on the US Fortune 1000
Multidisciplinary teams
Digital audit
Global network
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
Distinctive client experience
Thriving professionals
Streamlined process
AI-powered platform
Modern approach
