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Explore the advantages of our Global Audit Methodology - Ernst & Young - United States

Explore the advantages of our Global Audit Methodology

We design a customized audit plan that concentrates on the business areas significant to your financial statements and that are critical to your risk profile.

The result is not only an efficient audit — it is also one that we believe will be effective. Our early identification of business and control vulnerabilities and opportunities makes it possible for us to focus our audit effort on those areas of greatest risk.

The important features of our audit approach include:

  • Global audit methodology and documentation approach: our methodology, approach and knowledge and technology tools enable our professionals to deliver a consistent, high-quality audit anywhere in the world.
  • Excellence in audit execution: to train our teams to appropriately apply our audit methodology and tools, we have developed an intensive client-by-client training approach that we call "Audit Quality".
  • Commitment to quality and controls: the responsibility for the quality of our audits rests with each of our audit partners and every member of our client teams. Their personal commitment to compliance with the highest professional ethics, standards and our firm’s quality controls is the foundation of our commitment to professional excellence.

In addition, Ernst & Young is a leader in the use of audit tools to facilitate audit execution and communications with our clients. Our audit teams have continuous access to the latest accounting and auditing information. Ernst & Young has invested millions of dollars in knowledge and communication networks to equip our people to provide efficient and insightful audits.

International Financial Reporting Standards (IFRS)

We have established IFRS centers of excellence called "IFRS desks" in each significant country and region, with a team in London coordinating all global IFRS work. We strive for consistent interpretation through constant communication and consultation between the various desks, our engagement teams and our clients. Discover how Ernst & Young can help you with the adoption of IFRS. 

Contacts

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AccountingLink

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Audit Committees

Stay abreast of audit committees issues as they evolve.

GAAIT

Available to clients, GAAIT is your online reference for accounting and auditing standards and Ernst & Young interpretive guidance.

IFRS 

Learn how Ernst & Young can help with IFRS adoption.

XBRL 

Find out how Extensible Business Reporting Language (XBRL), can improve the financial reporting process.

Ernst & Young Online

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