Professional services / Audit
EY: Searching audit knowledge
- Company
- EY
- Country
- United Kingdom
- Adoption stage
- In operation
- Source published
- Date basis
- The date the source was published. It can differ from the date adoption started.
- How the source was checked
- Read the full source text
The work problem
EY carries out more than 160,000 audit engagements worldwide. Auditors find and read accounting and auditing material, fill in answers on disclosure checklists, and cross-check that the figures in financial statements agree. This press release only states that the work will be supported with AI and does not describe what the process looked like before.
Technology and data
EYQ Assurance Knowledge was placed directly inside the workflow of the EY Assurance technology platform. The feature uses generative AI to search accounting and auditing material in detail and summarise it. The search reflects audit context such as country, industry and complexity. Users are given direct access to the validated professional material and the original reference documents so they can check the basis themselves. On the same platform EY placed EY Intelligent Checklists with AI, which suggests answers for disclosure checklists, and EY Financial Statement Tie Out, which helps with accuracy checking. EY said it built these features in line with its nine Responsible AI principles and the EY AI Assurance Framework.
Results
EY said 140,000 assurance professionals will be able to use generative AI. It said it will release more than 30 new and improved features in 2025 alone. It said more than 100 features and improvements have been released since the programme began. The company described this announcement as the latest stage of a US$1b audit technology investment programme.
Limits and open questions
The figures disclosed are the number of people covered and the number of features. The actual usage rate, search accuracy and change in audit hours are not in this source.
Sources
Compiled from public sources. These are not results from ATF Works customers.