Our commitment to audit quality
A message from our leadership
We are pleased to present the 2023 audit quality report of Ernst & Young LLP. Audit quality is a top priority for us. We invite you to read the highlights below and download the full report to learn more about the actions we are taking to drive audit quality over the short and long term.
A snapshot of key metrics
Our people
Percentage of newly promoted US audit partners and managing directors
Executing the audit
Percentage of US public company audit hours generated by EY US specialists
Highlights of the report
We are committed to performing high-quality audits that promote trust and confidence in the capital markets.
Learn more about the actions we are taking to improve the consistency of our audits and reinforce the cornerstones of our culture.
We are driving consistency in how we apply our audit methodology, how we manage and staff our audits, and how we use technology to help us understand risks and focus on what matters most in an audit.
Learn more about how we execute our audits.
We are committed to creating diverse teams and supporting our people with the career development opportunities, flexibility and benefits they need.
Learn more about how we are focusing on our people.
We support our teams by providing coaching, interpretive guidance and enablement. Our technical support groups also consult with them on difficult accounting, auditing, SEC and independence matters.
Learn more about how our Quality Network, Professional Practice group and other resources support our audit teams.
We monitor the effectiveness of our actions and perform robust root cause analyses of positive and negative audit performance. The results provide valuable information about how we can continuously improve audit quality.
Learn more about how we monitor our audit practice to inform our efforts to continuously improve audit quality.
The PCAOB inspection process provides us with valuable information we use to drive continuous improvement in our audit approach and to strengthen our system of quality control.
Learn more about our PCAOB inspection results.
