Our commitment to audit quality
We are pleased to present the 2020 audit quality report of Ernst & Young LLP (EY US or the Firm), which reaffirms our commitment to continuously improving the quality of our audits and strengthening our system of quality control. We invite you to read the highlights of the report presented below or to download the full report. We have updated the Inspections section of this web presentation to reflect the results of our 2019 PCAOB inspection report, which was publicly released in February 2021.
Kelly J. Grier and John L. King
Key focus areas in 2020
Key metrics
Our audit portfolio
We audit
6
of the top 10 companies
in the Fortune 500
924
public companies
30%
of both Fortune 500 and Fortune 1000 companies
Our people
US audit professionals by rank (11,070 total)
New US audit partners and managing directors
59%
are women or minorities
Retention of top-rated professionals
89%
senior managers and managers
80%
seniors and staff
Executing high-quality audits
Percentage of US public company audit hours
generated by EY US specialists
Quality Network and Professional Practice partners and managing directors to audit partners and managing directors
1:5
Our data-first approach
Percentage of teams using EY Canvas
100%
Percentage of US public company audits using our EY Helix general ledger analyzer
99%
Increase in US public company audits using
data-driven audit procedures
