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EY Assurance Digital Transformation Goals
Projected transition to full AI-supported audit activities by 2028.
Primary Sources
EY launches enterprise-scale agentic AI to redefine the audit ...
Embedded agentic AI and modernized audit approach to power 160,000 audit engagements globallyNew EY capabilities, integrated with Microsoft technology, strengthen quality, transform workflows and enhance the client and people experienceNew AI assurance services support clients' AI-enabled transformations The EY organization today announced the global roll-out of enterprise-scale agentic AI in Assurance, marking a fundamental shift toward AI-transformed audits. These new releases, alongside a modernized audit approach, are part of a multibillion-dollar commitment to audit quality, technology and people, which will continue as part of the EY ‘All in’ global strategy. EY is directly embedding a new multi-agent framework, integrated with Microsoft Azure, Microsoft Foundry and Microsoft Fabric, into EY Canvas — the single, global Assurance technology platform that processes more than 1.4 trillion lines of journal entry data per year. Encompassing the daily workflows of 130,000 Assurance professionals across 160,000 audit engagements and more than 150 countries and territories, these capabilities will help audit teams orchestrate complex tasks, processes and technologies, and address risks more dynamically, while accessing continuously updated auditing and accounting guidance — at unprecedented scale and speed. This overall agentic integration immediately embeds AI in all phases of the audit globally through the EY Canvas platform. This follows a sustained period of extensive and successful testing and piloting. It is expected to support all end-to-end audit activities by 2028. This technology is underpinned by a modern approach for EY auditors, which will reduce administrative burden for clients, improve risk assessments, and maintain the fundamental role of human judgment, skepticism and insight. This will tailor workflows to engagements, further strengthen quality, streamline processes, provide additional insights, drive confidence and improve the audit experience for EY clients and people. Janet Truncale, EY Global Chair and CEO, says: “As we help the world’s leading organizations transform, we hold ourselves to the same standard — starting as ‘client zero.’ The rapid growth of data, and the new complexities of assuring AI, demand that our people and technology evolve faster than ever. EY’s human-led, AI-powered audit of the future is a market-leading example of enterprise AI in action, delivering greater value, deeper insight and increased confidence for ou...
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