EY has launched agentic AI within its global Assurance business, impacting 160,000 audit engagements across 150 markets. This strategic move is backed by a multibillion-dollar investment aimed at enhancing audit quality and integrating advanced technology. The AI system, part of the EY Canvas platform, processes 1.4 trillion journal entries annually and supports 130,000 professionals in managing complex tasks and assessing risks. Partnering with Microsoft, EY aims to modernize its audit methodology and improve workflows tailored to individual engagements.
The firm also introduced assurance services focused on AI diagnostics and governance, helping clients navigate AI-related risks. As a recognized leader in deploying advanced AI, EY emphasizes the importance of responsible AI practices in its operations. A comprehensive training program will upskill staff to adapt to evolving technologies and methodologies. This AI rollout demonstrates EY’s commitment to transforming traditional audit processes, providing deeper insights and enhanced confidence for clients in the AI era.
Source link
