EY launches suite of mobile applications to improve the audit process and support audit quality
LONDON, Dec. 18, 2017 /PRNewswire/ -- EY Canvas, the EY global audit platform, has enhanced its capability with the launch of a suite of mobile applications following extensive testing of beta versions involving more than 20,000 audit professionals globally. The trio of mobile applications further supports EY audit professionals' ambition to providing high quality audits by streamlining communications and increasing connectivity. This added knowledge allows audit teams to focus on areas of the audit that require more insight and judgment.
EY Canvas centralizes the way EY audits are provided to organizations. Now in its fourth audit cycle, EY Canvas operates in the largest private cloud in the audit profession and is a single, global approach to innovative audit technology. It seamlessly and securely connects more than 80,000 auditors to organizations, using a single audit methodology globally and is inclusive of automation and analytics capabilities.
The EY Canvas Mobile Application Suite supports various elements of the audit process:
- EY Canvas Engage allows audit professionals to view documents and sign-off on audit evidence associated to tasks directly from an auditor's mobile device to support enhanced workflow automation and meeting critical deadlines. The application also allows auditors to capture audit evidence via the mobile device's camera and securely upload it directly to EY Canvas.
- EY Canvas Inventory provides greater flexibility to auditors when performing tests of inventory counts, allowing them to record the counts through the app – and upload them to EY Canvas immediately if they have an internet connection or once a connection is available. EY Canvas Inventory allows audit professionals to take pictures of the items they count, or for example the warehouse they visit, as audit evidence, and will soon be integrated with the recently announced EY drone capabilities.
- EY Canvas Pulse provides increased visibility into the audit engagement status, timelines and team performance, reducing the burden of administrative tasks and allowing auditors to focus more on the audit itself. It provides real-time updates for both audit teams and organizations.
Hermann Sidhu, EY Global Assurance Digital Leader, says:
"The EY Canvas Mobile Application Suite is driving radical transformation in the way an audit is supported. The primary function of the EY global audit platform is to reinforce the provision of audit quality, enhancing confidence in the capital markets and meeting the evolving needs of business, regulators and investors. By providing all EY audit professionals with a suite of mobile apps in a globally connected environment, we deliver a more meaningful audit experience for our people and organizations."
The apps are available for EY audit professionals globally for iOS and Android users on both tablets and smartphones.
Notes to Editors
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.
About EY Assurance Services
Our assurance services help our clients meet their reporting requirements by providing an objective and independent examination of the financial statements that are provided to investors and other stakeholders. Throughout the audit process, our teams provide a timely and constructive challenge to management on accounting and reporting matters and a robust and clear perspective to audit committees charged with oversight.
The quality of our audits starts with our 80,000 Assurance professionals, who have the breadth of experience and ongoing professional development that come from auditing many of the world's leading companies.
For every client, we assemble the right multidisciplinary team with the sector knowledge and subject matter knowledge to address your specific issues. All teams use our Global Audit Methodology and latest audit tools to deliver consistent audits worldwide.
Jessica Thomas
EY Global Media Relations
+44 (0)20 7951 4653
jessica.thomas@uk.ey.com
Logo: http://mma.prnewswire.com/media/381362/EY_Logo.jpg
Share this article