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EY has announced the integration of an “industry-leading” series of capabilities, which bring AI at scale to support the Big Four firm’s more than 160,000 audit engagements globally.
The news comes as the latest milestone in the firm’s “groundbreaking” $1bn (£760m), four-year assurance technology investment as part of its plan to drive audit quality and promote confidence in the capital markets.
EYQ Assurance Knowledge will integrate GenAI directly into the firm’s assurance technology platform to provide 140,000 assurance professionals with access to GenAI capabilities, such as detailed searches and summarisation of accounting and audit content.
This capability will be developed and deployed in alignment with EY’s nine principles of Responsible AI and the EY AI Assurance Framework to provide users of EYQ with “full access to vetted subject-matter sources and references”.
Additional capabilities include a new release of EY Intelligent Checklists with AI, which uses GenAI to recommend responses to questions in disclosure checklists. This supports audit professionals in addressing accounting standards and legal requirements.
The EY organisation will also release enhancements to EY Financial Statement Tie Out, which supports audit professionals with accuracy and integrity checks.
These are among more than 30 new and enhanced capabilities being released in 2025, which the firm says “elevates the audit experience for EY Assurance clients and audit professionals”.
Marc Jeschonneck, global assurance digital leader at EY, said: “Through its $1bn technology investment, EY is bringing AI right to the heart of the audit, accelerating its transformation. This elevates the attractiveness of EY for talent and equips EY professionals with technology capabilities to shape the future with confidence.”
Paul Goodhew, global assurance innovation and emerging technology leader at EY, added: “This launch of new AI capabilities is the first of a series of generative and agentic AI technologies which build on the strong foundations established by integrated and transformative technology. This supports the EY organisation’s ambition to become the world’s most trusted AI-powered assurance provider.”
