THE Ernst & Young (EY) organization has announced the global rollout 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.
Get the latest news
delivered to your inbox
Sign up for The Manila Times newsletters
By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.
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 upcoming audit transformation demonstrates EY’s continued commitment to delivering exceptional value to our clients and enhancing the lives of our people,” SGV & Co. Assurance Leader Cyril Jasmin Valencia said.
“Central to this transformation is how our people learn, adapt, and embrace these developments — enabling them to create greater value for clients while experiencing meaningful improvements in their work. As a result, we expect to achieve a higher level of efficiency, raise the standard of audit execution and build confidence through an improved audit experience,” she added.