• Latest phase of US$1b technology investment introduces series of AI-powered capabilities to accelerate audit transformation.
• Includes EYQ Assurance Knowledge – a GenAI-powered capability which searches and summarizes accounting and auditing content.
• Announcement marks the beginning of next phase of EY investment in technology and related services, harnessing the expanding potential of AI.
   

Press Release – 09 Apr 2025  – London – EY has announced the latest milestone in its groundbreaking US$1b, four-year Assurance technology investment – an industry-leading series of capabilities which bring artificial intelligence (AI) at scale to support the organization’s 160,000+ audit engagements around the world.

The new releases are part of the EY organization’s ongoing audit transformation program and introduce new technology to its next-generation AI-powered platform. This forms part of its commitment to drive audit quality and promote confidence in the capital markets; transform the audit experience; and inform stakeholders with technology-centric and data-enabled perspectives.

The capabilities include EYQ Assurance Knowledge, which uses generative AI (GenAI) to help with detailed searches and summarization of accounting and auditing content. By integrating EYQ Assurance Knowledge directly into the workflow of the EY Assurance technology platform, the organization’s 140,000 assurance professionals are equipped with GenAI that also provides responses based on the profile and context of the audit engagements for companies served, including geography, industry and complexity.

This capability is developed and deployed in alignment with the EY organization’s nine principles of Responsible AI and the EY AI Assurance Framework. This includes transparency, providing users of EYQ Assurance Knowledge 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 organization is also releasing enhancements to EY Financial Statement Tie Out, which supports audit professionals with accuracy and integrity checks. The enhancements help manage changes between different iterations of company financial statements, alongside existing technology features.

The EY organization’s integration of AI across EY Assurance at a global scale sits alongside other releases, including the expansion of guided workflows, and the deeper integration of data into the EY Assurance technology platform. These are among more than 30 new and enhanced capabilities being released in 2025, which elevate the audit experience for EY Assurance clients and audit professionals.

These releases come at the end of the third year of a flagship four-year technology investment program across EY Assurance, announced in 2022. This has seen the launch of more than 100 capabilities or enhancements, designed to promote confidence in business and the capital markets. At a time of rapid advances in technology, the EY technology platform sets the foundations for the next phase of the organization’s investment in technology and services, which will further capitalize on rapidly accelerating developments in AI.

Marc Jeschonneck, EY Global Assurance Digital Leader, says:

“Through its US$1b 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, EY Global Assurance Innovation & Emerging Technology Leader, says:

“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 organization’s ambition to become the world’s most trusted AI-powered assurance provider.”

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Notes to Editors

About EY

EY is building a better working world by creating new value for clients, people, society and the planet, while building trust in capital markets.

Enabled by data, AI and advanced technology, EY teams help clients shape the future with confidence and develop answers for the most pressing issues of today and tomorrow.

EY teams work across a full spectrum of services in assurance, consulting, tax, strategy and transactions. Fueled by sector insights, a globally connected, multi-disciplinary network and diverse ecosystem partners, EY teams can provide services in more than 150 countries and territories.

All in to shape the future with confidence.

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. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law, where prohibited by local laws. For more information about our organization, please visit ey.com.

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Source : EY

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