Support for our teams:
By connecting coaching and training, and providing feedback and advice around audit methodology and quality control, we take a broad and deep approach to supporting our people in their work every day. At EY Canada, we have a 1:8 ratio of Quality Network and Professional Practice Group partners to all audit partners.
1.Our Quality Network
This network proactively improves audit quality by coaching and training audit teams, reviewing working papers, advising teams on audit methodology, as well as executing risk management and quality control procedures. The network also offers customized coaching based on specific risk areas and runs the Internal Control over Financial Reporting (ICFR) coaching program.
2.Our Professional Practice Group
This group consults with our teams on difficult accounting, auditing and regulatory matters. We have Professional Practice partners in each of our major offices so they are accessible to, and interacting with, audit partners, teams and clients. That proximity allows them to know partners and capabilities better, be more attuned to the effects of the regional economy and better understand the businesses we audit — and related risks. To promote high-quality financial reporting, this group regularly issues thought leadership, hosts webcasts, engages with standard setters and regulators and responds to their proposals.