Audit quality

High-quality audits enhance trust and confidence in the capital markets and facilitate economic growth. Maintaining the highest-level of audit quality is therefore our highest priority. It is the single most important factor in our decision-making, and the key measure on which our professional reputation stands.

The Sustainable Audit Quality (SAQ) program is our commitment to conducting globally consistent, high-quality audits and is the foundation for keeping audit quality as our primary focus.

We recruit, develop and retain the right people, embrace innovation, encourage simplification and monitor what we do closely. The changes introduced through SAQ have required significant investment and created a positive change for our people and the companies we audit.
 

Audit Quality Report 2024

Ernst & Young ShinNihon LLC (Chiyoda-ku, Tokyo; Masami Katakura, Chairwoman & CEO), an EY member firm, has published the Audit Quality Report 2024, which describes the firm’s efforts to pursue audit quality through management and governance structure, quality management, and talent development.

The report features a conversation between Professor Masayuki Horie, an external board member of the Audit Quality Oversight Board, and Chairwoman & CEO Katakura, discussing how audit quality enhances societal value and how the roles of audit firms expand and evolve.

At EY ShinNihon, we continuously work to enhance audit quality through the combined efforts of our back office and front office. We explain these efforts categorizing into four areas: 1) "Navigating emerging risks and issues," 2) "Initiatives for global audits," 3) "Transforming audits by exploring new digital technology and sector knowledge," and 4) "Framework of Quality Management for Audit Firms", the foundation of which is "Prioritizing quality in our organizational structure and talent development." 

We are living in an era where predicting the future is highly challenging. Nevertheless, EY ShinNihon is focused on the future, aiming to stay one step ahead. The firm is motivated and embracing diverse perspectives to improve the quality of its services. In doing so, we hope to contribute to the creation of corporate value and the steady development of the global economy and society.

*The report is available in Japanese only.