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We believe that how we continuously improve audit quality, manage risk and maintain our independence as auditors should be transparent to stakeholders. We value regular dialogue, and this 2024 Transparency Report of Ernst & Young (EY Australia) is one of the ways in which we update our stakeholders on what we are doing in each of these areas.
The execution of high-quality audits with independence, integrity, objectivity and professional scepticism is central to serving the public interest and is our top priority.
Companies, regulators and other stakeholders count on us to deliver excellence in every engagement, and to support this, we are committed to continuous improvement and providing an environment in which auditors can thrive. This includes recruiting, developing and retaining talented people; nurturing their careers; embracing innovation; encouraging simplification; and critically evaluating the work of audit teams to identify areas for improvement. We strongly believe our multidisciplinary firm model, with highly experienced subject-matter specialists is key to delivering high-quality audits and meeting the audit needs of a complex business.
Download EY Australia Transparency Report 2024
Summary
2024 EY Australia Transparency Report covers the year ended 30 June 2024 as well as some recent relevant events. This report embraces the transparency objectives of Australia’s Corporations Act and the European Union’s Regulation 537/2014.
In this report you can learn about how we’ve invested in quality and our distinctive EY culture, including how we instil professional values, the performance of audits and our System of Quality Management, as well as our independence practices and how we are creating long-term value for our people and society.
In July 2023, we published the report arising from Elizabeth Broderick & Co’s comprehensive examination of workplace culture, which resulted in 27 recommendations, all of which we accepted. You can read more about our progress against these recommendations in the Value Realised Scorecard.