EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
Performing quality audits is our top priority. As leaders of Ernst & Young LLP, we set clear expectations for the quality of work our professionals do each day. We are focused on reinforcing the cornerstones of our culture – maintaining our independence and objectivity, acting with integrity, exercising professional skepticism and being accountable for the quality of our work.
We are committed to promoting confidence in the capital markets by performing high-quality audits. Learn about our audit practice, including the actions we are taking to enhance audit quality, by reading our 2024 US audit quality report.
Download Ernst & Young LLP’s 2024 audit quality report
Being independent and objective and acting with integrity and professional skepticism
Complying with professional standards, including exercising due professional care
Deploying multidisciplinary teams, with appropriate skills and experience
Identifying risks at the companies we audit and designing appropriate audit responses
Leveraging a continuous improvement mindset, coupled with effective supervision and review, to pace our work and to address issues early
Using innovative technology to deepen our understanding of a business and obtain better-quality
audit evidence
Having honest, robust and timely communications with the audit committee and management
The result: Independent audit opinions that promote trust and confidence in the capital markets
Key metrics
13,540 US audit and IT professionals, by rank, including 66% seniors and staff, 24% senior managers and managers, and 10% partners and managing directors.
"Empowering our professionals to operate at the top of their potential comes with great responsibility. This means meeting the evolving demands and reliability of this great profession. We are committed to developing next-generation skills and creating a better experience for both our clients and our people."
Diana Kutz
US Assurance Talent Leader
46% of our newly promoted US audit partners and managing directors are women.
24% are racially and ethnically diverse professionals.
1:6 ratio of Quality Network and Professional Practice partners and managing directors to all audit and IT partners and managing directors.
18.8% of US public company audit hours are generated by EY US professionals with specialized skills, including 13% by IT, 4% by Tax, 1% by Valuation and 0.8% by others.
PCAOB inspections finding rate was 21% in 2021, 46% in 2022, 37% in 2023 and is expected to further decline in 2024, based on preliminary results.
Download Ernst & Young LLP’s 2024 audit quality report
The global EY organization is committed to continuously improving audit quality, which helps build confidence and trust in the capital markets. Learn more.