EY Weaves Advanced AI Into Corporate Financial Audits Globally

EY is rolling out this week advanced AI to audit teams globally, in its latest bid to bolster checks on corporate accounting and to stay ahead of the fast-developing technology.

Artificial intelligence tools that harness autonomous agents will touch each step in the Big Four firm’s financial statement audits over the next two years. The upgrades build on previous investments the global accounting and consulting firm has made to modernize its audit technology and bolster the quality of its work, including $1 billion pledged in 2022 and other technology commitments.

Early capabilities ...