EY Global Audit Methodology (EY GAM) is a comprehensive framework that

guides the audit process across more than 85,000 EY audit professionals
worldwide. Here are some key aspects of EY GAM and global team expectations:

1. Seamless Audit Delivery: EY GAM ensures a globally consistent approach to

audits. Teams across different locations follow one unified methodology,
allowing for better coordination and risk identification. This seamless approach
enables findings to be reported promptly1.
2. Leading-edge Technology: EY’s audit process is powered by cutting-edge
digital tools. Three foundational audit technologies play a crucial role:
o EY Canvas: A global online audit platform that helps teams navigate,
coordinate, manage, and drive consistent audits, regardless of size or
complexity. It meets the evolving needs of businesses, regulators, and
investors2.
o EY Helix: A suite of analytics tools that enhances risk identification and
response.
o EY Atlas: A cloud-based knowledge platform that supports audit
professionals globally3.
3. Centralized Planning and Monitoring: EY GAM facilitates centralized
planning and monitoring of global audits. This enhances the capability of the
primary audit team and ensures efficient execution1.

In summary, EY GAM provides a robust methodology and technology-driven

approach to deliver high-quality audits across diverse geographies and industries. The
global team adheres to these standards to maintain consistency and excellence in their
work.

EY, a global leader in assurance, consulting, strategy and transactions, and tax
services, collaborates with a network of partners to provide clients with the right
technology, capabilities, and insights. These strategic alliances help create long-term
value and facilitate transformation at speed and scale12.

Notably, European banks lead globally in overall ESG (Environmental, Social, and
Governance) efforts, as per the EY Sustainable Finance Index. However, they need
to focus more on workplace Diversity and Inclusion (D&I) activities3.
In summary, EY’s global counterparts include a diverse ecosystem of partners,
enabling them to deliver quality services and build trust in capital markets
worldwide1.

EY (Ernst & Young), a global professional services firm, places significant emphasis
on quality and risk management. Let’s delve into some of their key procedures:

1. Risk Management:
o EY recognizes that risk can emerge from various angles — upside,
downside, and outside. They help organizations navigate these risks by
embracing disruption with trust and confidence1.
o Their risk management services span across industries, including
healthcare, supply chain, financial sectors, and more, providing
companies with a competitive advantage2.
2. Engagement Management Lifecycle:
o EY follows a structured approach to engagement management, which
includes four phases: Qualify, Plan, Deliver, and Close. These phases
are relevant to all EY engagements and are supported by specific stages
and leading practice activities3.
3. Risk Transformation Consulting:
o EY assists organizations in optimizing their risk management efforts by
evaluating the extent of risk coverage across various functions.
o They align risk management roles at the board and management levels
and ensure that risk appetite aligns with stakeholder expectations4.

In summary, EY’s quality and risk management procedures involve proactive risk
assessment, strategic planning, and alignment with stakeholder expectations to create

value and maintain trust. 🌟

The EY Global Audit Methodology (EY GAM) serves as a comprehensive
framework for conducting high-quality audits across the globe. It provides a
structured approach to planning, executing, and reporting on audit engagements. Here
are some key aspects of the EY GAM:

1. Audit Process and Procedures:

o The EY GAM outlines the steps involved in an audit, from
understanding the client’s business and risks to evaluating internal
controls, substantive testing, and forming an opinion on financial
statements.
o It emphasizes adherence to professional standards, independence, and
ethical behavior.
2. Risk Assessment and Materiality:
o The methodology guides auditors in assessing risks specific to each
engagement.
o Materiality thresholds are determined to identify significant items that
require closer scrutiny.
3. Audit Evidence and Documentation:
o EY GAM emphasizes the importance of obtaining sufficient and
appropriate audit evidence.
o Detailed documentation ensures transparency, consistency, and
compliance with auditing standards.
4. Team Expectations:
o The methodology aligns with global team expectations by promoting
collaboration, communication, and knowledge sharing.
o Auditors are expected to maintain professional skepticism, exercise
judgment, and uphold the highest quality standards.
5. Continuous Improvement:
o EY is committed to enhancing audit quality continuously.
o Initiatives include leveraging technology (such as EY Helix) and
fostering a culture of excellence.

For more detailed information, you can explore the EY Audit website1. Remember,
high-quality audits are essential for serving the public interest and maintaining trust in
financial reporting.
Certainly! EY (Ernst & Young) offers several tools and approaches to enhance the
efficiency and meaningfulness of reviews. Let’s explore a few:

1. EY Smart Reviewer:
o EY Smart Reviewer is a transformational approach specifically designed
for reviewing promotional materials in the life sciences industry.
o It leverages AI (Artificial Intelligence), ML (Machine Learning), and
NLP (Natural Language Processing) to automate and optimize each
step of the review process.
o Benefits:
 Efficiency: Materials move through the review cycle faster, with
targeted human intervention.
 Reliability: Better quality information enters the market swiftly.
1
 Cost Reduction: Reduced costs and risks .
2. Collaboration Tools:
o Consider using collaboration tools to facilitate efficient and timely
feedback from key stakeholders.
o These tools enhance communication and streamline the review process.
3. EY Growing Beyond Borders and IBM Watson:
o Explore the use of these tools to identify external risks.
o EY Growing Beyond Borders helps organizations expand globally, while
IBM Watson provides advanced analytics and cognitive capabilities2.
4. EY Alliance and Ecosystem Relationships:
o EY collaborates with various technology partners to address complex
challenges.
o Their technology products and platforms evolve with the changing needs
of businesses3.

Remember that these tools are designed to enhance efficiency, reliability, and overall

effectiveness in the review process. 🚀

Certainly! It appears you’re describing a leadership role within the context of
engagement management at EY (Ernst & Young). Let’s break down the key
responsibilities:

1. Engagement Leadership:
o Lead engagements from the GDS (Global Delivery Services) front.
o Ensure timely and high-quality work delivery, following EY Global
Audit Methodology (GAM) and global team expectations.
o Understand the specifics of the aligned engagement and EY GAM
during reviews of procedures performed by GDS staff.
o Utilize EY tools to enhance review efficiency and effectiveness.
2. Relationship Management:
o Cultivate productive relationships with key EY global counterparts,
including assurance executives based in the Americas or Europe.
3. Quality and Risk Management:
o Familiarize yourself with EY quality and risk management procedures.
o Embed these procedures into the engagement team’s work.
4. Workflow and Resource Allocation:
o Proactively discuss workflow management with assurance teams.
o Allocate resources effectively to assigned work.
o Monitor team utilization, budget adherence, and other operational
aspects.
5. Professionalism and Communication:
o Demonstrate professionalism, competence, and clear communication
when interacting with GDS and global teams.
6. Value Delivery and Scope Improvement:
o Set expectations for value delivery to the respective GDS global teams.
o
o
oIdentify opportunities to enhance the scope of work for GDS
engagements.
o Standardize review processes and leverage best practices across aligned
o engagements.
7. Team Leadership and Talent Development:
o Motivate and lead GDS team members.
o Identify and nurture key talents.
o Coach and supervise team members.
8. Operational Responsibilities:
o Handle various operational matters related to aligned engagements.
 oConduct timely performance reviews and provide feedback/training.
9. Lead by Example:
o Serve as a role model for the team.

Overall, this role involves a blend of technical expertise, relationship-building, and

effective management to drive successful engagements. 🌟

Explore

EY, officially known as Ernst & Young Global Limited, is a British multinational
professional services partnership. It stands as one of the largest professional services
networks globally, alongside Deloitte, KPMG, and PwC. Collectively, these firms are
referred to as the Big Four accounting firms12.

Here are some key points about EY:

 Services: EY provides a range of services to its clients, including:

o Assurance: Ensuring financial reporting accuracy and compliance.
o Tax advisory: Offering tax-related guidance.
 o Digital Transformation: Assisting with technology-driven changes.
o Information Technology: Providing managed services in areas like
cybersecurity, cloud, and artificial intelligence.
o Consulting: Offering strategic advice.
1
o Advisory services: Addressing various business challenges .
 Global Presence: EY operates as a network of member firms, each structured
as separate legal entities in a partnership. It has 395,442 employees across over
700 offices in more than 150 countries worldwide1.
 History: EY’s current partnership was formed in 1989 through the merger of
two accounting firms: Ernst & Whinney and Arthur Young & Co.1.
 Name Change: Although it was initially known as Ernst & Young, a
rebranding campaign officially changed its name to EY in 2013. However, the
abbreviation “EY” was informally used even before the official adoption1.

EY plays a crucial role in providing professional services, building trust in capital

markets, and supporting economies globally1. 🌐💼

Certainly! Let’s explore how EY (Ernst & Young) differentiates itself from its
competitors. EY operates in the professional services industry, and its main
competitors include:
1. ISS:
o Type: Workplace experience and facility management company.
o Provides placemaking solutions.
o Focuses on creating efficient and effective work environments1.

2. Accenture:
o Type: Provider of strategy, consulting, interactive, technology, and
operations services.
1
o Offers a wide range of services across various domains .

3. Deloitte:
o Type: Professional services network.
o Provides audit, tax, and advisory services.
1
o Known for its global reach and expertise .
 4. KPMG:
o Type: Company specializing in accounting, compliance, management
consulting, and tax services.
1
o Has a strong presence in the market .

5. PwC (PricewaterhouseCoopers):
o Type: Global provider of auditing, accounting, and assurance services.
1
o Offers services to organizations and individuals .

Key Differentiators for EY:

  Global Network: EY operates in over 150 countries with a vast network of
member firms.

 Holistic Services: EY provides a comprehensive suite of services, including

assurance, tax, consulting, and advisory.

 Emphasis on Technology: EY focuses on digital transformation, leveraging

technology to drive business value.

 Quality and Risk Management: EY emphasizes quality control and risk

management procedures.

 Talent Development: EY invests in talent development and leadership.

Remember that each competitor has its unique strengths, and clients choose based on

their specific needs and preferences. 🌟

EY (Ernst & Young) is a global professional services company and one of the Big
Four accounting and auditing firms. Alongside Deloitte, PricewaterhouseCoopers
(PwC), and KPMG, EY is part of this prestigious group.

In terms of global revenue, EY ranks third among the Big Four firms, following
Deloitte and PwC. The combined revenue of the Big Four firms reached nearly 190
billion U.S. dollars in 2022, and this figure has been growing exponentially since
20091.

While EY’s market share varies across different regions and service lines, it continues
to be a significant player in the professional services landscape. Its emphasis on
quality, technology, and talent development contributes to its standing in the
industry2. Notably, EY recently reported a record UK revenue driven by investments

and client demand across various sectors3. 🌐💼

EY (Ernst & Young) reported combined global revenues of US$49.4 billion for the
financial year ending in June 2023 (FY23). This represents an impressive 14.2%
growth in local currency (equivalent to 9.3% in US dollars) compared to the
previous year1. EY’s revenue is influenced by its diverse services, global presence,
and emphasis on quality and technology.

Looking ahead, EY is projected to continue its growth trajectory. According to the

Future of Pay report, it is likely to reach US$65 billion by 2024 and further expand
to reach US$120 to US$130 billion by 20302. These figures highlight EY’s

significant impact in the professional services industry. 🌐💼

EY (Ernst & Young) employs several strategies to drive growth and enhance its
position in the professional services industry. Let’s explore some of these approaches:

1. EY-Parthenon Strategy:
o EY-Parthenon teams play a crucial role in developing and delivering
strategic opportunities for clients.
o They provide in-depth market analysis, competitor insights, and
customer perspectives.
o By incorporating financial, operational, and implementation viewpoints,
EY-Parthenon helps clients make informed decisions across their entire
organization1.
2. Purpose-Led Growth Strategy:
o EY focuses on a purpose-led approach to growth.
o The NextWave strategy, which emerged from the EPIC framework,
emphasizes innovation and transformation.
 o EY collaborates with clients to develop solutions that deliver better
outcomes for stakeholders2.
3. EY 7 Drivers of Growth Framework:
o EY has distilled insights from ambitious CEOs, owners, and
entrepreneurs.
o The EY 7 Drivers of Growth framework enables leaders to:
 Think differently about their businesses.
 Unlock full potential.
 Successfully deliver growth strategies.
o This framework encourages a holistic view of growth and helps
organizations achieve market leadership3.

In summary, EY’s growth strategy combines strategic insights, purpose-driven

approaches, and frameworks to create value for clients and drive sustainable growth.

🌐💼

Certainly! EY (Ernst & Young) actively invests in innovation to stay at the forefront
of the professional services industry. Here are some key aspects of EY’s innovation
initiatives:

1. Investing in Technology and People:

o EY recognizes that innovation involves both technology and human
capital.
o The organization focuses on creating “innovation superheroes” by
investing in cutting-edge technologies and nurturing talent.
o EY’s podcast discussions emphasize the importance of this dual
approach1.
2. EY-Parthenon Strategy:
o EY-Parthenon, the world’s fifth-largest strategy consultancy, plays a
pivotal role.
o It brings together innovators, develops smart strategies, and transforms
ideas into tangible products and services.
o Collaboration is central to this approach, recognizing that collective
intelligence drives innovation2.
3. Purpose-Led Growth and Transformation:
o EY’s NextWave strategy aligns with purpose-driven growth.
o The focus extends beyond technology to address broader societal
challenges.
 o By helping clients achieve true scale and significance, EY contributes to
positive impact enterprises3.
4. AI Initiatives:
o EY encourages leaders to prioritize a small number of cross-cutting AI
initiatives.
o These initiatives bridge gaps and elevate AI maturity.
o Leaders must decide when to act immediately and when to plan for the
future, guided by clear criteria4.
5. Business Model Innovation:
o EY recognizes the need for business models that prioritize social justice,
economic inclusion, and environmental regeneration.
o Impact enterprises already embody these principles.
o EY professionals extend their skills to help these enterprises achieve
meaningful scale3.

In summary, EY’s innovation ecosystem combines technology, purpose,

collaboration, and strategic thinking to drive positive change and create value for

clients and society. 🌟💡

Explore

EY (Ernst & Young) adopts a strategic approach to digital transformation, helping

businesses evolve rapidly while seizing opportunities and managing risks. Here are
the key elements of EY’s approach:

1. See the Future and Define Purpose:

o Organizations must envision their future state and articulate their
purpose.
o EY encourages clients to understand emerging trends, anticipate market
shifts, and align their purpose with transformative goals1.
2. Orchestrate, Accelerate, and Unblock Initiatives:
o EY recognizes that digital transformation involves a portfolio of
initiatives.
o The focus is on orchestrating these efforts, accelerating implementation,
and removing obstacles.
1
o Agility and adaptability are critical to success .
3. Disrupt and Create Like a Start-Up:
o EY encourages clients to adopt an entrepreneurial mindset.
o Embrace innovation, experiment, and iterate.
o Learn from start-ups’ agility and willingness to disrupt traditional
models1.

In summary, EY’s approach combines strategic foresight, efficient execution, and a

start-up mentality to drive meaningful digital transformation for its clients. 🌟💡

Certainly! EY (Ernst & Young) offers comprehensive digital transformation
services to help businesses evolve rapidly, seize opportunities, and manage risks in an
ever-changing landscape. Here are the key aspects of EY’s approach:

1. Vision and Purpose:

o EY encourages companies to see the future and define their purpose.
o Understanding emerging trends and aligning purpose with
transformative goals is crucial.
2. Orchestration and Acceleration:
o EY helps organizations orchestrate, accelerate, and unblock a
portfolio of digital initiatives.
o Agility and efficient execution are essential for successful
transformation.
3. Entrepreneurial Mindset:
o EY advises clients to disrupt and create like a start-up.
o Embrace innovation, experiment, and iterate to drive meaningful change.
4. Financial Services Focus:
o In the financial services sector, EY combines deep industry
understanding with transformative technologies.
o These technologies include advanced analytics, artificial intelligence,
robotics, cloud, blockchain, cybersecurity, and innovation
accelerators.
o The goal is to achieve business outcomes quickly and safely.
5. Five Key Pillars:
o EY’s digital transformation journey is underpinned by five pillars:
 Platform Thinking: Leveraging platforms for scalability and
agility.
 Experience Thinking: Enhancing customer experiences.
 Digitizing Legacy: Modernizing existing systems.
 Being Digital: Embracing digital ways of working.
12
 Digital Trust: Ensuring security and trust in digital processes .

In summary, EY’s digital transformation services empower organizations to navigate

disruption, innovate, and create value in an increasingly digital world. 🌟💡

EY (Ernst & Young) evaluates the success of its digital transformation initiatives
through a combination of quantitative metrics and qualitative analysis. Here are some
key approaches:

1. Client Ratings:
o EY is highly rated by clients in several areas related to digital strategy
and execution.
o These areas include quality of digital strategy professionals, driving and
supporting change across clients’ organizations, delivering value-
creating innovation, understanding clients’ unique needs, and
challenging clients to accept new approaches and solutions1.
2. Capability Assessment:
o EY’s digital transformation capabilities are assessed across various
technologies.
o The firm excels in artificial intelligence, distributed ledger, and
robotic process automation2.
3. Quantitative Metrics:
o EY tracks quantifiable metrics to measure impact, such as:
 Customer Satisfaction Scores: Assessing how well digital
initiatives enhance customer experiences.
 Revenue Growth and Retention: Monitoring financial
outcomes.
3
 Employee Productivity: Evaluating efficiency gains .
4. Emotional and Rational Factors:
o EY recognizes that transformation success is rooted in human behavior.
o Leaders invest in building conditions for success both rationally and
emotionally.
o Emotional engagement and alignment are critical for sustainable
change4.

In summary, EY combines client feedback, capability assessments, quantitative

metrics, and emotional factors to gauge the effectiveness of its digital transformation

efforts. 🌟💡

annual financial statements of ey gds

Explore

The EY Value Realized 2023 report provides insights into the impact that Ernst &
Young Global Delivery Services (EY GDS) has on its stakeholders, including EY
people, clients, and society. This annual report highlights the value created by EY
GDS in various dimensions 1:

1. Human/People Value: EY GDS contributes to the growth and development of

its employees, fostering a skilled and motivated workforce.
2. Consumer/Client Value: The services provided by EY GDS benefit clients by
enhancing their business processes and outcomes.
3. Social Value: EY GDS plays a role in societal progress through its operations
and community engagement.
4. Financial Value: The financial performance of EY GDS reflects its contribution
to the overall success of the organization.

For more detailed information, you can explore the EY Value Realized 2023 report
on EY’s official website 1. Additionally, if you’re interested in the financial specifics,
you can refer to the annual report filed by GDS Holdings Ltd for the year 2021,
which is available on their investor relations website 2.
Remember that these reports provide valuable insights into the organization’s
actiCertainly! Let’s explore the differences between EY GDS (Ernst & Young
Global Delivery Services) and EY India:

1. Nature of Operations:
o EY GDS: EY GDS primarily focuses on providing global delivery
services to EY member firms worldwide. It handles various back-office
functions, including finance, accounting, technology, and analytics. The
services are delivered remotely from centers located in different
countries.
o EY India: EY India is a full-service professional services firm that
offers a wide range of consulting, audit, tax, and advisory services to
clients across various industries. It operates directly with clients in India
and provides on-site services.
2. Client Interaction:
o EY GDS: While EY GDS collaborates with EY member firms globally,
its direct client interaction is limited. The focus is on efficient service
delivery and process optimization.
o EY India: EY India actively engages with clients, conducts audits,
provides consulting services, and builds long-term relationships. Client
interaction is a significant part of EY India’s operations.
3. Career Opportunities:
o EY GDS: Offers career opportunities for professionals in areas such as
finance, technology, data analytics, and project management. It provides
exposure to global processes and tools.
o EY India: Provides diverse career paths, including audit, tax, advisory,
and consulting. Professionals work closely with clients, gaining industry-
specific knowledge and expertise.
4. Work Environment:
o EY GDS: Typically operates in a shared services model, emphasizing
efficiency and standardized processes. Work is often project-based.
o EY India: Offers a dynamic work environment with client-facing roles.
Professionals engage in problem-solving, strategy development, and
client interactions.
5. Growth and Learning:
o EY GDS: Focuses on skill development, process improvement, and
operational excellence. Exposure to global projects enhances learning.
o EY India: Provides opportunities for continuous learning, leadership
achallenges.
6. Geographic Presence:
 o EY GDS: Has centers in various countries, serving EY member firms
globally.
o EY India: Primarily operates within India but collaborates with EY’s
global network.

In summary, while both EY GDS and EY India contribute to EY’s success, their roles,
client interactions, and career paths differ. Choose based on your interests, skills, and

aspirations! 🌟

activities, achievements, and impact. 🌟

EY GDS (Ernst & Young Global Delivery Services) recognizes revenue through a
combination of strategic approaches and financial practices. Let’s delve into how they
achieve this:

1. Service Lines and Revenue Growth:

o EY GDS operates across various service lines, including Consulting,
Strategy and Transactions, Assurance, and Tax.
o In the financial year ending June 2022 (FY22), EY GDS achieved
remarkable revenue growth:
 Consulting: Exceptional growth of 27.1% (local currency) and
24.5% (USD) to US$13.9 billion.
 Strategy and Transactions: Significant growth of 25.4% (local
currency) and 22.8% (USD) to US$5.9 billion.
 Assurance: Solid growth of 8.9% (local currency) and 6% (USD) to
US$14.4 billion 1.

2. Investment in Innovation and Technology:

o EY GDS has committed to investing in audit quality, innovation,
technology, and people.
o In FY22, they invested US$3.2 billion in these areas, including a next-
generation assurance technology platform.
o The focus is on providing high-quality audits and adapting to changing
expectations from regulators and stakeholders 1.

3. Long-Term Value Framework:

o EY measures success using the Long-Term Value Framework, which
encompasses four dimensions:
  Human/People Value
 Consumer/Client Value
 Social Value
 Financial Value 2.

4. Sustainability and Training:

o EY GDS emphasizes sustainability and technology training.
o In FY22, they invested US$300 million in training, delivering over 59
hours of training per employee on average.
o Learning accreditations (EY Badges) cover disciplines such as AI,
blockchain, impact entrepreneurship, and sustainable business practices
1
.

In summary, EY GDS combines financial rigor, innovation, and a commitment to

long-term value to recognize and optimize revenue. 🌟

how do ey gds recognises revenue

EY GDS (Ernst & Young Global Delivery Services) recognizes revenue through a
combination of strategic approaches and financial practices. Let’s delve into how they
achieve this:

1. Service Lines and Revenue Growth:

o EY GDS operates across various service lines, including Consulting,
Strategy and Transactions, Assurance, and Tax.
o In the financial year ending June 2022 (FY22), EY GDS achieved
remarkable revenue growth:
 Consulting: Exceptional growth of 27.1% (local currency) and
24.5% (USD) to US$13.9 billion.
 Strategy and Transactions: Significant growth of 25.4% (local
currency) and 22.8% (USD) to US$5.9 billion.
 Assurance: Solid growth of 8.9% (local currency) and 6% (USD) to
US$14.4 billion 1.
 2. Investment in Innovation and Technology:
o EY GDS has committed to investing in audit quality, innovation,
technology, and people.
o In FY22, they invested US$3.2 billion in these areas, including a next-
generation assurance technology platform.
o The focus is on providing high-quality audits and adapting to changing
expectations from regulators and stakeholders 1.

3. Long-Term Value Framework:

o EY measures success using the Long-Term Value Framework, which
encompasses four dimensions:
 Human/People Value
 Consumer/Client Value
 Social Value
2
 Financial Value .

4. Sustainability and Training:

o EY GDS emphasizes sustainability and technology training.
o In FY22, they invested US$300 million in training, delivering over 59
hours of training per employee on average.
o Learning accreditations (EY Badges) cover disciplines such as AI,
blockchain, impact entrepreneurship, and sustainable business practices
1
.

In summary, EY GDS combines financial rigor, innovation, and a commitment to

long-term value to recognize and optimize revenue. 🌟

latest news on ey gds

Certainly! Here are some recent updates related to EY GDS (Ernst & Young Global
Delivery Services):

1. Hiring Initiatives:
o In May 2022, EY announced plans to hire 25,000 tax professionals
globally. Additionally, they intend to recruit 6,000 people for their GDS
tax team. Approximately 80% of the GDS tax team hiring will take place
in India, with the remaining 20% distributed across other countries 12.

2. Financial Growth:
 o EY GDS has been experiencing significant growth. In the financial year
ending June 2022 (FY22), they achieved remarkable revenue growth
across various service lines:
 Consulting: A growth rate of 27.1% (local currency) and 24.5%
(USD), reaching US$13.9 billion.
 Strategy and Transactions: A substantial growth rate of 25.4%
(local currency) and 22.8% (USD), amounting to US$5.9 billion.
 Assurance: Solid growth of 8.9% (local currency) and 6% (USD),
resulting in US$14.4 billion 3.

3. Investment in Innovation and Technology:

o EY GDS is committed to investing in audit quality, innovation,
technology, and people. In FY22, they invested US$3.2 billion in these
areas, including a next-generation assurance technology platform 3.

4. Sustainability and Training:

o EY GDS emphasizes sustainability and provides extensive technology
training. In FY22, they delivered over 59 hours of training per employee
on average, covering disciplines such as AI, blockchain, impact
entrepreneurship, and sustainable business practices 3.

Stay informed with the latest news from EY as they continue to build a better working

wor
Explore

Certainly! Here are some recent updates related to EY GDS (Ernst & Young Global
Delivery Services):

1. Record Global Revenue:

o In the financial year ending June 2023 (FY23), EY achieved combined
global revenues of US$49.4 billion, marking an increase of 14.2% in
local currency (9.3% in US dollars) since 2019 1.

2. Hiring Initiatives:
o EY plans to hire 25,000 tax professionals globally, with a focus on
strengthening its tax department.
o Additionally, they intend to recruit 6,000 people for their GDS tax team,
with approximately 80% of the hiring in India and the remaining 20%
distributed globally 2.

3. Investment in Technology and Consultancy Services:

o EY aims to enhance its technology and consultancy services delivery
network.
o As part of this effort, they plan to hire 14,000 people for their GDS
centers in India 3.

Stay informed with these developments as EY continues to create value and drive

growth! 🌟

ld! 🌟
Can you tell me more about EY's audit quality?

Certainly! EY (Ernst & Young) places significant emphasis on delivering high-

quality audits that serve the public interest, promote trust, and enhance confidence in
the capital markets. Here are key aspects of their commitment to audit quality:

1. Definition of Audit Quality:

o EY defines audit quality as follows:
 Independence and Objectivity: Ensuring auditors remain
impartial and objective throughout the audit process.
 Integrity and Professional Skepticism: Acting with integrity and
maintaining a questioning mindset to critically evaluate evidence.
 Compliance with Professional Standards: Adhering to
established auditing standards, including exercising due
professional care.
 Multidisciplinary Teams: Deploying teams with diverse skills and
relevant experience to enhance audit effectiveness 1.

2. Data-Driven Approach:
o EY US audit teams adopt a data-first approach to gain a deeper
understanding of a company’s business.
o By leveraging data analytics, they enhance audit quality, identify risks,
and provide valuable insights to clients 2.

3. Continuous Improvement:
o EY continually assesses and enhances its audit processes to maintain
high standards.
o They focus on learning and development, ensuring auditors stay
updated with industry trends and regulatory changes.

4. Transparency and Reporting:

o EY publishes annual audit quality reports that highlight sustained
improvements and areas of focus.
o These reports provide transparency to stakeholders and demonstrate
EY’s commitment to quality 3.

In summary, EY’s dedication to audit quality contributes to building trust, supporting

economic growth, and maintaining confidence in financial markets. 🌟

How does EY GDS ensure data privacy and security?

EY GDS (Ernst & Young Global Delivery Services) places a strong emphasis on
data privacy and security to protect sensitive information. Here are some ways they
ensure data privacy and maintain robust security measures:

1. Data Protection and Privacy Services:

o EY GDS offers data protection and privacy services to help organizations
stay up-to-date with leading practices in data security and privacy.
o They assist companies in complying with regulations in an ever-evolving
threat environment and regulatory landscape1.

2. General Data Privacy Regulation (GDPR) Compliance:

o EY GDS helps organizations navigate the complexities of the General
Data Protection Regulation (GDPR).
o They provide guidance on data security, privacy policies, and
compliance with GDPR requirements2.

3. Global Information Security Survey (GISS):

o EY conducts the Global Information Security Survey, which explores
critical cybersecurity issues faced by organizations.
o The survey helps businesses confront evolving risks posed by cyber
threats and emerging technologies3.

4. Continuous Learning and Adaptation:

o EY GDS stays informed about the latest security threats and privacy
regulations.
o They continuously update their practices to align with industry
standards and best practices.

In summary, EY GDS prioritizes data privacy, implements robust security protocols,

and assists organizations in safeguarding sensitive information. 🌟

How does EY GDS recognize revenue?

EY GDS (Ernst & Young Global Delivery Services) ensures revenue recognition
through strategic approaches and financial practices. Here are key aspects:

1. Total Reward Programs:

o EY GDS focuses on recognition and reward programs that align with
each organization’s purpose, vision, culture, and values.
o These programs optimize rewards, reflecting financial sustainability and
competitiveness 1.

2. Revenue Recognition Standards:

o EY follows ASC 606 (Revenue from contracts with customers)
guidelines.
o These standards provide interpretative guidance on recognizing revenue
from contracts 2.

3. Financial Performance:
o In FY22, EY GDS achieved remarkable revenue growth:
 Consulting: Exceptional growth of 27.1% (local currency) and
24.5% (USD) to US$13.9 billion.
 Strategy and Transactions: Significant growth of 25.4% (local
currency) and 22.8% (USD) to US$5.9 billion 3.

4. Investment in Technology:
o EY GDS invests in audit quality, including a next-generation assurance
technology platform.
1
o This investment enhances audit effectiveness and compliance .

In summary, EY GDS combines financial rigor, innovation, and adherence to

standards for revenue recognition. 🌟

at what locations in india ey gds office is openes

Certainly! EY GDS (Ernst & Young Global Delivery Services) has offices in
several locations across India. Here are some of the key office locations:
1. Noida, Uttar Pradesh:
o EY GDS has offices in Noida, which is part of the National Capital Region
(NCR).
o These offices serve as delivery centers for various services provided by
EY GDS 12.

2. Bangalore (Bengaluru), Karnataka:

o EY GDS has multiple office locations in Bangalore:
 Mahadevpura: Bagmane Tech Park
 Whitefield: Garnet Building
 RMZ Infinity: Near KR Puram
o These offices contribute to EY’s global delivery services, supporting
clients worldwide 3.
 3. Other Locations:
o EY GDS may have additional offices in other cities across India,
depending on their service lines and business requirements.

For more specific details or to explore other office locations, you can visit EY’s

official website 4. 🌟