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What is EY Canvas?

At EY, we have made remarkable strides in digital innovation within the audit field. By transitioning to a fully digital audit process, we have enhanced our risk assessment methods, eased the burden on clients, and realized operational efficiencies alongside delivering higher-quality audits. EY Canvas is a landmark achievement as it is the industry's first entirely online platform. Built on the EY private cloud, it connects our audit teams with clients no matter the location of the audit. This innovative platform allows our professionals to seamlessly navigate, coordinate, manage, and execute a uniform audit globally, regardless of the engagement's size, complexity, or geographical setting. Furthermore, it positions us to adapt swiftly to the evolving expectations of businesses, regulators, and investors. The creation of EY Canvas is designed to empower auditors to focus on effectively identifying and mitigating risks. As a result, auditors can allocate less time to administrative duties and concentrate more on the vital components of the audit that significantly impact outcomes. This transformation not only boosts the quality of our audits but also nurtures a deeper, more collaborative relationship with our clients, ultimately benefiting all parties involved. By embracing such technological advancements, we are setting new standards in the audit industry.

What is Bead AI?

Bead AI is enhancing the efficiency of SOX audits by leveraging automation, which enables auditors to focus more on their decision-making and risk management tasks. The sophisticated AI system employs up-to-date RCMs, links evidence to multiple controls, performs complex testing procedures, generates a detailed audit trail, and produces working papers customized to meet the company’s unique requirements. This technological advancement not only improves overall productivity but also greatly minimizes the manual effort required from auditors, allowing them to allocate their time to more strategic activities. As a result, firms can expect a more streamlined audit process that ultimately leads to improved compliance and oversight.

Media

Media

No images available

Integrations Supported

Integrations Supported

AuditBoard
Workiva

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Standard Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
On-Site Training

Company Facts

Organization Name

EY

Company Location

United Kingdom

Company Website

www.ey.com/en_us/audit/technology/canvas

Company Facts

Organization Name

Bead AI

Date Founded

2024

Company Location

United States

Company Website

www.usebead.ai

Categories and Features

Audit

Not specified

Categories and Features

Audit

Not specified

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