Our commitment to audit quality

Audit quality is our top priority. As leaders of Ernst & Young LLP, we set clear expectations for the quality of work our professionals do each day, and we foster a culture of integrity and accountability.

Read our 2023 audit quality report and our 2024 update on audit quality for our latest PCAOB inspection results.

• 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

A snapshot of key metrics

Our people

Percentage of newly promoted US audit partners and managing directors

Executing the audit

Percentage of US public company audit hours generated by EY US specialists

Our people

11,270 US audit professionals, by rank, including 66% seniors and staff, 23% senior managers and managers, and 11% partners and managing directors.
US professionals by rank who are women
Partners and managing directors: 35%
Senior managers and managers: 49%
Seniors and staff: 50%
US professionals by rank who are racially and ethnically diverse
Partners and managing directors: 14%
Senior managers and managers: 32%
Seniors and staff: 40%
45% of our newly promoted US audit partners and managing directors are women. 25% are racially and ethnically diverse professionals.

Executing the audit

1:6 ratio of Quality Network and Professional Practice partners and managing directors to all audit partners and managing directors.
18.7% of US public company audit hours are generated by EY US specialists, including 12.5% by IT, 4.2% by Tax, 1.2% by Strategy and Transactions and 0.8% by other specialists.