On 21 November, EY ShinNihon, a member firm of EY, established the Assurance Innovation Lab, a research organization to promote the realization of Smart Audit. Smart Audit is a new initiative to perform more in-depth audits responding to the evolving complexity of the business environment.
The Assurance Innovation Lab is a specialized organization focused on enhancing audit sophistication and quality by conducting activities such as research on leveraging cutting-edge technology including AI (Artificial Intelligence) and RPA (Robotic Process Automation) in audit engagements, as well as developing professionals that can respond to the needs of society and companies in a digital era. The lab will start off within the audit firm EY ShinNihon with a team of 80 people including CPAs, computer scientists and data scientists led by Executive Board members of EY ShinNihon. Going forward, we aim to expand these activities to collaborate across EY Japan as a whole.
We are working towards the realization of Smart Audit that not only leverages cutting-edge technology including AI and RPA for the automation of big data extraction and verification, but also contributes to making audit judgments by enabling us to perform a wide range of analyses based on more accurate future predictions and assumptions. By utilizing Smart Audit, we can conduct thorough audits by being able to focus on communicating with our clients and understanding their businesses as well as applying our professional judgment to highly complex audit matters, which will lead to the enhancement of audit quality.
The Assurance Innovation Lab will pursue the realization of Smart Audit with the cooperation of external experts, technology related companies and EY's global network.
EY Japan BMC (Brand, Marketing and Communications)
Tel:03-3503-1037 / Fax:03-3503-1041