EY to Invest $1B to Crunch More Data, Bolster Digital Audits (1)

Ernst & Young will invest $1 billion over the next four years to help its audit teams wrangle more data and make more informed risk assessments.

The Big Four accounting firm will combine and expand the abilities of its primary audit platform and its data analytics tools to better meet the needs of its audit and assurance clients, the global firm said Thursday.

The funding is part of a multi-year commitment announced last September to bolster audit quality with better technology support for risk assessment and fraud detection. EY audit teams will be able to scrutinize more financial ...