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My EY My EY Select your location Local sites EY Helix Our global audit analytics platform allows analytics to be embedded into every significant aspect of the audit. Related topics Assurance Audit Audit quality Digital audit Data and decision intelligenceThe team
Eef Naessens EY Belgium Assurance Leader Wim Van Gasse EY Belgium Assurance Markets Leader Christel Weymeersch EY Belgium Financial Services Assurance Partner What EY can do for you\r\nAnalytics is transforming audit. Critically, the use of analytics at EY is guided by one principle: it is not about tools looking for issues, but about our auditors considering what the analyzed data means and assessing its implication to the audit.\r\nWe take an analytics-driven approach to audit that allows us to provide better-quality, deeper insights and more client-relevant audits, as well as exercise a higher level of professional skepticism.\r\nFollowing EY Helix’s launch, there are now more than 70,000 instances of our analytics being used across the globe. EY Helix gives our teams the ability to analyze larger volumes of audit-relevant data to derive insights and a more in-depth understanding of EY clients’ financial close and business operations.\r\nBuilt to scale to meet the needs of all of EY clients, EY Helix is an integral element of our audits. It is our global analytics platform, which includes a suite of data capture and analytics tools that dramatically increase not only the depth and breadth of captured data, but also the value of insight derived from it. The EY Helix library of analyzers supports the audit from risk assessment to execution, addressing a business’ entire operating cycle.\r\nFor example, audit teams can use analytics to look at sales invoicing activity throughout the year, the impact of credit memos and, ultimately, how the invoices are settled.\r\nUsing these allows us to obtain a better understanding of both revenue and trade receivables to help focus our audit procedures. We can also glean insights about EY clients’ business or areas for process improvements that we can share. In addition, the EY Helix library contains all of our data analytics from around the globe, covering different industries and audit areas.\r\nThree key differentiators that make EY Helix a vital tool in improving audit quality:\r\n\r\nIt can handle data of virtually any size.\r\n
\r\n\r\nIt is available to all of our teams across the world.
\r\n
\r\n\r\nThe audit programs embed the analytic audit approach into our methodology.\r\n\r\nKey analyzers in EY Helix include:\r\n\r\nGL Analyzer: Examines and analyzes general ledger (GL) journals of any data size to enhance audit planning and scoping, understanding of the business and audit performance
\r\n
\r\n\r\nGroup Scope Analyzer: Helps audit teams present and organize financial data to inform audit scope strategy
\r\n
\r\n\r\nInventory Analyzer: Provides analysis to better understand inventory and aid audit efficiency
\r\n
\r\n\r\nTrade Payables Analyzer: Auditing trade payables and related expenses
\r\n
\r\n\r\nRevenue and Trade Receivables Analyzer: Collects and analyzes revenue and receivables activity to perform detailed analysis of key aspects of the order-to-cash cycle.
\r\n
\r\n\r\nMortgage Analyzer: Provides the ability to assess the risk profile of a client’s mortgage portfolio by assigning thresholds and weights to risk factors\r\n\r\nBy using EY Helix, our auditors can provide a truly analytics-driven audit. They can identify more easily where to focus their time and concentrate on auditing rather than the collection of data. With information at their fingertips, our auditors’ inquisitiveness and skepticism are enhanced.\r\nSummary of benefits:\r\n\r\nGreater confidence in financial reporting by revealing hidden patterns and trends in EY clients’ financial data
\r\n
\r\n\r\nA fuller picture of the business activities presented through analysis of larger populations of audit-relevant data to help identify the risks that matter
\r\n
\r\n\r\nClear identification of trends and anomalies in the business processes and controls to help direct our investigative effort in the right areas
\r\n
\r\n\r\nRelevant feedback and insights provided during the audit to help EY clients improve their business processes and controls
\r\n
\r\n\r\nEfficiencies for EY clients thanks to our globally integrated data capture and extraction tools\r\n\r\n"}}" id="rich-text-2ae169bcddfe" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> What EY can do for you Analytics is transforming audit. Critically, the use of analytics at EY is guided by one principle: it is not about tools looking for issues, but about our auditors considering what the analyzed data means and assessing its implication to the audit. We take an analytics-driven approach to audit that allows us to provide better-quality, deeper insights and more client-relevant audits, as well as exercise a higher level of professional skepticism. Following EY Helix’s launch, there are now more than 70,000 instances of our analytics being used across the globe. EY Helix gives our teams the ability to analyze larger volumes of audit-relevant data to derive insights and a more in-depth understanding of EY clients’ financial close and business operations. Built to scale to meet the needs of all of EY clients, EY Helix is an integral element of our audits. It is our global analytics platform, which includes a suite of data capture and analytics tools that dramatically increase not only the depth and breadth of captured data, but also the value of insight derived from it. The EY Helix library of analyzers supports the audit from risk assessment to execution, addressing a business’ entire operating cycle. For example, audit teams can use analytics to look at sales invoicing activity throughout the year, the impact of credit memos and, ultimately, how the invoices are settled. Using these allows us to obtain a better understanding of both revenue and trade receivables to help focus our audit procedures. We can also glean insights about EY clients’ business or areas for process improvements that we can share. In addition, the EY Helix library contains all of our data analytics from around the globe, covering different industries and audit areas. Three key differentiators that make EY Helix a vital tool in improving audit quality: It can handle data of virtually any size.
It is available to all of our teams across the world.
The audit programs embed the analytic audit approach into our methodology. Key analyzers in EY Helix include: GL Analyzer: Examines and analyzes general ledger (GL) journals of any data size to enhance audit planning and scoping, understanding of the business and audit performance
Group Scope Analyzer: Helps audit teams present and organize financial data to inform audit scope strategy
Inventory Analyzer: Provides analysis to better understand inventory and aid audit efficiency
Trade Payables Analyzer: Auditing trade payables and related expenses
Revenue and Trade Receivables Analyzer: Collects and analyzes revenue and receivables activity to perform detailed analysis of key aspects of the order-to-cash cycle.
Mortgage Analyzer: Provides the ability to assess the risk profile of a client’s mortgage portfolio by assigning thresholds and weights to risk factors By using EY Helix, our auditors can provide a truly analytics-driven audit. They can identify more easily where to focus their time and concentrate on auditing rather than the collection of data. With information at their fingertips, our auditors’ inquisitiveness and skepticism are enhanced. Summary of benefits: Greater confidence in financial reporting by revealing hidden patterns and trends in EY clients’ financial data
A fuller picture of the business activities presented through analysis of larger populations of audit-relevant data to help identify the risks that matter
Clear identification of trends and anomalies in the business processes and controls to help direct our investigative effort in the right areas
Relevant feedback and insights provided during the audit to help EY clients improve their business processes and controls
Efficiencies for EY clients thanks to our globally integrated data capture and extraction tools Read More Read Less
Our latest thinking
Global Audit Quality Report: a commitment to continuous improvement
The global EY organization is committed to continuously improving audit quality, which helps build confidence and trust in the capital markets. Learn more.
EY GlobalHow AI will enable a better understanding of long-term value
AI will be a vital tool in the next generation of company key performance indicators involving trust, culture and ESG risks. Learn more.
Jeanne BoilletHow to audit the next generation of digital assets
When auditors encounter digital assets, such as cryptocurrency in financial statements, do they audit them as cash, financial instruments or something else?
Jeanne BoilletHow artificial intelligence can help to measure long-term value
Companies are increasingly expected to demonstrate how they are creating long-term value, which means going beyond purely financial metrics and establishing new key performance indicators (KPIs). One of the challenges they face in doing so is accessing, and then analyzing, credible, comparable data. Artificial intelligence is proving to be a valuable tool here, as it can be used to read and analyze large volumes of data, helping to identify meaningful KPIs for
Jeanne Boillet + 1 Previous Next The Team Eef Naessens EY Belgium Assurance Leader Trusted audit professional. Passionate about innovation and working with diverse talents. Digital audit influencer. Dedicated wife and mother. It’s fun to be me. Diegem, Belgium Wim Van Gasse EY Belgium Assurance Markets Leader Audit professional. Proud father of three. Diegem, Belgium Christel Weymeersch EY Belgium Financial Services Assurance Partner Dedicated to financial services. Passionate about stimulating talent. Energized by client and people satisfaction. Loves ice skating. Diegem, Belgium Show more Contact Us Like what you’ve seen? Get in touch to learn more. EY logo \r\nConnect with us\r\n\r\nOur locations\r\nTransparency report\r\nMy EY\r\nSite map\r\nLegal and privacy\r\n\r\n"}}" id="rich-text-1500a58f35af" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Connect with us
Our locationsTransparency reportMy EYSite mapLegal and privacy Read More Read Less Open Facebook profile Open X profile Open LinkedIn profile Open Youtube profile EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.\r\n"}}" class="cmp-text"> EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Welcome to EY be (en) You are visiting EY be (en) be en
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